Loans and PPI

• Loans and PPI

Loans and PPI

Payment protection insurance is designed to cover repayments on unsecured debts such as a personal loan in times of financial hardship.

Since its introduction, more than 20 million PPI policies have been sold in conjunction with loans in the UK, generating billion of pounds worth of profit for UK banks and lenders. Unfortunately, most of these insurance policies were sold using unfair practices. For example, your lender may have misleadingly told you that PPI is compulsory when taking out a loan or a mortgage, or they may have failed to fully explain the costs of the payment protection policy. In some cases, PPI cover is even added to a loan, credit card or mortgage agreement without the customer's knowledge or consent.

Claim back your PPI loan costs today

If you were sold PPI with a loan for whatever reason, there is a chance that you may have been a victim of PPI mis selling and could stand to claim back £100s in costs.

To start your claim for mis-sold loan protection insurance simply fill out our online PPI claim enquiry form.