Payment protection insurance generates billions of pounds for banks and building societies and is widely recognised as being routinely mis-sold. The policies are designed to repay a particular debt if you find yourself out of work through accident, injury or redundancy. We know of many instances when borrowers have been persuaded to buy an expensive policy as a ‘condition’ of being offered a loan or credit card or other product.

Do you have a mis-selling claim?

If any of the examples below relate to a policy you were sold then there is a very high chance you have a claim for a refund of all your premiums – plus interest. Even if you have repaid the product, repaid all of the loan or credit card.

• I was or was shortly due to become self-employed when I took out the PPI policy
• I was retired or very close to retirement age when I took out the PPI policy
• I was not employed (including student) when I took out the PPI policy
• I was told the PPI policy was compulsory or I would have a better chance of receiving the loan, credit card or other product if I taken the PPI policy.
• I was not aware that the PPI policy was optional
• I had other protection policies in place when I took out this loan
• Did the sales person talk about pre-existing medical conditions and how it could affect your claim when you took out the insurance policy?
• I was told I would get a better interest rate if I took the PPI policy out with the loan
• I was not made aware of the cost of the premiums on the PPI policy
• I was not aware the PPI policy cost would be added to the loan and I would pay interest on the cost.
• I was not made aware that I had taken out the PPI policy when I took out the loan.
• I was not made aware that I could purchase alternative PPI policies with other providers when I took out the loan.
• I was not made aware that the PPI policy did not cover the life of the loan.
• I did not need the PPI policy as I could have repaid the loan/outstanding balance using my savings

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