Were You Mis-sold Payment Protection Insurance (PPI)?

PPI is basically a type of insurance. It is insurance that may be taken out alongside a loan, mortgage, credit card or store card.

Under a PPI policy, an agreed sum of money is paid out each month to fully cover, or cover a percentage of the payment due on your mortgage or loan etc if you are unable to work.

You may be unable to work and meet the monthly payments yourself for a number of reasons, including;

• Becoming unemployed, through no fault of your own.
• having an accident.
• becoming sick.

If you've taken out a loan or any form of credit agreement such as a credit or store card urgently check whether it included insurance, If so, you could be paying £1,000s for potentially worthless cover, without knowing about it.

The PPI industry has never been in so much trouble; millions of people have been mis-sold and while we've been campaigning on it for years, finally the regulators are catching up!