One of the biggest issues surrounding Payment Protection Insurance (PPI) was the lack of information provided when the policies were sold. In many cases there was a lack of proper information from banks and salespeople who failed to explain the complex terms and conditions sufficiently.
Payment Protection Insurance makes sense on a number of levels, particularly if you have fears about the stability of your employment. But in many cases, the way it was sold makes its worth questionable. The majority of cases where people may have been mis-sold PPI include issues regarding the appropriateness of the cover and the suitability for the customer’s needs at the time of sale.
When The Office of Fair Trading and the Financial Services Authority looked into a number of cases of people allegedly being mis-sold PPI, their findings altered the way in which PPI mis-selling was perceived. It alerted tens of thousands of people who felt they may have grounds for making a legitimate payment protection refund claim. The number of people making such claims has now hit a record high as attitudes towards banks and the use of PPI policies has changed radically. People are rightfully beginning to question the relevance of policies that may have been purchased years ago, as well as the means by which they were sold the product in the first place.
Financial claims specialist Brunel Franklin has helped many people throughout the UK make substantial PPI refunds and possess the experience to efficiently handle any claim.
Making a claim for a PPI refund may seem daunting at first, but the experts at Brunel Franklin can do all the hard work for you, working with you to determine if you are entitled to make a claim.
High pressure selling techniques, lack of detailed explanation surrounding the polices and a lack of transparency regarding costs are just some of the reasons why you may have been mis-sold PPI. Can you remember back to when you first purchased the policy? How clear were you on what you were actually purchasing? Did you even realise you were signing up for PPI in the first place?
If you feel like any of these questions deserve answers or you need advice about where you stand with an existing policy, you can contact Brunel Franklin for a free initial assessment today. The whole process is designed to be as simple and transparent as possible and with the added benefit of no-win, no-fee; there are no upfront costs to worry about.
Sally Bowyer, Managing Director of financial claims specialist BrunelFranklin.com says that the public are slowly becoming wiser to the tactics of mis-selling, but that a lot of the damage is already done: “It is important to realise that we may all unwittingly have taken out PPI during the years when lenders were offering a seemingly endless line of credit in the form of loans and credit cards in particular. It costs nothing to check your paperwork for insurances that you may not even know you are paying for. PPI per se is not a bad product, however the onus is on the vendor to ensure the product is the best for your needs at the time of sale. If the best product for your needs was not offered, or if you were unaware of the true cost, for example, you may have grounds for a refund.”
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