Mis-selling of Payment Protection Insurance Policies
Have YOU been mis-sold a PPI?
Do you think you have been mis-sold a Payment Protection Insurance
(PPI) policy? Perhaps on your credit card, a bank loan or even your mortgage? Mis-selling
of PPI policies is very common, which is why we have established an expert PPI
Mis-selling Claims team to help you make a claim for any mis-sold PPI
policies you have.
As with many insurance schemes where mis-selling has happened, when it comes to
making a claim the process can be a long and daunting one and only 1 in 5 mis-sold
PPI compensation claims is successful.
But with our expertise offered on a "no win no fee" basis, Simpson
Millar LLP Solicitors - based UK-wide - will take the stress out of your mis-sold
PPI compensation claims process and fight for the compensation you
deserve after your mis-selling ordeal.
For a no-obligation chat call 0800 634 1629 or
complete our online enquiry form.
Mr G telephoned us in October 2009 regarding a payment protection insurance mis-selling
claim. We obtained a settlement offer from his payment protection insurance policy
provider in December 2009 of £2,800. Mr G already had a benefits package in place
at the time he was mis-sold the PPI policy. We were able to successfully argue on
Mr G’s behalf that the payment protection insurance policy had been mis-sold to
him.
You may be a victim of PPI mis-selling if:
- You were out of work, self-employed or
retired when the PPI was sold to you eg you cannot make a claim so it’s
effectively worthless
- You were forced to take out the policy to obtain a loan or other
finance – you should have been given the option to get your PPI policy from another
supplier
- You were not asked if you already had a similar policy
in place. (If you already had loans, a mortgage or other financial arrangements,
you may well have already been covered, or free to use another supplier)
- You were not told about any circumstances which
may prevent you from making a claim
- You were not informed that PPI is available from
other sources
- You paid a lump sum for the PPI without being informed that you
could pay it on a monthly basis
- You did pay a lump sum, but then paid the loan off early without
a refund of your PPI premium
- You increased your borrowing and automatically had your
PPI payments increased
- The Terms & Conditions of the policy were not clearly
explained to you
- You felt under pressure to buy Payment Protection Insurance from
your supplier
If you think you fit into one of the categories above, contact our specialist
Mis-sold PPI Compensation Claims team today on 0800 634 1629
or complete our no obligation online enquiry
form.
Mr P contacted us in August 2009 regarding his payment protection insurance mis-selling
claim against a well known high street Bank. We managed to negotiate a settlement
by October 2009 of £3,711 on behalf of Mr P. We successfully argued on his behalf
that the high street Bank had failed to advise Mr P that he could obtain a more
appropriate policy from an alternative insurance policy provider. The policy was
a single premium policy which failed to adequately provide protection to him. Mr
P was refunded £3,711 for the mis-selling of the PPI policy by the Bank.
How can I claim compensation for being mis-sold Payment Protection Insurance?
- You can try to handle your compensation claim for mis-selling
PPI yourself, but it’s a daunting task with very little hope of success.
The Financial Ombudsman Service may offer you some help; OR
- You can call Simpson Millar LLP Solicitors and talk to the team
with specialist expertise in the Mis-sold PPI compensation
claims field.
How much will I have to pay?
The charge for our extensive professional expertise and the
"no win no fee" services of a specialist Mis-sold PPI Claims team is
just 25% + VAT on any successful PPI claims.
Please note: VAT is only charged on 25% of your compensation amount for the mis-selling
of PPI and not on the entire amount of compensation you will receive. So if you
received £1,000 in compensation our fee would be £250 + VAT (£293.75)
We obtained a settlement of £4969 for Mr R for the mis-selling of his payment protection
insurance policy. We successfully argued on Mr R’s behalf that the single premium
policy was inappropriate for Mr R. The policy provider had failed to adequately
explain the terms of the policy and inform Mr R of what the payment protection insurance
policy did and did not cover.
Mrs S contacted us in March 2009 with regards to a potential mis-sold payment protection
insurance policy claim. Whilst conducting investigations into the matter, it became
apparent that Mrs S was sold a policy whereby the terms and conditions were not
explained to her and she was unaware of the nature of the policy. Furthermore, Mrs
S was also informed that her loan would only be granted if she took out a payment
protection insurance policy and that the loan would be potentially more expensive
without the policy thereby causing her a detriment. The company who sold the policy
to Mrs S offered to make a full refund of all premiums paid under the policy within
a few months of our letter of claim being sent and the matter has now been settled
for £1,888.
Mis-sold PPI Compensation Claims Experts
Freephone: 0800 634 1629 or
complete our online enquiry form
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