Barclaycard mis sold PPI
Barclaycard is the UK’s most widely held credit card with 8.4 million active cards. When many customers took out their Barclaycard credit card it is likely they were also offered payment protection cover. Payment protection is a type of insurance that insures the cardholder against financial hardship by stepping in to cover card repayments if they are unable to work due to sickness, accident or involuntary unemployment.
The issue with credit card payment protection cover is that it can be expensive, especially if you have significant credit card debt. It also has a low payout rate and has been mis-sold to a large number of customers. These factors combined have led to a large increase in payment protection insurance claims in recent years.
If you are unsure whether you have Barclaycard mis sold PPI you may find our checklist below helpful. If you answer ‘yes’ to any question you may have been mis-sold cover and may be entitled to make a PPI claim.
- Did you feel pressured into taking out the payment protection cover?
- Were you told you had to have the cover?
- Were you told it would improve your chance of being given the credit?
- Was the policy added without your knowledge?
- Were you unemployed, retired, self-employed or in full time education?
- Were you suffering from a pre-existing medical condition?
- Were you aged over sixty-five?
- Did the salesperson fail to fully explain the costs of the policy?
- Did the salesperson fail to fully explain the terms, conditions and exemptions of the cover?
- Did you have existing payment protection cover in place elsewhere?
- Were you employed by the civil service or a serving member of the armed forces?
- Were you in secure employment with entitlement to full sick pay?
If you believe you may be entitled to make a Barclaycard mis sold PPI claim, call the claims team today on 0207 471 2000.
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