PPI Claims – Leicester, UK
Maple Leaf Financial have a specialist team of solicitors dedicated to dealing with the mis-selling of payment protection Insurance (PPI) products by the banks in Leicester. We are happy to review these PPI products and to claim compensation for our clients where appropriate.
We will work with you to ensure that you get the correct PPI settlement or refund and any and all fair compensation that may be due to you as a result of PPI mis-selling. We will deal directly with your PPI provider, be it a bank or insurance company and neither we nor our specialist claims team will be fobbed off by them at any stage. If their offer is too low or derogatory and they won’t take us seriously we will challenge them on your behalf.
Maple Leaf Financial will review your PPI Claim and we will be happy to discuss your individual concerns and requirements
Free Phone: 0800 7747624
PPI Claims Service
You may have applied for a loan for a car or home improvement and the lender suggested or even insisted that you take out insurance cover to protect you against not being able to work due to ill health or an accident or to protect you against redundancy. PPI is commonly sold alongside many loans and is designed to help you if you are unable to pay your monthly repayments. It would pay out in order to meet the repayments on the loan, a very sensible move in these times.
However, The Financial Services Authority have recently admitted that there have been some serious failings in the way that PPI has been sold to consumers and this is where it all starts going wrong.
According to Citizens Advice Bureau you might be paying an additional 15% to 40% on top of your loan.
You may not even know or even actually need the cover or even worse, due to complexities in underwriting or exclusions you would not be eligible to claim when you need to.
You could be paying for a policy that you can’t rely upon?
How to Claim PPI
- I was not in work or I was self employed at the time of sale.
- I was told I had to take out the PPI policy at the time of the loan.
- I was not asked whether I had any other insurance which could cover the loan.
- I was not told I could buy PPI cover elsewhere to cover the loan.
- I was led to believe Payment Protection Insurance was compulsory.
- I was told I would stand more chance of being accepted if I took out PPI.
- It was not explained to me that there could be certain exclusions to the policy.
- I felt pressured into buying the PPI policy.
- I was being treated for a pre-existing medical condition or mental illness which was not discussed.
- I repaid the loan early and received no refund.
- I increased the loan I had and the PPI was increased automatically.
- The terms and conditions (small print) was not fully explained to me.
If you answer YES to any of these questions then you may have been mis-sold and you can make a claim to get back the proportion of your monthly loan payments that represented the PPI payments plus interest. There are many reasons why PPI may have been mis-sold to you in the first place.
Please complete our PPI Pack and we will be able to advise you if you have a complaint. This is an interactive form so that once the document is opened you will be able to complete all the details on screen, before printing and signing. Alternatively, you can print and complete by hand. For further information please see our list of FAQ’s.
Maple Leaf Financial will review PPI Claims and we will be happy to discuss your individual concerns and requirements
Free Phone: 0800 7747624
Maple Leaf Financial
4 Sadlers Court
Oakham Office Park,
PPI Claims : Information
What can I claim PPI on?
You can claim on PPI – Single Premium Policies. This type of policy is paid for in full and upfront to the insurance company at the beginning of the policy. Most loan companies will finance the full cost of the policy by adding the cost onto your loan. They forget to tell you that you will also be paying interest on that amount at the loan interest rate for the full term of the loan. You can also claim on the monthly PPI premiums that have been added to your credit card.
Payment Protection Insurance (PPI) Glossary
Maple Financial will work with you to ensure that you get the correct settlement or refund and any and all fair PPI claim compensation that may be due to you as a result of PPI mis-selling.
We have created this Payment Protection Insurance (PPI) glosarry as an information guide to help you understand associated ppi terminology
Payment Protection Insurance (PPI) Explained
Payment Protection Insurance (PPI) has played an interesting role in the world of finance over the past several years. This insurance product is intended to protect both the borrower and the lender in the event that the borrower becomes unable to make loan payments, but the product is often misunderstood. Furthermore, while the product is intended to provide a valuable safeguard, it was often abused and led to significant regulatory reforms as well as lawsuits with damages reaching well into the billions. Given the ongoing prevalence of this type of product, consumers will be benefited from understanding PPI, what is does and how it can be abused.
PPI Complaints Mis-Handled, Lloyds Banks Admits
Lloyds recently announced that one of its centres specialsing in handling PPI complaints has produced obvious shortcomings. The announcement comes on the heels of discovering that a Times reporter went undercover at one of the bank’s notorious complaints handling centres.
Claiming PPI in IVA
Whether you have completed your IVA or you are still in your IVA, making a mis-sold PPI claim is still possible. However, there are differences between the two situations. In one situation, you will be able to keep the compensation you receive from a successful claim. In the other situation, this simply is not possible.
Tim Capper reports on Financial Mis-Selling for Maple Leaf Financial. Our aim is to ensure you get honest advice and proper guidance to ensure a suitable recommendation can be made to pursue a financial claim
Latest posts by Tim Capper (see all)
- PPI Claims Currently Show No Sign of Slowing Down - December 10, 2014
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- FCA updates PPI redress for 2.5 million old PPI complaints - October 27, 2014