Are You A Mis Sold PPI Victim?
The policy is meant for the protection of customers who fall gravely ill, are made redundant or are involved in a serious accident, situations that would prevent them from earning an income which would enable them to make repayments on credit cards or loans.
With an estimated 20 million PPI policies in the UK critics say that mis sold PPI is greatly overpriced and difficult to make a claim on. This prompted the FSA to take strict action against institutions and lenders found to be guilty of mis-selling PPI.
“PPI is and will remain a top priority for us and is one of the largest regulatory investigations we have ever mounted.”