Payment Protection Insurance Claim
Payment Protection Insurance is an optional extra insurance product which can be purchased at the same time as, or after, taking out a loan/credit card/store card/mortgage and other forms of credit. It is normally designed to protect you from missing repayments due to loss of work, illness, accidents etc. However, these premiums are often very expensive and in many cases are not needed or wanted by the consumer. There are a number of circumstances in which you may have been mis-sold Payment Protection Insurance; for example if you did not know that a policy had been added to your credit, if you were told you would not be accepted for credit unless you took out the policy, or if the policy was unsuitable for you. If you feel you may have been mis-sold your PPI policy you can make a claim for compensation and could receive a refund of all premiums paid, often amounting to thousands of pounds. Do not delay in registering your claim for mis-sold Payment Protection Insurance as it may become invalid if your policy was sold more than six years ago.