19Jun/110
Consumer credit act claims
Were You Mis-sold the PPI on your Loan or Mortgage?
You could have been if:
- You were told the wrong thing
- If you were sold the wrong thing
- The products were in any way mis- represented
- If you were unemployed or a student
- If you were self employed
- If you were retired
- If you were reaching retirement age
- You were told payment protection insurance was compulsory
- If had other protection policies in place when you took out the loan
- If you were a public services employee (nurse/police/fireman etc)
- If you were not made aware that you had taken out the PPI policy when you took out the loan
If The Salesperson:
- Did not make it clear the Payment Protection Insurance policy was optional
- Implied or stated the loan would be more expensive if you didn't take the insurance
- Implied or insisted you take out their policy to qualify for the product or help with your application
- Was very pushy when selling the product so that you felt you could not say no
- Would not let you continue with the loan application if you did not sign the insurance agreement as well
- You made the salesperson aware of your situation and they suggested "you get it anyway"
- You were not asked about your employment status at all
- Failed to consider your age (Most polices have an upper age limit of 65 or 70)
- Did not discuss pre- existing medical condition.
- If you suffer from stress.(it's unlikely that you would be successful with your PPI claim if you suffer with stress).
- Did not make you aware that the PPI policy did not cover the life of the loan
The above bullet points cover the more common forms of Mis- sold Loans/ PPI, however there are more complicated forms of mis- selling such as incorrect document wording, signing documents on the wrong premises, and many others. In order to ascertain this, our solicitors or elected representatives will need to obtain a copy of your original credit agreement.
In any of the above points you could Claim Back PPI