Payment Protection Insurance, often abbreviated to PPI, is a product supposedly designed to protect consumers in the event that they are unable to maintain credit repayments, in certain specified circumstances. Generally, the PPI would be relied upon should you lose your job, or have time off work due to injury, or ill health.
In a large number of cases we have seen that brokers, and sales advisors at the banks, have given you incorrect advice so that you would take out PPI. They often did this, and mis-sold PPI to you, because they made money from you in the form of commission, not because it was suitable for you.
We can help determine whether or not your PPI policy has been mis-sold, which is the key to obtaining a refund from your creditors. Get in touch – you could be owed £thousands!