PPI Money Back Hope
Payment Protection Insurance or PPI as it’s also known has been included in millions of loan, finance and credit card agreements without the knowing consent of borrowers. The insurance can cost thousands of pounds and in many cases was added as a lump sum to the amount borrowed which resulted in higher repayments.
It is this unfair inclusion of a hefty cost without the permission of the consumer that has encouraged many to lodge ppi claims to try and get their money back. The office of Fair Trading (OFT) and Financial Services Authority (FSA) have both punished lenders for mis selling PPI and banned the sale of the insurance alongside any borrowing taken out.