Anybody that has taken out Payment Protection Insurance (PPI) on their loans, credit cards or mortgage over the last 10 years may be running out of time to ask their bank to refund PPI that could have been mis-sold. As a result of millions of claims for PPI refunds being submitted in the last 3 years and with the Banks facing the possibility of payouts totaling billions of pounds, many lenders have suspended issuing PPI refunds whilst awaiting the outcome of a judicial review which will be looking closely at the sale of PPI to decide if indeed this type of insurance has been widely mis-sold...read more
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Showing posts with label Payment Protection Insurance (PPI). Show all posts
Showing posts with label Payment Protection Insurance (PPI). Show all posts
Tuesday, 5 April 2011
Claim Mis Sold PPI and Recover Money That's Rightfully Yours
Payment protection insurance is sold by the banks alongside loans, credit cards, mortgages and other financial products in order to give borrowers the peace of mind that the loan or card will be paid in the event of an accident, illness or redundancy. However, it has been uncovered that many banks may have mis sold PPI insurance to unsuspecting customers as part of a sales drive due to the enormous profits that could be made out of this type of insurance...read more
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