Payment Protection Insurance Or PPI Sold By Legal And Financial Claims

Posted on October 29th, 2009 by lol in General Business Advice, Rat Race Case Studies

This is now my second post in relation to Legal and Financial Claims. This Company seeked claims against the banking industry for unlawful credit card agreements and also payment protect insurance (PPI).

Payment Protection Insurance (PPI), or Accident, Sickness and Unemployment Cover (ASU) has been sold alongside credit agreements for years.

Whether you have a Secured Personal Loan, a Credit Card, Hire Purchase Agreement or Mortgage the purpose of this insurance was to ensure loan repayments were paid if you were unable to work through illness, made unemployed or become incapacitated.

It has been found that many policies were miss-sold. If you can answer yes to one of the following questions then you may have been miss-sold PPI and could possibly be due thousands of pounds compensation.

  • Were you pressured into taking PPI?
  • Did you increase or top up the loan, with the PPI added automatically?
  • Were you told taking PPI would increase the chances of you getting the loan approved?
  • Were you self-employed or unemployed when you took the loan?
  • Was the loan repaid before its end of term but you never received a PPI refund?

A Further Update Regarding The Company Called Legal And Financial Claims

After my first post about Legal And Financial Claims (read my first post here), I have been absolutely inundated with concerned customers, stating they too can not get through on any of their phone numbers or email addresses.

To further update any people affected by this matter; it is now believed that this Company has not been bought out as the answer message would have you believe, but has instead been placed into administration.

If you are one of their customers please contact me directly on info@ratracewinner.com and I will advise you of your options.

If any readers are wondering why I’m doing this, its because a close friend of mine has paid Legal and Financial Claims over £2000.  The only way he can get this money back is if all of their customers who are affected unite.

Blogging about this subject has also proved that its possible to achieve page 1 listing for a specific keyword phrase providing  the article is perfectly optimised for Google.  To test this out search for “legal and financial claims”.  At the time of writing this, Rat Race Winner appears at position 6!

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