You may have seen in the press various adverts and features suggesting that you do not have to pay back loans or debts on credit cards. Whilst in some limited cases that may be true for most of us the fact is if you run up a debt you have to pay it back sooner or later.
However, what is now becoming clear is that in many cases where someone has taken out a loan or purchased an item with the seller’s helpful loan arrangements, a payment protection insurance (PPI) policy was also taken out. Often people feel that they cannot have the loan if they do not take the insurance as well but that is not the case. There are often genuine reasons for taking out a payment protection policy but equally there are many cases where it was not necessary or even if you wanted the policy it was not appropriate to sell it to you because of your age, or employment status or some other reason. Often the policy is paid for upfront and loaded with interest as part of the loan so that even if you claimed you could never get back as much as you would pay over the life of the loan.
If any of the above sounds familiar or you believe that you have been treated unfairly (and the above are just a few examples of mis-selling) please contact us to see if you can make a claim. You may be able to claim back the full amount of the PPI paid and interest. Please contact us on 0161 431 3136 or use the Online Enquiry Form page on this site.