With a little less than 2 years left in which to claim back mis-sold PPI act now!
When I took out my first bank loan I was told that I couldn’t have it unless I took out the payment protection policy and not understanding what my legal options were, I agreed to take it out!
This practise was not unusual so why did banks and building societies press their customers to take out these unwanted policies? It would appear that the member of staff was given a bonus for each policy that was taken out so there was a real incentive for them to insist that customer agreed to take them!
The banks and building societies were not alone in this practise as many high street electrical suppliers were also similarly ‘encouraged’ to take out unnecessary extended warranties!
However the banks have accepted that they were wrong to pursue these practises and have been repaying their customers for the mis-sold policies.
Do you remember taking out payment protection that you didn’t need or hadn’t been fully explained to you? If so contact Compi Claims today on 01942 619911 or by email at firstname.lastname@example.org and we can advise you what your options are.
Remember by not acting now you are still letting the banks win!