PPI Success at Credit Clear UK
Credit Clear UK has recently had some great success with Mis-Sold Payment Protection Insurance (Mis-sold PPI). One of our clients has recently received over £8000.00 in compensation following a claim submitted through our company. This is just one of his five claims for mis-sold PPI with us so more great results are expected. Another one of our clients has recently received over £10,000.00 in compensation following his mis-sold PPI claim.
PPI has been widely discredited by the Financial Services Authority and the Competition Commission. Following a report by the Competition Commission a victory was declared for consumers as PPI was banned from being sold alongside credit cards and personal loans. Banks are now trying to overturn this ban to protect their profits as in 2006 alone, lenders made profits of £1.4 billion selling loan cover on revenue of £5.5 billion! However, a large number of these should not have been sold.
Adding PPI to a £7,500 five-year loan could cost an additional £2,000 to £3,000, according to Which?, but many people – including those who are self-employed or aged over 65 – may be unable to claim.
Consumers should take this opportunity to re-claim any Insurance on loans or credit cards that they believe may have been mis-sold. We can re-claim PPI going back 6 years and the loan can even be completely paid off! With no upfront costs there is no reason not to exercise your consumer rights.
Please click here to contact Credit Clear UK for further information or call 0800 038 2233.
