Payment protection insurance is now recognised as to be the biggest mis selling scandal of all time with approximately 64 million* PPI policies having been sold by lenders since 2001. Banks have set aside close to £20billion to cover the cost of mis sold PPI claims and there is now speculation that lenders have been short changing PPI clients and even hiding PPI policies.
There are many ways the banks mis sold payment protection insurance including:
The financial claims department at GWlegal is made up of solicitors and legal advisers dedicated to helping customers reclaim mis sold payment protection insurance (PPI) by their lender.
We have assisted thousands victims of mis sold payment protection insurance and, to date, have recovered over £60m in compensation for customers mis sold PPI by their lender when taking out a loan, credit card, store cards and even car finance.
In order to help you recover everything you are owed, we will pay for a Subject Access Request (SAR). This allows us to check all your financial agreements for any outstanding PPI as well as investigate any other financial products which may have been mis sold, such as packaged bank accounts.
It is worth contacting us even if you have already reclaimed PPI; it’s now clear that up to 2.5million claims were wrongly rejected or under-compensated while lenders miscalculated charges triggered by PPI premiums on thousands of other claims. This means those already compensated could be owed much more.
We work on a no win no fee basis so it costs nothing to see if you have a claim. If we are successful our fee will be 33% plus VAT of each sum proposed by the PPI Company to settle each claim for mis-sold payment protection insurance.
*Based on recent reports