If you are thinking of making a claim for compensation believing
that payment protection insurance (PPI) was mis-sold to you, there
are some key facts that you need to know.

1. Providing proof
As per consumer and financial laws in the UK, as a customer, if
you believe that a financial product has been mis-sold to you, you
will need to provide 'proof' that this was the case.
In the case of PPI, it has come to light that there are many
reasons why PPI was mis-sold to customers:
- Terms and conditions are not explained clearly
- Exclusions were not made obvious to customers
- Customers were told or given the impression it was
compulsory
- Some people were advised to buy PPI but were unaware of why it
was the right policy
- Many people felt pressured into buying PPI
- Other customers felt that their application for a loan etc.
would not be successful unless they bought the policy
- They were over the age of 65 years when it was sold to
them
- They were self-employed
There are other reasons too, all of which Payment Protection
Scotland can talk through with you when you call them.
2. Within the deadline
The PPI deadline of August 2019 is only a few months away. If
you were mis-sold PPI before summer 2017, you have until
29th August to lodge your complaint or face missing out
of thousands of pounds compensation.
There are other deadlines too. If you received a letter from
your bank or lender telling you that you may have been mis-sold
PPI, you have three years from the date of the letter to make a
claim. If you have received a letter, you MUST act because by
writing to you, the bank is more or less telling you that you have
PPI - and that there could be a heap of cash with your name in
it!
3. Do it yourself or get professional help
Not everyone is a fan of claim management companies, believing
that they charge huge fees for something that customers can do
themselves.
You can defend yourself in a court case but most people choose
to use an expert solicitor. So when it comes to PPI claims, why not
use an expert and reputable claim management company such as
Payment Protection Scotland?
Can Payment Protection Scotland help you?
With a high success rate, we put our success down to the
rigorous assessment process that we have. We examine every case in
detail, ensuring that we gather as much information as we can from
you in order to create a case that the bank or lender will find
hard to refute.
We are successful at what we do and we can help you too - call
us now to find out more!