Was the price information demonstrated
so that you could relate it to your regular budget?
Did they explain to you the total (both the monthly/annual) costs?
Did they disclose that interest would be payable on it and the amount?
Home » PPI » PPI Mis-Selling » PPI Costs Not Explained
Not having the costs of your Payment Protection Insurance explained to you is mis-selling and you can claim back the cost of the policy along with any payments made! Call Gladstone Brookes on 08000 461 826 to discuss your situation or fill out our Online PPI Claim Form.
The cost of this insurance should have been broken down to you and explained. Where you understood that this insurance would cost you extra every month, that you would be paying more interest on this monthly cost, and you should have understood the total cost of this insurance.
Single Premium Policies are the most common type of mis-sold PPI policy. A person takes out a loan and has to pay for the full cost of the policy up front. A person takes out a loan for £5000, and PPI is added on. The Policy is 40% of the loan and the customer has to borrow that money on top of the loan to pay for it - your £5000 loan is now a £7000 loan which you are paying interest on!
Single Premium Policies are usually offered for only 5 years, and as you pay this off first it means your loan will take longer to pay off and you won't be covered by the policy when you are paying off the loan!
This PPI is usually found on credit cards to cover outstanding balances.
These types of policies are most commonly mis-sold when the borrower doesn't know they have taken out the policy as it is embedded in the terms & conditions or you have to "opt-out" of it when you sign up for the card.
Millions of people over the last 10 years have been paying Payment Protection Insurance in their monthly loan payments without knowing it. Call 08000 461 826 or fill in our Online Claim Form to claim back £1000's today!
Gladstone Brookes' staff were very approachable and with a good telephone manner. I was kept updated by post and phone calls. Gladstone Brookes is very efficient.
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Gladstone Brookes was excellent, I am very satisfied with their services.
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I received a very professional and helpful service in settling my claim and would not hesitate to recommend Gladstone Brookes to friends or family who require their services.
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10 out of 10 - excellent! I am over the moon. I thought I was owed about £600, and ended up with near on £10,000. I can't thank Gladstone Brookes enough.
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I found the service so easy and straight forward, everything was explained so simply so I understood, there was no legal jargon.
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