PPI Claims in Ireland-Payment Protection Insurance Mis-Sold
- 11 years ago
http://businessandlegal.ie/ppi-claims-in-ireland-were-you-mis-sold-payment-protection-insurance Payment protection insurance (PPI) was mis-sold by many financial institutions in Ireland.
Borrowers entering into mortgages, loans, hire purchase agreements, store card agreements, or credit card agreements were, in many thousands of cases, pressured into taking out PPI to cover payments in the event that the borrower ran into difficulty in making payments in various circumstances such as accident or illness periods, death, redundancy, periods of unemployment, etc.
It is estimated that up to 350,000 people in Ireland purchased these products and banks and financial institutions have been reviewing their sales of these products between 2007 and 2010 because many were mis-sold to consumers.
Borrowers entering into mortgages, loans, hire purchase agreements, store card agreements, or credit card agreements were, in many thousands of cases, pressured into taking out PPI to cover payments in the event that the borrower ran into difficulty in making payments in various circumstances such as accident or illness periods, death, redundancy, periods of unemployment, etc.
It is estimated that up to 350,000 people in Ireland purchased these products and banks and financial institutions have been reviewing their sales of these products between 2007 and 2010 because many were mis-sold to consumers.