Payment Protection on Loans
As a result of so many mis sold policies with payment protection on loans, tens of thousands of UK consumers are filing for PPI refunds.This has been labelled as the biggest racket of all time perpetrated by the financial industry which is why thousands of UK borrowers are seeking payment protection loan advice.
Payment protection loan advice can be found in a number of places but the problem is that not all of this information is accurate. If you are looking for sound advice on whether or not you have a claim against your lender and how to go about filing a claim, you could begin by reading information available on a number of websites including the Citizens Advice Bureau where the complaints against lenders are detailed. Also, much information is available at governmental sites such as the Financial Ombudsman Service and the Financial Services Authority.
Reasons for mis-selling
The first thing to establish when making a claim is the grounds upon which your
policy was mis-sold. Common ways in which policies may be mis-sold include:
If you were told you had to have the cover or it would improve your chances of
being given cover.
If you were sold the cover without the terms and conditions being fully
If you were sold the cover without the full costs being made clear.
If you were suffering from a pre-existing medical condition.
If you were sixty-five or over.
If you were unemployed, self-employed, retired or in full-time education.
Claiming Back Payment Protection on Loans
If you would like help making a claim call 0207 471 2000 today and speak to a member of our team.
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