Mis-sold Payment Protection Insurance (PPI) This is possibly the largest mis-selling scandal ever. Many people were mis-sold payment protection insurance when they took out a loan or a credit card. This insurance was supposed to cover them for a range of incidents, including involuntary employment and sickness. The banks tailored this product for maximum profits and the results were fantastic for the banks and incredibly poor for the client. The insurance on a typical loan was added to your original loan. If you wanted to borrow £10000, the lender would have packaged this loan as a fully protected loan and you would have paid approximately £2500 for insurance, that is added to the loan. You ended up borrowing £12500 in total and paying interest on the whole ammount this example could have easily cost you £3200. There are many reasons for mis-selling, including your employment status as well as the way the bank sold the policy (the policies were inflexible and the important elements were not drawn to your attention). You may have had a pre-existing medical condition, or you may have simply been told that you had to take out the insurance to get the loan! If you want to claim back your PPI premiums on your loans/ credit cards, please apply now The benefits for people choosing our recovery services is that our customers don’t pay any money upfront for access to our services (we pay all fees associated with the claim) Some companies charge upfront to make a claim why risk it?