You could be owe thousands of pounds because of a mis-sold PPI policy. The latest in PPI news is that billions of pounds have already been claimed by people just like you.
People took out PPI when they took out a credit card or a poor credit loan from a bank. This was sold to them by the bank and would have seemed to be in their interests at the time.
The bank might have told you that the insurance would help you out if you ever became ill and were unable to make your repayments, or if you unexpectedly lost your job and were unable to make your payments.
What they might not have told you, was that you were making the payments when you would never be able to make a claim. If you took out the policy when you were unemployed or had a long-standing medical condition, you were paying for a service that would never help you.
If you were told that the PPI was a part of the credit agreement and you have no option but to take out the insurance, then you were tricked into buying PPI and it was mis-sold to you.
You might not have been told about the policy at all. You would have got your monthly statement through and seen that you had been charged for this PPI thing. If you were not even told about the policy, then you were mis-sold PPI.
There are a lot of cases of PPI in the news because the policy was sold to millions of people who were not eligible to make a claim or who did not want the policy. This mis-selling has backfired on the banks and they are now having to repay customers.
If you were mis-sold PPI, you should check your monthly statements and see how much you could claim back from the banks today. The entire process is quick, simple and easy to complete online.