Loan Insurance Complaint »
Many UK lenders will offer you Payment Protection Insurance when you take out a mortgage, loan, credit or store card – a policy that will cover your monthly payments should you become unable to pay them.
Unfortunately, many salesmen do not properly explain the policy, or lead the customer to believe they have to take out PPI in order to get the loan – if this sounds like you; you have been missold a PPI and are qualified to make a payment protection complaint.
If you are not sure, our Unfair Payment Protection Insurance page lists the various grounds for making a payment protection complaint.
The Citizens Advice Bureau estimates that, in the UK, there are more than 20 million PPI policies are in force, generating in excess of £5 billion in annual premiums for insurers, but that only 85% of people who claim on their PPI are successful. This is mainly due to clauses in their policies that they were unaware of at the time of sale.
To find out how you can make a payment protection complaint, fill in our Loan Insurance Complaint form to be put in contact with a specialist from Claims Financial who will be able to discuss your case with you in detail.