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PPI mis-selling scandal – how did it get this far?

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As Payment Protection Insurance is primarily in place to make sure consumers can repay their loan if they become unexpectedly unemployed or their income drops, it is incredible that a large number of people that were persuaded to purchase PPI were unemployed.

It is a simple fact that if you were unemployed then you were not eligible to receive the product in the first place.

Pensioners have also been mis-sold PPI despite it not being applicable to them as they generally do not have an income of any description which requires protection.

In a similar way, students have been victims of mis-sold PPI as the majority were not in permanent full time employment when receiving the product.

PPI was not only mis-sold to the unemployed, pensioners and students though. Numerous members of the UK population involved in other circumstances were also duped into buying the policy.

What can I do if I have been mis-sold the product?

PPI has been mis-sold to people in an alarming amount of different ways. If you are unsure whether or not you are entitled to make a claim for PPI compensation, it could be worth contacting a specialist who can take charge of your claim.

PPI claim specialists are armed with experience of the unique product and how it was mis-sold to people

They can ensure that any claim which you process adheres to all necessary legal and procedural requirements. This ensures that any compensation which you may receive will not be compromised down the line by issues with your overall claim.

Using a claims specialist could be the difference between a successful claim and one that falls short of the mark.


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