First Plus PPI & Barclays

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It is claimed that First Plus owned by Barclays Bank tricked one of their customers into spending £10,000 on a First Plus PPI policy that was worthless.

An article written online about the story can be found here First Plus PPI Claim

A common reason for a mis-selling of a PPI claims are that the lender did not offer a choice.  The reason for a possible mis-sold First Plus PPI is as follows:

• First Plus PPI claimed that the borrower had a poor credit rating so they were unlikely provide the loan without ppi

• A First Plus PPI is for the borrowers own protection

• First Plus would not sell a  loan to a borrower without steady employment
  

• First Plus added the ppi without informing the borrower

• First Plus advised that the borrower would get a PPI cash back

There are many other reasons why ppi has been added to the loan without really giving the borrower an informed choice. As ppi is normally a secondary purchase when taking out a loan or credit card, the decision to take out ppi is often on the spot and the full implications of ppi are not explored.

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