Natwest mis sold PPI
Following a flurry of publicity regarding payment protection cover the public’s awareness of the issue of mis-selling has significantly increased as have the number of complaints regarding the cover. PPI is now the Financial Ombudsman Service’s most complained about insurance product. It has spelled a dramatic change in fortunes for the cover which was, for many years, seen as a cash cow by lenders. Generating around £5.5 billion a year PPI was often more profitable for lenders than the interest from the loans to which it was attached. The mis-selling scandal has cost lenders millions of pounds in compensation; however, and it is likely that many more customers were also mis-sold cover and may be entitled to make a claim.
If you are unsure whether you have Natwest mis sold PPI you should think about the circumstances surrounding the sale of your policy. Prior to taking out the policy, were you given all the necessary information regarding the cover? Did you later discover any of the information you were given was incorrect? Do you feel you were misled in some way? If you answered ‘yes’ to any of these questions your policy may be regarded as mis-sold.
It is also vital that your lender adequately assessed your circumstances to ensure the insurance was right for you. Most PPI policies have a high number of exemptions meaning cover cannot and should not be offered to everyone. If, for example, you already had cover in place elsewhere you probably did not need the PPI policy. On the other hand, if you were over the age of sixty-five it is likely you would have been ineligible for cover.
If you need help with your Natwest mis sold PPI claim call our team today on 0207 471 2000. Remember, there is no limit to how many claims you can make and you can even make a complaint if you have already paid off your loan.
blog comments powered by