Car finance credit agreements have proven in the last six months to be the worst Mis sold insurance policies we have seen.
PPI or payment protection insurance was designed to cover a persons financial credit agreement if the person was injured, made redundant or fell sick whilst their agreement was still running.
It would cover the financial repayments in such events and was deemed a very useful product for people to have alongside any credit agreement.
This would seem so but however the insurance policies were dramatically Mis sold and forced into taking out the expensive insurance when they did not want or need it in the first place.
Banks and other creditors were told to Mis sell the insurance to customers as they were on targets to ensure that massive profits would be met.
This meant that customers beat intentions were not met as they were forced into the insurance policies and were scammed for billions.
Find out today if you have a claim we work on a no win no fee basis so it won’t cost you a penny.