Reclaim payment protection insurance back for free

Mis-sold payment protection insurance (PPI) can be claimed back with no cost attached

12:24 14 November 2012

Forget those no-win, no-fee deals, if you were mis-sold payment protection insurance (PPI) there’s a way you can claim this back for free.

 

It’s advisable that those people who have had a loan or credit card, an overdraft or car finance, should check their policies to see if they were sold PPI incorrectly.
With the authorities demanding that banks re-pay this, be aware of the case for PPI.

 

What is PPI?

 

Payment protection insurance. It is sold with certain policies to assist with repayments if there was to be a problem.

 

How was PPI mis-sold?

 

A customer was unaware they had signed up for it, or they were not sure what PPI covered. Some have even been informed that PPI was necessary to get a credit card - according to MoneyAware - or a claim had no chance of being successful due to the policy.