Obviously, the real information about all the mis sold PPI will never be known. Very often people pay the mortgages without knowing they bought PPI. Others will never suspect their PPI insurance has not been adapted to their needs and the claims they made were doomed to failure. This is a classic case of being mis sold payment protection insurance.
As usual, the offer to get 10% discount on your purchase is too tempting to ignore. Before you realized it, you signed a store that charges you a fee each month for PPIs, if you even don’t use it. The seller forgot to mention you about this because he was so busy in the store that day. You have been mis sold PPI by a sales assistant without a necessary financial experience.
Many long-term loans are combined with PPI policies. A loan is usually taken for five years, so if you’re interested you need PPI for the duration of a loan. Your lender must explain this limitation. If they do not or they have assured you that the policy will suit the duration of the loan and it is not, you were mis sold PPI
People who were unemployed at the time the payment protection insurance was withdrawn will not be able to ask, will not be a person who is a student. Often, even working part time would be sufficient to automatically exclude the claim. The vast majority of PPI policies pay only when you were laid off from a full-time position. If you were sold a PPI when you were a student or have no work, this is one more case of mis sold PPI.
If you had a health problem when you bought the insurance that might prevent you from working, you must have been told that insurance was unlikely to be appropriate for you. If you were not informed about this, you were mis sold PPI.
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