Money Matters West Ltd | Looking for debt advice in Bristol, North Somerset or Monmouthshire?

Money Matters West Ltd

call now on 01275 338057

'I was made redundant after working for 13 years. With a large mortgage, various loans and other commitments I soon found myself in serious trouble. Within 5 minutes of meeting Clive I felt as though a huge weight had been lifted off my shoulders. He instantly put me at ease that my problems could be solved, including the threat of my home being repossessed. It was a huge relief, even just after one meeting.
E. M.

PPI Claims Management

According to Which' Guide, around 2 million PPI policies have been mis-sold by finance firms and advisers.

If you've taken out a personal loan, credit card or even a mortgage with a PPI policy, it's worth investigating whether it was mis-sold to you. If so, you could be entitled to compensation.

Call 01275 338057 for a free, no-obligation consultation.

  • Free, no-obligation consultation*
  • We'll write to your lender for contracts
  • We'll liaise with solicitors for you
  • No win, no fee
  • 25% success fee

You will have nothing to pay unless your claim is successful.

*We charge a £10 fee for data-protection services.

We offer a no-win, no-fee claims service.

What is Payment Protection Insurance (PPI)?

PPI covers the cost of personal loan repayments or minimum monthly credit card payments if you are too ill to work or are made redundant.

Unfortunately, PPI policies are full of exclusions and are very poor value. In 2006 the Office for Fair Trading (OFT) found that only 20% of the money collected in premiums is ever paid out in claims (compared with say car insurance at 82% and medical insurance at 80%).

And millions of them have been sold inappropriately or 'mis-sold' to people who already have better cover in place. Many felt that PPI was a condition of their loan.

If you've been mis-sold a PPI policy with a personal loan, credit card or even mortgage, you may be entitled to compensation.

If not, you may wish to consider cancelling or swapping your PPI cover for better protection.

How can I tell if I've been mis-sold PPI?

Finance firms are required to follow clear rules when selling PPI policies. If these guidelines were not followed, you may have been mis-sold the policy. For instance:

Was it made clear to you that the insurance was optional?

Were the exclusions in the policy made clear to you?

If you took a loan or financial agreement, did they tell you that you'd have to pay in one single payment (a single premium PPI)?

Did they advise you that the single payment would be added to your loan and that interest would be charged on it?

Did your lender make it clear that your policy would run out before your repayments were complete? Most single premium PPI insurances last for 5 years.

Did they advise you that you'd continue to pay interest on the insurance premium, after the policy expired?

There are, in addition, many tactics a provider may have used to sell a PPI that are against the rules of selling.

What can I do if I think I've been mis-sold a policy?

At Money Matters West Ltd we offer free PPI claim consultations, with a no-win, no-fee claims service. Call 01275 338057 for more information.

We'll do a full fact-find to establish whether you were mis-sold a policy, and liaise with the lenders and your solicitors for you.

If the claim is successful, we charge a fee of 25%.

If you were not mis-sold PPI, we can help you cancel your protection and put in place better cover with alternative protection insurances.