Says Payment Protection Insurance customers often don't know they have the benefit!
(prHWY.com) August 1, 2012 - Wize Guy Claims, FL -- Wize Guy Claims made one of their clients very happy indeed when they won £10000 in Payment Protection Insurance. The client was a customer of MBNA credit cards, and did not know that he had Payment Protection Insurance.
According to Wize Guy's statistics, most credit cards, loan providers, and Insurance companies add on the load of Payment Protection Insurance along with the annual fees to their customers. But then, most agents don't tell the customers that they're paying extra for such a benefit - lest more people start using it! Especially in the case of mis-sold loans, cards, and Insurance, a customer could end up being liable for thousands of pounds more than he originally bargained for. It is a common happening that agents tweak the facts of the financial products in order to make a sale. And usually, people don't read the small print while signing on the dotted line, and hence they don't know that they are protected against mis-representation by means of a Payment Protection Plan.
Wize Guy's case study is a classic case in point. They filed the relevant documents with MBNA and found that the client had indeed been charged for PPI (Payment Protection Insurance). With that information, Wize Guy went ahead and filed a claim invoking the payment protection law, and resolved the case for £10000. Surprisingly, the client did not know that he was eligible for such a benefit, and this certainly came out of the blue for him.
Wize Guy's claims department gave us information saying that most customers in the last six years would have been sold a Payment Protection Insurance plan in the UK as per the law. A customer has an option of saying no to such a benefit, but most agents don't inform their customers about the additional charge. Since the amount to be paid for a PPI add-on isn't significant, most people would not notice the extra burden. Wize Guy suggests that if you've been sold a loan or a credit card in the last six years, and if you think you've been mis-sold, you should contact them in order to check if you're eligible for PPI.
More information can be had from -
URL -
http://www.wize-guy.co.uk/
Address:Wize Guy, 
Wellington Park Business Centre 
3 Wellington Park, 
Malone Road, 
Belfast 
BT9 6DJ
Freephone:0844 704 8651 

Telephone:07943370320 

Email:info@wize-guy.co.uk
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