Are You Owed PPI Compensation for Insurance You Did Not
Need?
Were you required to buy PPI coverage when you took out a
loan? In some situations payment protection insurance can be
required, but in other cases it became a case of lenders seeking
an added...
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Are You Owed PPI Compensation for Insurance You Did Not
Need?
Were you required to buy PPI coverage when you took out a
loan? In some situations payment protection insurance can be
required, but in other cases it became a case of lenders seeking
an added income stream which was not justified.
If you were
misled into buying the PPI coverage you may be due PPI
compensation to offset the unnecessary expenses.
Who Really Needs PPI Insurance?
PPI Insurance is usually required in situations where there is
higher risk of repayment due to health conditions, age, employment instability, and other contributing
factors.
In many cases in recent years borrowers were required, or pushed, to buy PPI insurance even
though their credit history was good and their overall risk factors were very low.
In these cases the
lender often pressured the borrower to buy the insurance and put time constraints on finishing
paperwork in order to force a decision.
If you feel you were possibly misled in these way
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