Personal Loan Protection is the most common type of PPI and can be the most expensive. PLP is sold alongside most loan types whether they or secured or unsecured. PLP is took out when major purchase’s such has a new car or kitchen is being bought, or it may even be offered alongside a credit card you have took out. Sometimes individuals are completely unaware they have agreed to take out any PLP but pay the premiums nonetheless. Insurance vastly increase the amount owed by the individual and sometimes can be up to 25% of the entire loan. If you are unaware that you have took out PLP or were not aware that it is not compulsary to take out PPI.
We are specialists in claiming back mis sold payment protection insurance on behalf of the consumer. If you feel you have been mis-sold PPI, we can handle the whole process on your behalf, dealing with your loan provider and demanding a fair settlement.