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What Is Payment Protection Insurance?

Payment Protection Insurance (PPI) is an insurance product sold alongside your loan or credit card to cover your monthly payments in the event that you become sick, unemployed or suffer an accident.

Pound SignIf you have ever taken out a loan or a credit card then there is a good chance you were sold Payment Protection Insurance (PPI) to cover you in the event that you are unable to meet your monthly payments. In theory, PPI seems like a useful product, however, in practice PPI is often mis-sold and many people are unable to make a claim on the policy due to exclusions and clauses.

Do I Qualify?

Have you taken out a loan or credit card in the last 6 years?
Did you take out Payment Protection Insurance?
There are a number of reasons why you may have been mis-sold.

Talk to one of the team today to find out if you were mis-sold PPI

You could be owed £1,000s.

Why You Should Claim

PPI has generated huge profits for the banks and they have been known to use high pressure and unethical techniques when selling this product. In many instances of mis-sold PPI  those who have been sold PPI don't actually need it, it may never pay out when you do need it or you could have existing cover already e.g. sick pay through your employer. You may not even be aware that you have PPI.

Our solicitors take on some of the biggest financial institutions who have mis sold payment protection on your behalf. We aim to ensure your payment protection insurance claim is successful and you can claim back the money you deserve.

Reasons Why You May Have Been Mis-sold PPI
There are a number of reasons why you may be able to claim back your PPI. If you can answer no to any of the questions below then you may be able to claim.
  1. If the insurance was optional, were you aware of this?
  2. Did the adviser explain any of the exclusions under the policy – for example, the exclusion which won't cover you if you have any pre-existing medical condition?
  3. When you took out your loan, did the adviser make it clear that you would have to pay for the insurance up front in one single payment?
  4. Did the adviser make it clear to you that the insurance cost would be added to the loan and you would also have to pay interest on it?
  5. Single premium PPI insurance normally only lasts for 5 years. If your loan or finance agreement was for longer than this, did the adviser make it clear that the insurance would run out before you had finished paying for your loan or finance agreement?
  6. Did your adviser tell you that you would continue to pay interest on the insurance premium, even after the insurance had expired?
  7. Was it made clear that you did not have to agree to the PPI in order to secure the loan?
Who We Claim From

LegallyConfused.com can help you claim back PPI from most lenders including:

Halifax HSBC Welcome Finance
Barclays Bank Black Horse Royal Bank Of Scotland
Alliance and Leicester Abbey National Egg
NatWest Northern Rock Yorkshire Bank
HFC Bank MBNA Santander
Lloyds TSB First Plus Beneficial Finance

and many more....

 
How long will my case take?
You can be compensated within as little as 2 weeks
You can be compensated within as little as 2 weeks.  Average timescale is less than 8 weeks.
What will it cost me?
Nothing to pay upfront. Our fee is 25% of the recovery
With nothing to pay upfront, our fee is 25% of the recovery and only applies when an offer of compensation is made.
tick   No Win No Fee
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Contact Details

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Legallyconfused.com is a trading name of Legally Confused Ltd. Legally Confused Ltd is regulated by the Ministry of Justice in respect of regulated claims management activities CRM24526.Registered in England and Wales Company Registration Number 07276468 Registered Office 199 Heywood Road Prestwich Manchester M25 1LB