Fight Back Against the Credit Crunch
and Reclaim What's Rightfully Yours!

Can I Claim?

There is a good chance that you can make a successful reclaim providing you can prove that your policy was mis-sold. Listed below are the main areas of mis-selling, if any of this applies to you then you have a good chance of being able to reclaim:

General Mis-selling

One of the most common causes for complaints is that pushy sales people state or imply:

  • PPI is compulsory
  • Taking out a policy increases the chance of being accepted for a loan
  • It allows for a better interest rate

If it was not clearly explained that you were buying insurance, or the cost of it, you have a case for mis-selling.

Employment Status

If you were sold insurance to cover you in the event of unemployment but you are not an employee, then the insurance is not fit for purpose. If any of the following applied to you at the time you were sold the policy you may be entitled to reclaim , so if you were:

  • Due for retirement
  • Planning to return to full time education
  • Aware that you were going to be made redundant
  • Due to give up work for maternity leave/to have a baby
  • Work less than 16 hours per week
  • Employed on a temporary contact

Age

There have been many cases of PPI being included with loans where the applicant is too old for the cover provided. Many PPI policies have an upper age limit of 65 or 70. If the sales person failed to check then this is almost certainly a case of mis-selling.

Medical Conditions

If PPI is bundled with a loan you should have been asked questions about suitability. If you were unaware the policy could be affected by medical conditions or you were not asked about your medical history, then any claims based on an existing medical condition could be rejected. This is a classic case of mis-selling.

For example anybody who has had back problems in the past, would not be covered for loss of earnings resulting from back problems in the future.

Sick Pay

If your employment contract entitles you to sick pay that will cover you while off work, then you did not need PPI, therefore you are entitled to a reclaim.

Single Premium Loan Policies

This is where you are charged for the full price of the PPI at the start of the loan agreement and premium is added to the loan. Nice touch, eh. Why allow you to pay-as-you-go when they can get you to pay up front and charge you interest on top!

You are charged PPI for the full duration of the original agreement. However, if you settled the loan early, you should be able to claim a refund to cover the period for which you've pay up front, but don't need.