The UK is in the grip of a financial mis-selling scandal concerning payment protection cover – otherwise known as “PPI”. This cover is added as an insurance bolt on to loan and credit card debts that borrowers accrue. The insurance whilst perfectly viable is prone to overcharging and in many instances has been completely missold to individuals who could never benefit from the insurance given their circumstances.
This cover is ideally suited to people who are in employment and through no fault of their own end up out of work. It follows that the cover is not suited to those who are self employed or already suffer from illness or ailments. However many thousands of people in this group were coerced into buying the cover. Many Polish nationals have wrongly assumed the cover was conditional upon them agreeing to the loan / credit card. This has never been the case.
For more advice on PPI compensation claims speak to a solicitor specializing in financial misselling cases
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