Posts Tagged ‘Payment protection’
Repayment of debts
Repayment of debts on the rise. According to the Financial Services Authority is more than 20 million cases of MIS Payment Protection Insurance sold in the United Kingdom. Claims Management company was said to have banned contact with customers and let them know that they are able to maintain. For all these statements, as everyone claimed that some banks and lenders would jeopardize the industry!
Many customers are unaware that they have been sold Payment Protection Insurance. Payment protection is often added to loans, finance agreements, credit cards, store cards and other credit. Osoba often sell the exclusion of the product, or verify that the customer would be covered by insurance to explain.
Common reasons for mis-selling are:
* The agent did not ask about existing medical conditions.
* The policies were sold to an independent.
* The customer was led to believe that insurance would reduce the risk of getting credit to increase.
* The customer was not aware of the insurance.
* The agent said that insurance is optional.
* The agent has not delivered to the customer a cheaper policy elsewhere to buy.
The process to claim back pay is simple and does not advance the costs because the lawyer’s work done on a no-win no-fee.