There has been quite a bit of controversy over recent years about payment protection insurance (PPI), mainly due to overzealous brokers using unethical practices when selling it to clients.  The term now used for this activity is called mis sold payment protection insurance or mis sold PPI.  

In many cases of this mis-sold PPI, the lenders would lie and tell the potential loan borrower that they would not be granted a loan without purchasing the PPI.  This indeed was a falsity and a measure to deceive.  In these cases, the borrowers that did agree to the PPI were charged a much higher priced policy than if they had bought PPI on their own.

Other clients might not even realize they were sold a payment protection insurance policy.  It would be a wise choice if you had received a loan or mortgage and were never offered PPI to check and see if you are paying for a policy you never agreed too.  

Here is a list of questions to ask to see if you were mis sold payment protection insurance.  

• Did the lender tell you told the policy was not optional, or did they imply that the PPI cover was required in order to obtain the loan?   
• Did the lender ask about your employment status and whether you had any pre-existing medical conditions?
• Did the lender allow you to check the policy terms and conditions prior to the sale?
• Did the lender ask you if you owned any other insurance that would cover such risks?
• Were you sold PPI while self-employed?
• Were you told of the limitations and which pre-existing conditions would not be covered?
• Did the lender advise you on what the total APR would be of your loan with PPI included?
• Lastly, if you did purchase payment protection insurance and you tried to cancel it, were you denied?

If you answered yes to any of these questions it is possible that you may have a case to be able to file PPI claims.  There are numerous ways one can do this.  You can contact specialists in the field that will help you with the claim.  Many companies will do all the work trying to obtain a fair settlement for you.   You are also able to pursue your mis sold payment protection insurance claim by contacting the Financial Ombudsman and get the information needed to file.