At PPI Claims now we have seen a 72% increase in the amount of PPI claims that we are processing, this is due mainly to people now focusing on their finances and also being socially aware that the banks had widely mis sold their insurance policies for years, with a staggering 10 million policies believed to have been mis sold in the United Kingdom alone.
With the focus now mainly coming on consumers finances it is no wonder that PPI claims are so popular in the UK, with thousands of advertisements via radio, television and editorial the availability of information regarding and the awareness surrounding the PPI scandal is tremendous.
However, millions of people across the UK still do not know what this insurance policy entails and how they were mis sold their insurance policies by their banks and creditors.
If you have taken out a credit agreement such as car finance, credit cards, loans and mortgages in the last 10+ years then there is a high chance that you will have been offered a product called Payment Protection Insurance, this insurance policy is designed to cover a persons credit repayments in the event of injury, redundancy or sickness.
This is a very useful product when sold correctly, however millions of policies have not been and the PPI scandal is set to cost the banks and other creditors across the UK a staggering £50 Billion. The current bill is only at £15 Billion so there are still millions of policies out there that owe consumers a huge sum of PPI compensation.
Call us today to see if you have a claim, we work on a NO WIN NO FEE basis so it won’t cost you a penny to make a claim.