A Self employed builder from Hartlepool wins over £10,000 for mis sold Payment Protection Insurance Policies sold to him by Barclays Bank.

Over the past 10 years Mr Alberts (name changed to protect identity) had taken out four loans with Barclays Bank.

He needed the loans to help get his business started. He had paid off three of his loans but he had one loan still outstanding which he had taken out in 2006.

Mr Alberts had heard about Claims Companies being able to claim back Payment Protection Insurance  (PPI) if it had been mis sold. When MrAlberts took out his first loan, he was unaware that Payment protection Insurance (PPI) was optional and needing the loan badly he took the bank assistants advice which was if he took the PPI, he had a better chance of getting the loan.

Over the course of six years Mr Alberts continued to take out loans with Barclays Bank with the PPI (Payment Protection Insurance).

He instructed Reclaim Services to deal with reclaiming his ppi (payment protection Insurance) in April 2010 and received a refund on all four of his loans with ppi in July 2010 for all premiums paid plus interest with Barclays Bank.

A note from Reclaim Services- More and more customers we find are saying that they have been told they had to take out PPI (Payment Protection Insurance) to get the loan in the first place.

PPI (Payment Protection Insurance is an optional extra, in the case of Mr Alberts or any other self employed person, it is unlikely that a self employed person would be covered by a PPI policy and therefore the policy is mis sold.

If you believe you have a mis sold ppi (Payment Protection Insurance, contact us on 0800 8404034 or Complete the PPI Claim Form.
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