Payment Protection Problems

There is a growing problem with lending companies charging people ridiculous amounts of money for payment protection insurance. This insurance is meant to cover someone if there should ever be an issue which causes them to fall behind on their payments due to illness, injury or redundancy. However, around 85% of all people who pay into these policies every month wind up being ineligible when it comes time to make a claim. This is one of the biggest payment protection problems. In addition, the amount of money that is charged for these policies is unreasonable. In some cases people are paying 56% on top of their loan amount! These payment protection problems are the reason that people are beginning to become aware that something must be done.

Consumer Rights

Many people are oblivious to the fact that they are being cheated out of money. They believe everything their lender tells them including, on some occasions,that having a payment protection insurance policy is mandatory.This is another one of the huge payment protection problems. Any consumer who has been paying into a payment protection plan for a good deal of time and then finds that he/she is not actually able to receive benefits can request a PPI refund. However, this is a process that will not happen overnight. In fact, PPI refunds can be a nightmare to secure.

How we can help

If you believe you have been mis-sold a PPI policy we can help. We work on a no win no fee* basis and have already helped more than 60,000 people make a successful claim. So far, we have claimed more than 50 million for our customers and have a great deal of experience negotiating and settling claims.

To start claiming your PPI refund complete the claim form on our site. We will send you out a pack in the post. You just have to answer a few simple questions, sign and return it and we can get started. We resolve many claims in just 8 weeks. Payment Protection Problems? Our team are always happy to answer any questions you may have - call them today on 0207 471 2000.

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