PPI -Was I Mis-sold PPI – Was I Mis-sold?

If you are self-employed it is extremely likely you were mis-sold your protection insurance.

As every self-employed person knows, it is more difficult for them to obtain a home mortgage or automobile loan. Lenders frequently indicate such income is unpredictable whilst employment income is more stable.

For self-employed persons, mortgagors, vehicle lenders and credit card companies universally require PPI.

For this effort they receive a healthy profit. No matter how they word it, if this insurance was necessary to receive the credit you requested, you were being mis-sold.

Was this insurance combined in lengthy credit agreement stipulations but not pointed out to you? If the additional costs were not disclosed and enumerated, you were mis-sold. Were you advised upon taking out your loan that you were at liberty to refuse the insurance or obtain it elsewhere? If not, you were again mis-sold.

Providers of insurance say it is “essential for the self-employed.” They claim relying solely on income without unemployment or sick pay benefits leaves one only the dole. They state PPI are “designed to protect your standard of living.” When articulating “needs” they neglect to explain the extreme exclusions and restrictions for self-employed people to receive any compensation whatsoever. In addition to being mis-sold PPI , this can also amount to fraud.

It is Possible To Claim Back All Your  PPI Yourself. Just Take A Look HERE.

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