Unfair Payment Protection Insurance

Unfairly sold PPI? Reclaim your money...

Many lenders offer Payment Protection Insurance on loans, credit cards and mortgages, promising that payments will be covered in the event of financial hardship. But the reality is that most people who make a claim fail, due to ‘exclusion clauses’ in their policies that they were not made properly aware of at the time of sale.

In fact, a Citizens Advice Bureau (CAB) found that 85% of people who have claimed on their Payment Protection Insurance were denied.

Take a look at the points below – if any of them apply to you at the time of sale, you were likely to have been a victim of unfair payment protection insurance and probably have grounds for a complaint:

You were told the insurance was necessary for you to get the loan
You were under 18 or over 65
You worked less than 16 hours a week
You were employed on a temporary or contract basis or were aware you may become unemployed
You suffered from stress or backache or had an existing illness
You were not told about the true cost of the insurance, (or not told you were buying it at all).
You were not asked about any other insurances you had
You were not told that the same policy could potentially be bought elsewhere cheaper.
You paid for loan insurance upfront and it was not refunded to you when you paid back your loan early.
The terms & conditions of the loan insurance policy were not properly explained to you.
You were put under pressure to take out the loan insurance

If you think you have been a victim of unfair mortgage protection insurance, complete our Loan Insurance Complaint form and you will be put in touch with an expert from Claims Financial to discuss your case.