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Reclaim Mis Sold PPI Against Paragon Personal Finance

Reclaim Mis Sold PPI Against Paragon Personal Finance

There were times during the lending boom when all we seemed to see on our TV screens was advert after advert for companies offering secured loans. These slick ads persuaded viewers to apply for easy credit in order to finance holidays, home improvements, car purchases and debt consolidation. Many companies jumped into the market with both feet, and Paragon Personal Finance was one of them.

If you took out a loan from Paragon, there’s a good chance that a PPI policy will have been included. Even if you’re not sure now after all these years, it’s worth asking a question with the PPI deadline fast approaching. Beat the Banks can handle all the details on your behalf, so all you have to do is make a call to 0800 193 1234 and leave the rest to us.

Until the credit crunch came along, Paragon Personal Finance were doing very well indeed. Many secured loan brokers targeted the more vulnerable consumer, often those with bad credit and a long history of debt, and Paragon were one of the brokers’ favourite loan providers. Looking back now, it all makes for some rather uncomfortable viewing.

For brokers, the money just seemed to keep rolling in. they enjoyed ludicrously high commissions for every loan they sold and they charged the consumer a sizable broker fee into the bargain. For the poor customer, the addition of an expensive PPI policy simply added to the overall cost. Desperate for the loan, they often signed on the dotted line without even realising how much commitment they had said yes to.

Beat the Banks have been handling PPI compensation claims for a number of years now, and we have the wherewithal to help you find the justice you deserve. Many Paragon secured loans included PPI policies that their customers often didn’t want or need. In most cases, that supposedly must-have PPI only ever covered the first five years of the loan anyway.

Our team of specialists will always seek to find the full history of any secured loan, giving us the bigger picture we need to ascertain a complete picture. Unlike many other claims management companies, we want to make sure every claim is as comprehensive as can be. To find out more about what Beat the Banks can do for you, just call 0800 193 1234. We look forward to hearing from you.

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