Payment Protection Scotland

PPI Claim Scotland

PPI Claim Scotland reclaims mis-sold payment protection insurance (PPI) for our customers throughout Scotland.

Check your accounts for PPI

The mis-selling of payment protection insurance (PPI) was rife across all the major banks and lenders in the UK and, according to various financial commentators and consumer watchdogs, there will be very few people who have remained untouched by the mis-selling of PPI.

The PPI claims from Scottish customers show no sign of slowing with the Financial Services Ombudsman (FSO) suggesting that the current financial year 2013 to 2014, will be the biggest yet for PPI compensation payout.

Why did PPI become such a problem?

Back in the 1990s, the majority of customer advisors and sales staff working at banks and lenders were paid on a sliding scale of commission – the more they sold, the more their basic salary was inflated by commission payments.

Banks also quickly realised that the profit margin on the sale of PPI policies was healthy, bumping their profits to high levels, which pleased not only themselves but also their shareholders.

And so, out of profit and greed the whole scale mis-selling of PPI began to take shape.

So, was the PPI policy any good?

In all honesty, no it was not. It is possible to purchase a PPI type policy to cover all your debts which various financial groups suggest some customers would be wise to look at BUT that PPI is not priority insurance above and beyond home or care insurance etc.

PPI had a restrictive set of terms and conditions, with various exclusions which many customers were not made aware of. If they had been made aware of them – such as the exclusion of pre-existing medical conditions – they would not have taken out the policy.

Consumer groups have also pointed out that PPI represented significantly poor value for money. Some PPI policies were incredibly expensive for the cover they offered and, because the consumer had been led to believe that they could only but the bank’s own brand of PPI felt unable to shop around.

Contact PPI Claims as they have the experience and ability to help you write a concise, detailed letter of complaint on your behalf. We believe that to get the right conclusion for your PPI compensation claim you need to

  • Supply as much detail as possible about your accounts with PPI
  • We also need as much detail as possible as to the reasons why you think you were mis-sold PPI – we need to prove that you were mis-sold the policy

We charge a one-flat fee for our service but we do not ask for upfront fees! We are a company you can trust to make a PPI compensation claim on your behalf.

Contact PPI Claim Scotland to discuss your claim.

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PPI Claim Scotland is a branch of: Payment Protection Scotland.

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