PPI (payment protection insurance) is an insurance product sold alongside your loan to cover your monthly payments in the event that you become sick, unemployed or suffer an accident.
If you have ever taken out a loan or a credit card then there is a good chance you were sold Payment Protection Insurance (PPI) to cover you in the event that you are unable to meet your monthly payments. In theory, PPI seems like a useful product, however, in practice, PPI is often miss sold and many people are unable to make a claim on the policy due to exclusions and clauses.
PPI has generated high profits for the banks and they have been known to use high pressure and unethical techniques when selling this product to you: leading to high levels of mis sold payment protection insurance. In many instances of mis sold those who have been sold PPI don't actually need it, it may never pay out when you do need it or you could have existing cover already e.g. sick pay through your employer. You may not even be aware that you have PPI.
At Donns LLP we take on some of the biggest financial institutions who have mis sold payment protection on your behalf to ensure your payment protection insurance claim is successful, and you can claim back the money you deserve.
Start your PPI claim today.
