How PPI Polices are Sold

Evidence shows that borrowers are often sold polices that are completely inappropriate and of no use to the borrower. High Pressure selling or unfair practices can force people to take out PPI that they cannot afford, did not want, do not need and could never claim on. Many of our clients were never told that they could shop around for PPI, that it was not compulsory, that they could have a pay monthly policy rather than have it added to the total loan.

Whilst improvements have been made over the last few years by the industry selling PPI, even the FLA (Finance & Leasing Association), who represent business and consumer finance, state in their response to the Competition Commissions Inquiry into Payment Protection Insurance, published in June 2008, that whilst "Transparency and customer information have also improved considerably since 2006.....It recognises the need for further change".

Were You Mis-Sold & Can You Claim?

Even if the policy is no longer in force, and the borrowing repaid, if you feel you were mis-sold, you can still make a claim for compensation, and a refund of the premiums paid. You may have had a loan and consolidated this loan and other borrowings into a single new loan; you can still make a claim on the old loans, not just the new loan.

Why Oasis Financial Services?

Oasis Financial Services won over £20,000,000 of Endowment Compensation for our 35,000 clients since 2004. Now focussing on mis-sold PPI policies, we have already in 2007 won many PPI compensation claims.

Recently we won £9,640 in PPI compensation for a couple with two secured loans, who felt that they had been pressured into buying the PPI ,as they believed that they would be turned down for the loan if they did not buy the insurance. Our win allowed them to pay off their loan 8 months early.