When planning how to make repayments on a credit card, mortgage or bank loan, it is vitally important to make sure you can be consistent by creating a repayment structure which means you never fall behind. However, sometimes ill health or sudden unemployment can impact on such a structure and have debilitating consequences for your general finances. Payment Protection Insurance (PPI) guarantees against such problems affecting your repayments for a certain period, offering crucial peace of mind during a difficult period.

There are, though, a number of scenarios where PPI will not apply to someone’s individual requirements and is therefore not necessary. This has not stopped many thousands of PPI policies being sold when they were not needed – and Brunel Franklin can help.

Specialists in handling PPI issues, Brunel Franklin can help to determine whether you have been mis-sold a policy and what steps to take if you need to reclaim those charges. There are a number of reasons why PPI may have been mis-sold. There are even a number of reports of cases emerging where policies were mis-sold without the individual being aware of PPI being included when they were applying for their loans or credit cards.

All of these cases represent examples where PPI was not sold in the correct manner, and where the consumer may be entitled to claim a refund. If you feel that you may have perhaps purchased the policy without a true understanding of what it was, contact Brunel Franklin to see if you can reclaim the money you have paid out already.

The amount of registered payment protection claims has grown rapidly over the last 5 years. Since a complaint was launched by the Citizens Advice Bureau in 2006 regarding PPI, the issue of mis-selling has become increasingly prominent. Established financial institutions such as the Office of Fair Trading and the Financial Services Authority carried out their own investigations and confirmed they felt the problem of PPI policies being mis-sold was an increasing concern. When organisations such as those mentioned above become involved, it indicates the severity of the problem, and also how seriously people have been taking the issue for some time.

Sally Bowyer, Managing Director of Brunel Franklin said: “Everyone accepts that banks provide a valuable service and are entitled to make fair and reasonable charges for services. But people shouldn’t be sold PPI without being furnished with the full facts. PPI mis-selling cases serve as timely reminder of how careful we all need to be when taking out new loans and other credit card agreements.”

Learn more about PPI refunds and find out if you could apply for a refund today! Visit the website www.brunelfranklin.com or call Brunel Franklin, free, on 0800 051 54 51.