When Mrs Dixon from East Yorkshire took out a loan of £9,700 with Bank of Scotland she had no idea of the true cost of the Payment Protection Insurance Policy (PPI) that was bundled in with the loan or that she would have been able to take the loan without the unnecessary extra expense.
It came as a great relief when thanks to work of financial claims experts claims-uk.co.uk she recently received the compensation cheque of £10,087 representing a full refund of the insurance premiums paid and interest on this amount.
Unfortunately Mrs Dixon is just one of thousands of people who have been mis-sold these policies by Bank of Scotland and many other firms. Frequently customers were told they had to take the policy to get the loan and in some cases people did not even know their loans included PPI until they contacted claims-uk.co.uk.
Claims-uk manager Robert Slack confirmed “Whilst the cost of Mrs Dixon’s protection policy was very high, unfortunately it’s not the worse we have seen and we keep hearing more and more stories where the banks and building societies have been too busy taking care of lining their own pockets to take care of their customers and provide the appropriate advice.
“In this case Mrs Dixon was consolidating her debts and trying to control her outgoings which were starting to get out of hand, unfortunately instead of providing the best advice by explaining the policy was optional and the additional amount it would add to the loan each month they just bundled it in with the loan without explaining it at all.
“The problems continue to grow and as well as continuing to receive calls from hundreds of people mis-sold PPI we are now also receiving a significant number of calls from people who were pushed by their bank into risky investments and lost a large amount of their life savings and don't know where to turn. Claims-uk.co.uk can provide some free guidance and advice of what your next steps should be and will work on a no-win no-fee basis to get the best result for you.”
If you think you may have a claim against mis-sold PPI or bad investment advice please call claims-uk.co.uk on 0800 023 2973 or visit www.claims-uk.co.uk. CLAIMS has been winning compensation since 1989 and can even win cases if the loan has been paid off and have won recent cases for the sale of PPI on loans dating from the 90’s and earlier.
