The PPI Judicial Review says that banks are going to have to consider past sales of Payment Protection Insurance (PPI), whether or not consumers have complained, to decipher whether or not it was mis-sold.
Reclaim your PPI
If you've taken out a loan, credit card or mortgage in the last 10 years, you may have been mis-sold PPI.
Lloyds, RBS, Barclays and HSBC have admited that PPI has been missold and have put £5bn aside to compensate PPI customers.
What is PPI?
Payment Protection Insurance (also called PPI) is a very common financial services product attached to insurance policies.
It is a form of insurance cover sold with mortgages, credit cards, personal loans and other products.
What is PPI used for?
Payment Protection Insurance is supposed to cover the borrower if he or she is unable to meet repayments due to unexpected circumstances.
The reason why a consumer could claim their PPI back is if they feel they were mis-sold the product.
How was PPI mis-sold?
Most people aren't aware that they have PPI. It is often added without the knowledge of the borrower and should protect them if they lose their job because of an accident, illness or redundancy.
Unfortunately when it comes to making a claim, most borrowers find that 'the small print' contains many exclusions that make the PPI cover worthless!
How can I get my money back?
Most people aren't aware that they have PPI.
It is often added without the knowledge of the borrower and should protect them if they lose their job because of an accident, illness or redundancy.
Unfortunately when it comes to making a claim, most borrowers find that 'the small print' contains many exclusions that make the PPI cover worthless!
| Woman receives huge PPI payouts - Wed, 16 May 2012 |
| Tax worries for PPI claimants - Mon, 14 May 2012 |
| Financial Conduct Authority targets PPI companies - Thu, 10 May 2012 |
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