What is PPI ?

http://ppiadviceline.co.uk/

PPI or Payment Protection Insurance is a form of insurance, which is sold along with loans, credit cards or mortgages.

Over the last ten years the insurance has been widely mis-sold by banks and lenders.

PPI is typically designed to continue making payments on your loans if you fall ill, lose your job or have had an accident which prevents you from working. In most cases the policy comes with no protection guarantee.

You may have been sold PPI that won't protect you or that has been added to your repayment costs without your knowledge. If you feel that this situation may apply to you, you can make a claim for PPI compensation.

Millions of people have been mis-sold PPI policies, and banks have forked out almost £2bn in compensation.

Claimants could have PPI on their loans, credit cards, mortgages, store cards or even on the hire purchase agreements, and there is no limit to the number of PPI claims you can make. To discover whether you have been mis-sold PPI you can look at several cues.

If you were told that it was compulsory for you to take insurance, also a situation where you were not aware that PPI was optional or where you were not told that you could have obtained PPI cover cheaper elsewhere.

You could also make a claim if you took t out the insurance when you were unemployed or retired or self-employed. PPI is also said to have been mis-sold if you were not given enough time and space to make your decision.

For more information on mis-sold payment protection, contact PPI adviceline today.