The Financial Ombudsman or FOS as it is commonly known as has reported that PPI claims are set to sky rocket amidst the Banks deadline regarding the sale of Payment Protection Insurance claims. With millions of policies believed to have been mis sold over a 10 year period from various banks and creditors it is n wonder that banks are wanting to draw a line under the whole scandal.
With over £15 billion paid out so far with regards to Payment protection insurance claims, the total bill is believed to reach a whopping £50 billion, the biggest banking scandal since the history of time.
Many people still do not know if they have been mis sold their insurance policies on credit agreements such as car finance, credit cards, loans and mortgages. It is often shown on your original agreement and will be usually abbreviated in a different format to the traditional ‘ppi’ title with the likes of Credit protection insurance, credit repayment insurance and so on.
To cut through all the red tape contact us today to see if you have a claim and see if you have an insurance policy that has been mis sold to you and is worth £1000′s in repayments and compensation, just like thousands of our clients who have used our service and believe that without us they would never have had the time or inclination to deal with the banks on their own.