Meta Bugg`s Home Blog

The people have been lied to by politicians for long and now bankers too have been caught lying to them in order to shore up their profits.

All this is on account of mis-sold PPI where junior officials of financial institutions told loan, mortgage and credit card applicants it was compulsory for them to have PPI even though that was far from the case.

What made matters worse is that PPI was foisted on those who were simply not eligible for it, such as retirees, the self-employed and the jobless. It soon became apparent that juniors were keen to make a big show for their seniors in the hopes of securing pay increases and promotions. But no matter what, they still made healthy commissions on their sales.

Many people became victims of missold PPI and they were more or less forced into buying the policy. They were told it was mandatory to have it when this was not true. But placing their faith in bankers and the bank, they willingly signed on convinced by what was told to them.

It was to their horror that those ineligible found out that they had been needlessly paying premiums together with the installments on the loan or mortgage. This naturally chewed away at the savings of the financially vulnerable and many found themselves out of pocket in  a matter of time.

However they still remained optimistic hoping to get money back once they put in claims for their PPI but were turned away. It is then that they decided to take the help of solicitors and claims companies to fight for their rights and to get their money back.