You cannot open the paper or switch on the radio without hearing stories and reports about the new opportunities that are opening up for reclaiming mis sold insurance protection.
Payment protection insurance was a device used by banks and credit card companies to generate huge profits. On the face of it, it provided cover in the event that the person taking the insurance, could not make repayments on the loan for reasons covered by the insurance.
It was standard procedure for a bank or card company extending credit to sell the insurance very hard indeed. If one considers that 90% of the profit on Continue reading ‘Mis-Sold Insurance Protection’ »