Payment protection insurance has been systematically mis-sold over the last several years and many people have taken out one of these policies without even knowing it. For those who were aware that they were taking it out, they may have been mis-sold if they were led to believe that they had to take it out or they were given the impression that their application for credit would be looked upon more favourably.

Anyone who thinks they may have a claim should start the ball rolling as soon as possible. Banks have set aside funds to compensate those who are  a victim of this type of mis-selling and the time to claim is right now.