PPI Mis-selling claims are increasing very quickly. The Financial Ombudsman's has had to deal with 84,000 cases this year (the majority of which are concerning mis-sold PPI).
However, always remember that although there are many inadequacies of PPI, bad press which surrounds it many claims being made, people are being put off taking the insurance out.
As such, there are now thousands of financial consumers agreeing to loans, mortgages and credit cards without sufficient protection should they be unable to make repayments. This situation is has been worsened by the state of the economy with many people losing their jobs.
Now, more than ever, is the most important time to have an appropriate PPI policy and those without one are placing their credit rating, belongings and even their home on the line.
There are many excellent Income Protection plans on the market which are far better than the insurance that would have been sold on loans and credit cards.
So if you’ve been mis-sold insurance then make your claim but don’t disregard PPI altogether, when sold correctly it can help you get through times of financial difficulty.
If you want to make a claim - contact PPI Return at http://www.ppireturn.co.uk/. PPI Return is a division of Goldsmith Williams Solicitors.
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