Have you been mis-sold PPI?
The mis-selling of PPI has been rife over the last 6-10 years, lenders and high street banks were targeting their sals staff on the sales of the controversial product and so many customers had PPI added to their account without their consent or knowledge.
A large majority of PPI claims customers were told that in having PPI on an application for a loan, credit card or mortgage would in fact increase their chance of being accepeted and so customers were inclined to take out the policy based on false information.
The best thing to do is to check your agreements and monthly statements to discover whether PPI has been added to your account, then you need to identify whether you were actually mis-sold the product:
- Were you told that having PPI would increase your chances of acceptance?
- Were you not told about the policy exclusions or that the length of the PPI policy was shorter than the loan agreement?
- Did the sales person neglect to tell you that PPI was optional or that you could get it elsewhere?
- Were you unemployed, self employed or retired at the point of sale
If any of the above applies to you then you could be eligible to reclaim PPI premiums back from your bank or lender