PPI mis-selling saga and the impact of personal loans
Have you been mis-sold Payment Protection Insurance (PPI) with a loan? Do you feel your bank or lender disappointed you? Lots of people have successfully lodged PPI claims against their bank or building society while you could become one of them.
PPI is an insurance protection connected to loans and other financial products (like store cards, credit cards, mortgages and hire purchase agreements) that insures the policyholder if they cannot work as a result of accident, sickness and unemployment. PPI is contentious though, the way it has regularly been mis-sold.
Banks and building societies were fined for failing to retail these products properly and, because of this a lot of people have made a PPI claim for compensation. If you acquired a personal loan in the last 15 years there’s a fairly good chance you may have paid PPI premiums on your monthly repayments.
Lots of people are unaware their loans incorporate PPI payments and it was just an recommended extra. You didn’t need to have it but some people were absolutely unaware that this was an extra and not a condition attached to the personal loan or credit card. A great number of consumers were frequently not even advised about it, the salesperson acquire commission payments and your money could be discreetly taken away from your account without you being any the wiser. People that attempt to claim under this kind of insurance coverage will often be turned away as a result of complex small print. PPI payments can be extremely excessive and repayments can also contain high interest fees if lenders add insurance fees within the overall personal loan total.
We’re able to try and get you back money that’s rightfully yours and we can process the PPI claims without you being required to do a thing once we possess the required details. It may be valued at thousands, and don’t forget you may claim back PPI even if you have already cleared the loan. We also offer a no win no fee service so if we represent you and your PPI claim is unsuccessful, then it won’t cost you a penny.
To get more advice on how to reclaim Natwest PPI you need to head to PPI claims online for guidance on what you needs to do to claim back what is really yours.
