Have you been mis-sold payment protection insurance on a loan? If you want to make a claim, our Bolton PPI solicitors can help kick-start the process.
If you've taken out a loan, mortgage or credit card in the last six years, you may have been mis-sold payment protection insurance as part of the deal. Sometimes referred to as "PPI" or "loan protection", payment protection insurance covers your loan or debt repayments should you fall behind in your repayments due to a change of circumstances such as illness or job loss through redundancy.
Although the policies are legitimate, you may have been mis-sold if:
You didn't realise that you were taking out a policy; it was added to the loan without your knowledge
You were told PPI was compulsory and that you could not take out a loan without it
The policy was not suitable for your needs and would not have covered you in the event of a claim
The policy was taken out while you were self-employed or not working
The policy was not described to you properly and did not cover what you thought it would
If you want to make a complaint, our Bolton PPI solicitors can assess your claim and seek compensation on your behalf. If successful, you should be entitled to a refund of the payment protection premiums you have paid out, plus any interest that you have paid. Although the refund is usually paid direct, if your loan is in arrears, the lender is entitled to apply the refund to the loan to reduce the balance.
To speak to one of our Bolton PPI solicitors, call us on the number below.
National Solicitors
0345 603 0708
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