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Agents

 

Contact Us

First Credit Solutions Ltd,
Cussins House,
Wood Street,
Doncaster,
DN1 3LW 
Tel: 0844 888 0233
Fax: 0844 984 0399
Mail: info@firstcreditsolutions.co.uk
 

Payment Protection Insurance (PPI)

If you’ve taken out a loan or credit card which was covered by PPI, the chances are your policy has been mis-sold to you and you could be able to claim £1,000s back on your loan insurance. In many cases, people are completely unaware that they are paying PPI because of the lack of transparency when taking out a loan. Due to the massively high profit margins that a lender can make on PPI, this lack of transparency has led to unscrupulous lenders making huge profits at the expense of the customer.

A recent change to the consumer credit act – the first in over three decades – has seen the FSA successfully challenging financial institutions over the mis-selling of these policies with 100s of people receiving part or total refunds of the monies spent on these policies.

What is PPI?

It is a form of insurance that is designed to help the customer repay their loan in the event of accident, sickness or unemployment.

How do I know if I was mis-sold PPI?

There are many reasons why your policy may have been miss-sold - below are some of the most common reasons:

  • The customer was told they had to have PPI when taking out a loan and not that it was an optional extra
  • The customer was not told that they could take PPI out through another company
  • The customer was not in full time employment
  • The customer was informed that the success of the loan approval could be affected by not taking out PPI

How do I make a claim?

Simply call us on 0844 888 0233 and speak to one of our experienced team of legal advisors who will be able to access quickly whether or not a claim can be made. Alternatively click here to complete the review form.

 

Useful Links

As many as 2 million people may have been sold insurance they don't need and can't use. If you are one of them you may be able to get your money back. READ MORE

This factsheet looks at the issues that most frequently crop up, when consumers bring disputes to the Financial Ombudsman Service about payment protection insurance (sometimes called “PPI” or loan protection). READ MORE

The internet bank Egg has been fined £721,000 for serious failings in the way it sold payment protection insurance (PPI) to its credit card customers, the City watchdog has announced. READ MORE

Home shopping sales targeted The Competition Commission has ordered a clampdown on the sale of payment protection insurance (PPI) by home-shopping outlets and catalogues. READ MORE

Our 5 Easy Steps Service

  • Review

    Our specialist team will assess your credit situation, credit cards, loans, mortgages and any payment protection insurance for faults and errors.

  • Review

    Based on our advice, you decide which claims you wish us to pursue on your behalf.

  • Review

    First Credit Solutions will obtain the information necessary to provide the evidence on which the claims will be argued.

  • Review

    Our team will advise you on the likelihood of reclaiming money, or whether the agreements you entered into were correctly drafted.

  • Review

    Our highly qualified team act on your behalf to pursue your claim, until settlement is achieved.

     

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