Then we had the Bank Charge scandal, those overdraft charges has the UK in uproar.
Now we have Payment Protection Insurance, if you do not already know, PPI is sold alongside a loan, credit card or HP and is meant to pay out when you are ill or made redundant. The Financial Service Authority has investigated the sale of these policies and fined more than 22 companies for mis-selling PPI.
Have you checked your agreement to see if you have been sold PPI?
Were you not told that the insurance was optional?
Were you advised that your application for credit would be rejected if you did not take out the insurance?
Was policy exclusions explained to you either before or at the time the insurance was taken out and was you able to make an informed decision as to whether the insurance was appropriate for you?
The credit crunch is particularly tough for families as the cost of living increases; even fuel is nearly at an all time peak.
You can claim your money yourself by going to directly to your lender and raising your concerns, however you can use a no win no fee company www.douglascovey.co.uk who will handle your claim call Michelle Riley on 02891 436661 to reclaim your money.