Mis-sold Mortgage Claims > Mortgage News
British Armed Forces Missold Many Millions of Payment Protection Insurance
Wed, 28 Sep 2011
Members of the British Armed forces have been greatly mis-sold Payment Protection Insurance (PPI).

Should you have been in the Armed Forces when you got your credit agreement for a loan, credit card, car finance or mortgage and were offered Payment Protection Insurance (PPI) or informed that it was compulsory, you were mis-sold it.

Moreover, you may be entitled to £1000s in repayments and compensation.

Payment Protection Insurance (PPI) or Loanguard Insurance (LPI) is sold with credit agreements and it is meant to cover your repayments should you get injured, made redundant or sick.

This may sound useful, however, should you be in the Armed Forces your employer is going to pay your wages should such events arise.

This means you have been mis-sold PPI and you are paying out or have paid out for a useless policy, that you will never be able to claim on.

Your bank or loan provider knew this when you were sold this PPI policy, yet missold it to you.

This would have meant that your overall debt is most likely to have increased by about £2,750 plus interest.

It is highly likely that should you have taken a credit agreement out in the last decade with Lloyds TSB, HSBC, Natwest, RBS or Santander then you have most likely been mis-sold PPI.
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