Was Your PPI Mis-sold?
Were the Terms of the PPI Policy Explained?
PPI is not only extremely poor value for money when purchased from the company lending you money, it is also often sold to people who can never claim on it due to exclusion clauses and other barriers. It should have been clearly explained to you that you were buying, or borrowing to buy insurance when you took out the loan. The full terms and conditions of this insurance should also have been explained to you during the sales process. Anything less constitutes PPI mis-selling.
Health & Employment Factors
Did the lender discuss your health and employment history with you? If you were not in full time employment when you took out the policy then you can claim, as PPI does not cover the unemployed or retirees. If you had a pre-existing medical condition this may also have prevented you from claiming on your policy and the PPI was mis-sold. Stress, back problems and chronic illnesses are all often exemptions in mis-sold PPI policies, conveniently covering the main causes of absences from the workplace.
PPI Mis-sold by Representatives of the Lender
Many customers did not have the entire cost of their PPI policy explained to them by their lender. Some lenders only quoted the cost of their loans with PPI automatically attached. This also applied to customers who increased their loans. In either case the PPI was mis-sold by the lender. If you were told that PPI was compulsory, or that it would increase your chances of being accepted for the loan, it is likely you can claim. The same applies if you were pressured by staff, or if you were not told that you could get PPI elsewhere.
There are a number of other instances in which you may have had PPI mis-sold to you, but this covers the most common techniques used by lenders to mis sell PPI to their customers. Bartletts Solicitors will look at your loan documents as part of your free consultation, and recommend the appropriate course of action for you to reclaim your mis-sold PPI premiums.
Get Your Mis-sold PPI Claim Started
- 1
Send Basic Loan Details
Send us the basic details of your loan using our form and we will call you back.
- 2
Instruct Bartletts - The PPI Specialists
If your mis-sold PPI claim is valid we will aim to recover all your PPI with interest.
- 3
The Reclaim Process
PPI claims last about 4 months. By using a solicitor you will receive maximum compensation with a minimum of fuss.