28 September 2008

Payment Protection Insurance Sales Flawed

The Competition Commission published its provisional findings into the sale of PPI in the UK. In its review the Commission has offered its own thoughts on what it calls serious problems within the PPI market. It also focuses on the distribution of PPI and that that the companies who sell these face little or no competition when selling PPI.

It is possible to claim compensation for the mis-sale of a PPI policy. I I am able to assist if you require guidance on a PPI compensation claim.

Have you taken out at least one single premium payment protection insurance insurance policy over last the six years? If so, you may be entitled to thousands of pounds of compensation.

There are over £6 billion worth of payment protection insurance policies out there in the UK and a large portion of them have been mis-sold.

Have you been mis-sold?Do you know that you may have been mis-sold a Payment Protection Insurance Policy and that you may have a valid claim if the company, or its agent, that sold you the policy failed in any one of these areas:

You were not in work or self employed at the time of sale.
You were told that you had to take the PPI out at the same time as the loan or not at all.
You were not asked whether you had any other insurance which would cover the loan.
You were not told you could buy PPI elsewhere to cover the loan.
You were sold a policy which had age restrictions which you fell outside of.
You were led to believe that Payment Protection Insurance was compulsory.
You were told that you would stand more chance of getting the loan if you took the Payment Protection Insurance.
It was not explained to you that there were certain exclusions within the policy that could affect you.
You paid upfront for the PPI but it was not explained that there were some PPI policies where you could pay monthly.
Your PPI was an upfront premium and you repaid the loan early and received no refund.
You increased your loan and the PPI was increased automatically.

If you can answer yes to just one of these questions then contact meimmediately on info@easy4life.com and I will put you in touch with financial consultants who can assist you with your PPI compensation claim on a no win no fee basis.
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