Ok, so we know the banks have missold Payment Protection Insurance to countless people who were more or less told in some cases that they wouldn’t get the loan unless they signed up to this product. In other cases, we know that there was no way ever that the bank was going to pay out on this insurance. For example, the terms and conditions meant that if you were self employed then you would not be convered yet they sold the insurance to people who they clearly knew were self employed.
Now I’m just wondering why the Central Bank review covers the period from 2007 onwards? Before you can say Statute of Limitations its clear a lot of consumers in this country are going to be ripped off again. If you are still paying for this product check the Terms and Conditions immediately.
Shane Healy, Healy O’Connor Solicitors.