>PPI Mis Selling Reasons

Employment

There are a number of mis-sold policies that feature around your employment status. You could be eligible if you were:

  1. Unemployed
  2. Working as a Temporary worker
  3. Working as a Contractor
  4. Retired
  5. Working Part time
  6. Self Employed

In these cases, your policy wouldn’t cover you.

Forced PPI Selling

  1. In instances where you were forced to take on PPI, you should have a case for a claim. You should check:
  2. If they old you the Policy was optional
  3. If they didn’t  tell you about any cooling off period or a cancellation date.
  4. Suggested, directly or indirectly that the loan / card / mortgage / credit card etc would cost more if you don’t take out payment protection insurance.
  5. Suggested, directly or indirectly that you couldn’t qualify if you didn’t take out Payment protection with them.
  6. Aggressive selling – when taking out a loan or a card when yu are stressed, sometimes you don’t have the will to fightback when they push other unexplained products – if you felt that they were pushy when selling you the policy, you may have a claim.

Health Medical Reasons

If you had a serious health issue when you took out your policy, the PPI could have been missold to you.

If, when applying, you weren’t asked if you have had any illness, accident or other treatment which resulted in you being off work, then you may have a claim, as most insurers do not cover pre-existing conditions.

Single Premium Loan Policy

If you were charged a lump sum at the start of your loan, bundled in as part of your borrowing, and at a later date you paid off or changed your loan details, you could be eligible for a part refund.

 

 

Further Help

Citizens Advice Bureau

Citizens Advice Bureaux give free, confidential, impartial and independent advice to help you solve problems. To find your nearest CAB, including those that give advice by e-mail, search for your nearest CAB, or look under C in your phone book.

Financial Ombudsman

Consumers may prefer to contact the financial Ombudsman consumer helpline on 0300 123 9 123 for guidance on the procedure for complaining about payment protection insurance (PPI).