A Brief Guide To Mis sold PPI

A lot of people question if they have been mis sold ppi but the only people who truly know are the staff at the Financial Ombudsman Service who judge on the banks sales processes. However I have drawn up a brief guide that should at least point you in the right direction but should not be treated as a statement of absolute fact. 

If you were suffering from a medical condition at the time of the sale and it was more than probable that you would need to make a claim regarding this, then missold ppi. 

If you were retired, self employed a student or working less than 16 hours a week, again mis sold ppi 

You were employed on a contractual basis or self employed, yes, missold ppi 

You had a discussion with the sales person about payment protection insurance but the terms and conditions were never discussed, missold ppi  

You asked for a loan or mortgage but were pressured into taking this insurance, again, mis sold ppi. 

You discover by chance that you have this insurance but were not told at the time of the sale, missold ppi. 

If you have an inkling for any reason that you may have been missold a ppi policy the best advice is to check it out, you never know. 

This entry was posted on 26/06/2010 at 01:54 pm and is filed under PPI. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.