PPI Compensation Claim

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PPI, or Payment Protection Insurance is a form of protection commonly offered at the time of taking out a mortgage, loan, car finance or credit card. It is intended to offer the borrower protection so that in the event of illness or unemployment, repayments will be covered by the policy.

However, the many issues with PPI include the following:

• The cost of PPI is often overpriced and customers are very seldom informed of their right to look elsewhere for a cheaper product.
• Many people are sold PPI even though they will never be able to claim on the policy. It is common for people to be refused payment due to previous health problems or being self employed.
• The full cost of PPI is rarely explained to customers and can often amount to over 40% of the value of the loan.
• PPI can be added to a loan without the customer's knowledge or consent.
• Customers are regularly informed that they must take PPI out as a condition of the loan and are led to believe that their application will be refused without it.

The Citizen's Advice Bureau have labelled PPI a "protection racket". Some insurers have recently faced huge fines because of the way they mis-sold these policies.

Call Avalon Solicitors today on 0800 050 1222 to register your claim.