2012年8月31日星期五

Mis-sold PPI claim

Have you taken out a Payment Protection Insurance (PPI) in the last six years? You may think you haven’t. You may not even know what PPI is. But, if you had received financial borrowing from a lender, it’s possible you have been mis-sold PPI. This scandal has received a lot of press over the last 2 years as it was found iphone 3gs camera lens that many PPI policies were illegally sold, thus sparking a fury of mis sold PPI claims.PPI is an insurance policy designed to cover debt repayments in the event of sickness, unemployment or inability to work through no fault of your own. PPI is often sold alongside finance such as a loan, mortgage, credit card or store card. There is nothing wrong with PPI policies, and they have benefited many people in the event of financial difficulty – it is simply the way in which these insurance policies have been sold which has attracted negative attention.You could be the victim of mis-sold PPI and therefore entitled to make a mis-sold PPI claim. So, how would you know? There are many ways in which sales persons have mis-sold including pushy sales techniques, informing you the purchase of the insurance was compulsory, not informing you about the policy, and not ensuring you were fully aware of the eligibility criteria. Think back to the point at which you were sold your PPI policy, can you remember any mis-selling by the sales person? If so, contact a claims management company to start your mis-sold PPI claim. Since the investigation by the Financial Ombudsman Service in 2009, there have been heavier regulations on the selling of PPI making it less likely that you have been mis-sold PPI, but not impossible. It has been found that some quotes for monthly repayments of loans have PPI installments included, meaning that you could be paying for a product you are unaware of having. When the FOS released detail on complaints data in 2009, it was found that major lenders including Lloyds TSB, RBS and Northern Rock had over 90% complaints in the customer’s favour.During their investigation, the FOS found that some companies were setting their staff ridiculously high sales targets for PPI policies, and even threatening to dock their pay, leading to sales staff using very pushy sales tactics. This could be due to the fact that the profit margins on PPI policies are extremely high, and is one of the most over priced products on the financial market. Sales persons were found guilty of informing customers their credit rating would be affected if they did not purchase the PPI, or that they could not have the loan without PPI, or that the interest on the loan would be far higher without the PPI policy. Did your lender tell you any of these statements? If so, why not contact us today to get the ball rolling on your mis-sold PPI claim?The claiming process for mis-sold PPI can be time consuming and Iphone 4S cable very complex, if you don’t have the time or patience for complicated paperwork, we can claim on your behalf. If you think you could make a successful mis-sold PPI claim, contact us QS 8005 today to start the claim process.