Finance Center

Payment protection insurance was originally conceived to help protect the customer in the case that they should for some reason be unable to meet their loan repayment commitments. Circumstances such as losing your job, poor health and other unexpected circumstances could lead a person to have a genuine right to make a claim for protection. The protection was often miss-sold and not in the customers best interests which is why so many people are able to make payment protection insurance claims. Sure indicators that you have been miss-sold payment protection include:

ü  The costs were not explain the costs to you

ü  Being sold payment protection insurance when under certain employment categories

ü  The protection insurance did not cover the full period of the loan

ü  Being sold payment protection with certain pre-existing medical conditions

ü  Being unaware that you were sold payment protection at all

ü  Being pressured into purchasing payment protection or not being made aware it is optional

Can You Make A Claim?

Many people who are successfully awarded compensation were not even aware that they were able to make payment protection claims at all. If you get into contact with an expert who knows what they are doing they might be able identify that you are able to make a claim when you were not aware yourself.