Loan Insurance Complaint »
If you were missold credit card payment protection insurance, you are within your rights to make a credit card insurance complaint for compensation.
Many lenders now offer credit card insurance to customers when they take out a card, but often suggest that the insurance is compulsory, or fail to explain the details of the policy – if this has happened to you, you may well have grounds for a credit card insurance complaint.
Our check list on our Unfair Payment Protection Insurance page can help you work out if you have a case.
Many people who have taken out payment protection, either on a credit card, store card, loan or mortgage, and have then tried to make a claim have been refused because their claim is deemed invalid and more often than not, this can be put down to the fact that the policy was missold to them in the first place – i.e. they were not made aware of certain terms of the policy. The Citizens Advice Bureau estimates that loan companies are making around £5billion from payment protection every year, but are only paying out on15% of claims.
If you think you are one of the victims of mis-selling, and wish to make a credit card insurance complaint, fill in our Loan Insurance Complaint form and you will be put in touch with an expert from claims specialist Claims Financial, who will study your case to see if you have grounds for compensation.