Crawley, United Kingdom (PressExposure) August 10, 2009 -- As the recession continues, many house-holders affected by redundancy or unemployment are facing further difficulties as banks and lenders attempt to reject their PPI claims [http://www.simplicityclaims.co.uk/].
Financial experts report that one in six claims are being rejected, meaning that those struggling to make mortgage, loan or credit card payments due to redundancy, unemployment or sickness are facing mounting debts or the trauma of losing their homes.
To add salt to the wound many of these payment protection insurances (PPI) were mis-sold to consumers in the first place, or tied in with the loans so that the borrower did not even know they were taking it out.
The Financial Ombudsman is currently receiving record levels of complaints about PPI - around 30,000 a year, compared to just 2,000 three years ago.
For anyone who feels they may have been mis-sold a PPI, one organisation is fighting back on behalf of the consumer.
Simplicity Claims has an excellent track record helping their clients to claim back PPI [http://www.simplicityclaims.co.uk/] through a simple, hassle-free process.
Simplicity Claims advises that policy holders or those whose claims have been rejected may be entitled to make a claim for a mis-sold policy if:
- they were told that PPI was compulsory.
- They were not in full time employment when they took out the policy
- Payment Protection Insurance was sold without their knowledge.
- full details of the insurance policy were not given.
- They were not told that they could get PPI elsewhere.
- The full cost of the policy was not explained.
Simplicity Claims can be found at www.simplicityclaims.co.uk [http://www.simplicityclaims.co.uk/] or call 0845 475 0505. They can also help consumers to claim back up to six years unfair credit card charges.
The company is regulated by the Ministry of Justice in respect of regulated claims management activities.