Millions of people in the United Kingdomhave been mis-sold PPI protection.
PPI protection is insurance that is applied to credit cards, loans and home mortgages. If you are unable to work, a PPI will take over payments for you.
There are several ways PPIs were mis-sold. If you purchased your PPI protection online, the company may have been using a pre-ticked box. In these cases, the customer would need to opt-out instead of opting in. If you purchased your policy before July of 2007, make sure you opted out. When purchasing your PPI protection on the phone or face to face, the agent should have explained the protection thoroughly. The agent should have gone over the terms and conditions. Also, they should not have sold you more protection than what is needed. All of these scenarios can lead to PPIs being mis-sold. If you fall into one of these categories, you may be able to reclaim your PPI premiums.
For More Information On PPI Go to PPI Freedom