Mis-sold PPI could mean you are due a big refund from your bank.
PPI (Payment Protection Insurance) was designed to provide cover in the event that you couldn’t meet your monthly credit commitments, but the misselling of PPI has become one of the biggest scandals in the personal finance market in recent years.
PPI was sold at the time you applied for store cards, credit cards, loans, mortgages and similar credit facilities. With PPI you paid an additional premium every month so it cost you a money on a regular basis over a potentially long period of time. Continue reading