PPI in UK
PPI in UK – Three Different Frauds You Must Know About
Millions of UK residents have had it with wrongly sold payment protection insurance. They have filed their PPI in UK claims and now benefit from the reimbursement of their money. With this many claims, and no indication that they will die down until everyone is compensated, it has been estimated that £3.2 billion are likely to be dispersed as compensation to deserving customers. If you are ready to find out if you have been mis sold PPI and if you are eligible to receive compensation, now is the time to file your claim and find out. There are three different frauds your situation may fall under and you should learn which one applies to you.
One of the most common forms of wrongly sold payment protection insurance is when people who are not eligible for coverage are sold a policy anyway. These are people with a medical history of ailments like diabetes, high blood pressure, and heart disease. Along with these situations, those who are self-employed, unemployed, or retired should not be sold a PPI in UK because they are ineligible to benefit from coverage. Some people have full sick pay and these people are not eligible for PPI either. When these kinds of people are wrongly sold payment protection insurance, they could be eligible for a reimbursement claim.
Next is when people have wrongly sold payment protection insurance added to their account without their knowledge. Some borrowers are persuaded into accepting PPI in UK, even though they do not want it, because they are informed that it will increase their chances of being approved for their loan. Other times, they simply are not informed at all but are simply charged the PPI premiums without knowing it. You may not even be able to tell by looking at your statement because it could be hidden among other fees you are due.
The final situation in which wrongly sold PPI can occur is when those who are above a certain age limit are still sold PPI in UK. While the age is not set in stone, the upper limit is around 65 to 70 years old. If you are above this age bracket, you were mis sold PPI. Multiple well-known lenders are participating in these unethical practices to obtain more of your money. If you suspect any of these situations apply to you, get in touch with an agent to straighten it out and obtain the compensation you deserve.