PLP-Personal Loan Protection
Do you have PLP (Personal Loan Protection) on a mortgage, credit card or loan? If so, you may discover that it has been mis-sold to you.
If you have been mis-sold PLP, you may be eligible to claim it back and possibly write off any remaining balance.
At Claims National we are specialists in claiming back mis-sold personal loan protection on behalf of our customers. If you think you have been mis-sold PLP, we can handle the whole process from start to finish. We will deal with your loan provider and demand the fair settlement that you deserve.
We can help you to claim back your Payment Protection Insurance if:
- you feel you were pressured into taking out PLP on a loan, credit card or mortgage
- PLP was added automatically when you increased or topped-up your loan
- you were told taking out PLP would increase your chances of being accepted for the loan
- you were self-employed or unemployed when you signed the loan agreement
- you repaid your loan before the end of its term or you did not receive a refund of the PPI
24 hr Claims Helpline 0808 168 5385
What is a personal loan protection policy?
A personal loan protection policy is a policy of which you will pay money into, in order to receive some back if you are ever in need of it. This is usually under circumstances such as if you cannot go to work due to; an accident, sickness, unemployment or if you are forced to become a full time carer for a relative.
Personal loan protection policies can benefit many people however, the policy is not suited for everyone. Before selling you the policy, the policy supplier should advise and inform you about the benefits and weaknesses of the policy, and whether or not is suitable to meet your needs. Your policy supplier should also inform you about what the policy does not cover. This includes; if you know about your unemployment before the start of the policy, the first 30 days of your unemployment, if you have resigned, retired or been dismissed for conduct, and at the end of a fixed term contract.
If your PLP supplier has failed to thoroughly inform you of the details of the PLP policy, the benefits AND the weaknesses of it, and/or failed to mention what the policy does not cover, you may have been mis-sold your PLP policy.
You may have also been mis-sold your PLP policy if you feel that you were rushed and/or pressured into taking out a policy. Contact Claims National today for expert advice about your mis-sold PLP policy, and find out if you are eligible to make a claim for compensation.