Managing debt is an important aspect of life, here at Debt Advisory we are dedicated to assisting the people of Scotland with doing just that. Part of this service is helping you to understand why your debt may have occurred in the first place and how it can be rectified.
For example, PPI may have had a negative effect on your finances in the past. A Payment Protection Policy with high premiums can, in some cases, contributed to your debt and so claiming it back could be vital moving forward. All such claims will become void if pursued after 29 August 2019, so seeking a claim now is important to ensure you don’t miss out.
How Do I Know If I Was Mis-Sold PPI?
Originally designed to cover a policy holder who fell ill or lost their job, from 1990 to 2010 PPI was mis-sold to millions of people who neither wanted nor could actually claim it. This included those who took out mortgages, credit cards, loan and even car financing.
Looking back at these records, documents which detail exactly what the repayments of your policy covers, then you may discover that you have been paying for PPI all along. Worse, many of these polices never actually paid out when loss of jobs or illnesses did occur making them a huge drain of people’s money. If you are unsure, but did take out a policy in the twenty years that PPI was sold then it is a good idea to check as you may miss out on repayment otherwise.
Terms which may indicate PPI in your documents include: loan care, payment cover, protection plan and loan protection.
Of course, suspecting you may be owed PPI and making a claim are very different things. You may not have the time nor the confidence to make a claim yourself. In which case, trusting a dedicated team of professionals to do the hard work for you is ideal. We have experience dealing with creditors on the behalf of our clients, dealing specifically for clients in Scotland on a no win, no fee basis. Our fees are amongst the lowest in Scotland and there are no upfront costs for your claims.
To find out more about our service, please don’t hesitate to contact us. You can give us a call on 0800 011 2322 and we will be more than happy to help