- You do not need to use a claims management company to make your complaint to your bank, and if your complaint is not successful you can refer it to the Financial Ombudsman Service yourself for free.
What is PPI?
Payment Protection Insurance (PPI) may have been sold to you when you took out any kind of Loan (mortgages, secured loans against property), Credit Cards, Store Cards, Overdrafts Unsecured Loans & Hire Purchase Agreements (cars or other purchases). It is protection insurance sold to cover your monthly payments in case you have an accident, fall sick or become unemployed.
Did you borrow money, but your lender insisted that you take out insurance cover in case you couldn't pay? This is PPI, an often expensive cover that’s meant to help you if you can't make your payments. In reality, this cover often proves to be useless when you need it. Are you paying for insurance you don’t need or won’t be able to use? If so, then you may have been mis-sold PPI.
How to Claim
Wilson Morris is no longer accepting any new claims. Should you wish to make a claim you can either contact your lender directly or for further advice please visit the FCA Website
More details of the PPI deadline can be found at www.fca.org.uk/ppi