Were You Missold Payment Protection Insurance?
Tags: bank, claims, credit, insurance, insurance claims, loan, mortgage, payment protection, PPI
, Posted in: insurance claims, Author: Paul Myers (May 29, 2010)
, Posted in: insurance claims, Author: Paul Myers (May 29, 2010)
In January 2005 the sale of PPI (Payment Protection Insurance) policies have been regulated by the FSA (Financial Services Authority). The rules set by the FSA are very clear about what firms and advisers selling PPI policies should do at the time the policy is sold to the consumer. Any breach of these rules can see the policy labeled as what is now commonly known as ‘mis sold’ or ‘mis selling’ a policy.
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