Payment Protection Insurance (PPI) Solicitors
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If you took out loans in the last 6 years and then lost out after being mis-sold Payment Protection Insurance (PPI), then you will need Independent and unbiased professional help in claiming compensation.We understand how inconvenient and time-consuming it can be for you to take on the biggest insurance companies and their retail partners.
Right Solicitor will help you find the right lawyer, who will make sure your voice is heard quickly and that you receive the maximum compensation PPI is a form of protection for the borrower in the event of illness or unemployment whereby the repayments will be covered by the policy and is normally offered at the time of taking out the loan.
The loan may have been in the form of a mortgage, personal loan, car finance or credit card.
Other issues with PPI include the following:
PPI are sold to people even though they will not be able to claim on the policy because of health problems or because they are self employed, which are common grounds for refusing payment under the policy.
PPI can be very expensive and can often amount to over 40% of the value of the loan but this is rarely ever explained to customers or inform the customer of their right to look elsewhere for a cheaper product.
PPI can be added to a loan without the customer's knowledge or consent.
Customers are regularly informed that they must take PPI out as a condition of the loan and are led to believe that their application will be refused without it.
