High Sierra Investment

If you have taken out a loan or credit card in the last six to ten years, you might have been mis-sold ppi and not been aware of it.  Many of the folks who were mis-sold ppi may have been sold their insurance policies under a several name.  Here are some of the most typical names under which you may have purchased a policy and for which you may be able to obtain a substantial refund.

Accident Health issues & Unemployment Protection or ASU insurance policy are policies typically sold alongside mortgages or more substantial loans and claim to cover your payments after you become not able to work through unemployment, injury or long term illness.

 However, loopholes usually mean that the promised tax free monthly payment fails to materialize when the most severe thing takes place.  For example, the small print normally excludes pre existing and recurring medical conditions, whilst stress and back problems, which are the two most popular factors behind absences from work, are often not covered.  If you are sold a policy that excludes circumstances you already have, this can be classed as mis-sold ppi and you may be capable of refund the money that you paid for the premiums of the policy.  You also have a mis-sold ppi policy if you were independantly employed, retired, on benefits, a student, jobless throughout the purchase of the product.  You may probably have to stop trading completely in order to make a claim for a mis-sold ppi policy.

Personal Loan Protection or PLP is probably the most typical forms of payment protection insurance and even one of the most expensive forms of insurance policies.  This sort of insurance may be sold alongside almost any loan, whether secured or tied to an asset, such as your property or unsecured.  Generally, people take out this sort of insurance coverage when creating a serious purchase such as a car, a new kitchen or renovation of your home or it may be offered alongside a credit card or store card.  Actually, you might not have any idea you agreed to this sort of insurance, but could be paying premiums regardless.  The sad fact is that the insurance may vastly increase the amount you owe for one loan, and the payment protection insurance premiums add 25% to 50% of the full loan.  If you wer not aware of the fact that you even had the policy with your loan, or you are not made aware that it is not compulsory, mis-sold ppi may be considered when this happened to you.

If you think maybe you’ve been mis-sold ppi by your bank or lender, you can make reimbursement of your money you paid for the premiums, as well as interests.