Payment Protection insurance is a policy which is meant to cover your monthly loan or credit card payments (or a percentage of them) if you become unemployed due to an accident, sickness or because you have been made redundant usually for a period of 12 months .It is also known as PPI, loan protection insurance or Accident, Sickness and Unemployment cover (ASU).There are clear rules that finance firms and advisers have to follow when selling payment protection insurance (PPI) policies – despite this our research shows that millions have policies have been mis-sold and many High Street names have been fined for mis-selling PPI. You could be owed thousands. Start your claim today, you have nothing to lose.
Many people are unaware that this insurance has been added to their loan or credit card.
Check your loan agreement and credit card statements.
For loans the premium may be shown on your loan agreement as a lump sum added to your loan.
For credit cards check your statements to see if charges for insurancen are added to your account every month.
Any of these apply to you?:
It's time to get smart and claim back what is potentially yours. If you have taken out a loan in the last 10 years...
Regulated by the Ministry of Justice in respect of claims management activities. Authorisation number CRM2506. View at www.claimsregulation.gov.uk
* that's the average amount of compensation awarded to an i-Smart PPI claims customer.
Do you qualify to claim PPI payments back?
If you have taken out a mortgage, loan, credit card or have obtained finance on any high value item in the last 10 years, there is a good chance you have a Payment Protection Insurance (PPI) policy. But did you know you had taken out a PPI policy? The Financial Services Authority (FSA) have launched a major crackdown on financial providers after finding millions of PPI policies over the past 10 years have been mis-sold to customers. You could have Payment Protection Insurance and not even know it!
Why would have payment protection insurance been miss-sold though? Research shows that banks and other financial providers encouraged sales employees to sell PPI policies by providing greater bonuses and other incentives. So often PPI was sold alongside mortgages, loans and credit cards by any means necessary, even if it meant ruthless tactics and misleading customers.