Payment Protection Insurance (PPI) Issues

Payment Protection Insurance (PPI) covers a number of policies widely sold by banks & credit providers as an add-on to the loan but created issues by mis-selling

PPI policies have been around for many years. Recently it was discovered by Financial Services Authority (FSA) that regulates all financial services in the UK that mis-selling of PPI was widespread, and in many forms.

Many people found they were paying into a policy but were not aware of it. The lender did inform the need for PPI and made it appear they were obliged to take out a policy with them. The consumer in fact had the right to shop around for a cheaper deal, yet this was not informed and clarified. People have been paying unnecessarily for PPI policies for several years.

The media started highlighting Mis-selling of PPI and the consumers started claiming back unfair fees.

Understanding Payment Protection Insurance could help you to claim compensation. You may a right to claim compensation for unfair PPI fees.

1. Have you in the past few years taken out:
A. Loan
B. Mortgage
C. Credit Card
D. Credit Agreement

Please read your documents thoroughly to check if you have been paying into PPI policy.

2. If you have the PPI policy ask yourself:
A. Are you aware you have the PPI policy and having been paying into the policy?
B. Were you adequately informed?
C. Were you explained that you could shop around for the policy?

There are many firms and specialist solicitors who now offer their services to claim compensations.

Always look for a firm that offers a ‘no win no fee’ deal in which you pay a fee only if you are successful with your claim. is not authorised to give advice under the Financial Services and Markets Act 2000. The general information and material provided and published on this website is for interest, understanding and for common knowledge purpose only. The details provided should not be taken as any kind of advice and cannot and should not be used to solve any kind of financial problems. You must take proper advice from authorised firm or financial advisor. We do not recommend or endorse any kind investment, advisor, product or services. We do not offer or imply any kind of advice, financial or legal. It is your responsibility to take appropriate action suitable to your needs.