Installment Protection Insurance (PPI) was an item intended to cover your reimbursements on Loans, Credit Cards, Car Finances, Mortgages or Store Cards and Catalogs on the off chance that you are unfit to work because of a mishap, disease or excess.
Upwards of 64 million PPI policies1 have been sold in the UK somewhere in the range of 1990 and 2010, yet it was frequently mis-sold.
More than £34bn2 has just been paid back to individuals who have griped about the closeout of PPI.
Grievances about PPI have recently been made about the manner in which the PPI was sold, yet following an ongoing change in protests taking care of direction there is additionally motivation to whine if the Bank or other supplier earned an abnormal state of commission from the clearance of PPI, which clients were not told about at the season of offer.
According to the Regulator3, the following are just some ways PPI could have been mis-sold:
There may be other reasons you were mis-sold PPI.
New reason to complain
The changes to the complaints handling guidance, were a result of a court case about commission earned by a provider (often called Plevin), which means you may now also:
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