Reading Job Shop

A number of consumer advocates have recently been making waves because altogether too many lenders are failing to abide by disclosure regulations regarding PPI. It is not legal to sell a borrower a Payment Protection Insurance policy if that consumer was not informed of what the policy is and their rights of refusal. A lender must apprise consumers of exactly what the policy is, how much it costs and of any other terms, exclusions or conditions that are in the ‘fine print.’

Altogether too often consumers are told that a PPI policy will kick in and make payments if they are suddenly unable to do so but often there are so many conditions and exclusions that renders the policy useless. As a matter of fact, it is estimated that more than 20 million consumers in the UK have been sold a policy that should never have been sold to them in the first place. Many of these individuals are eligible to file a PPI claim for a refund because the lender didn’t comply with disclosure regulations regarding PPI. If you feel that you have fallen prey to such an unsavoury practice, contact a PPI claims service as soon as possible. The application can be completed online quite quickly so that you can try to recover any money you have paid for something you should never have been paying for.