Mis-sold PPI (Payment Protection Insurance)

MSB Solicitors specialise in recovering for our clients the cost of mis-sold PPI, together with any payments that may have been already made. We have successfully recovered thousands of pounds in mis-sold PPI policies for our clients.

PPI has been proven to be widely mis-sold.  It is usually overpriced and policy terms and conditions show it would be extremely difficult to claim against when needed.
In some extreme cases PPI has been identified to equate to as much as 54% of the total claim value. On a £10,000 loan that amounts to £5,400!

What is PPI?

PPI is an insurance policy which should  protect you or your home/car in the event you are unable  to make your monthly repayments  on your loan/credit agreement due to an accident, sickness or unemployment.

Credit Card PPI is usually calculated as a percentage of the total balance, so the more you owe the more you pay for PPI.

How do I know if I have PPI?

The PPI should be shown on your loan agreement or your credit card statements.  In some cases clients have found that a lender has added a PPI policy to their loan agreement without them asking for it.

How is PPI Mis-sold?

Examples of PPI being missold are :

• PPI being automatically added to a credit agreement
• You being out of work or self employed at the time the policy was taken out
• You being told that you could not get the loan/credit unless you took the PPI
out as well.
• You were not asked at the time  if you had other similar insurance cover.
• The PPI not covering the length of the loan/credit agreement. For
example if you took out a 10 year loan, but the PPI would only cover you for the first 5 years.
 
How can we  help?

We can look to recover the full cost of the policy plus interest if we believe that you have been mis-sold PPI. If your loan is still running we can also look to reduce your ongoing monthly payments as part of our negotiations.

If you feel that you have been mis-sold PPI then please phone 0151 254 2200 and  a member of our consumer credit  team will discuss with you whether or not you may have a claim.
 

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Meet The Team

Danielle Blaylock - Litigation Executive

Danielle joined the firm in August 2010 and assists with Debt Recovery and Enforcement, Bankruptcy and Insolvency proceedings. Danielle graduated from The University of Central Lancashire in 2007 with her Law and Criminology degree and then proceeded to successfully complete her Ilex examinations. In her spare time Danielle enjoys socialising with friends, attending the theatre and studying historical novels.  

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Ian Sheridan - Litigation Executive

Ian joined MSB in March 2010 to specialise in the area of Payment Protection Insurance recovery. He is in the final year of his Law degree and plans to continue onto the LPC.

Outside of work Ian is a keen footballer and currently plays for Welsh Premier League side Airbus UK Broughton FC. Aside from football Ian has travelled around the U.S.A and South East Asia.

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John McCreanney - Litigation Executive

John joined the team at MSB in 2008 as part of our Consumer Credit department dealing with issues of mis-selling of PPI and defendant litigation. Since joining the team John’s workload has diversified into a broader civil litigation role and he is currently undertaking his ILEX training. When not studying, John enjoys socialising with friends and prior to joining our team he travelled extensively across North America going from coast to coast.

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