PAYMENT PROTECTION INSURANCE (PPI)
‘the latest financial mis-selling scandal’

Payment Protection Insurance (PPI) is sold to people with personal loans, mortgages and credit cards with the promise of peace of mind and reassurance that credit or mortgage payments will be covered if their personal and financial circumstances change for the worse.

The reality is that mis-selling has been so widespread that the Citizens Advice Bureau made a ‘supercomplaint’ to the Office of Fair Trading who, in October 2006, also referred the troubled industry to the Competition Commission.

*You may have been throwing your money away on PPI on      loans and credit cards – ‘the Citizens Advice Bureau.’

• In October 2006 the Financial Services Authority judged that there were serious failings in the way PPI was sold.
• More than £10 billion of policies have been sold and as many as 30 million policy holders may have a claim for compensation – ‘the Citizens Advice Bureau.’
• Major companies such as CAPITAL ONE and LOANS.co.uk already fined for mis-selling.
• It’s an incredibly successful £5bn per year industry with 20 million customers. Consumer watchdogs have called it ‘a protection racket’ and you may have been a victim – ‘BBC Money program.’
•  For every £1 paid as a premium, PPI schemes were paying out just 20p in claims – ‘BBC Money program’
• PPI’s have been sold to people who can never qualify for a claim, e.g. retired, unemployed, self-employed.
• PPI does not come cheap. Premiums can be as much as 56% of the amount loaned.

IF YOU HAVE TAKEN OUT ANY OF THE FOLLOWING:

Car credit
Personal loans
Credit cards
Mortgage
Store cards
and you are paying for Payment Protection Insurance

"YOU MAY HAVE BEEN ‘RIPPED’ OFF!"

HOW CAN DAY COOPER ADAMS HELP?

On a 5 year loan of £5000 sold two years ago the refund could be around £1800 – for a loan of £20000 the amount would be in excess of £7000.

By careful consideration of the circumstances surrounding the sale of a policy our senior claims advisors can provide FREE advice on whether a client has a been subject to mis-selling and is therefore entitled to claim back their premiums plus interest.

DONT WAIT – 'CONTACT US TODAY BY COMPLETING OUR 30 SECOND TEST' – EVERY DAY YOU DELAY COSTS YOU MONEY.