Posted on 24 November 2009
Claim Back PPI from Magic Loans
Over recent years Magic Loans have arranged personal loans for thousands of people in the UK. In many cases Magic Loans also arranged Payment Protection Insurance or PPI to be attached to the loans that they arranged for their customers. We understand that Magic Loans are no longer trading but that is not a bar to claiming back a PPI refund.
Miss-Sold PPI By Magic Loans?
We are acting for many clients who have claimed that they have been mis-sold PPI policies and redress has been offered as compensation. Hutcheon Solicitors have been helping customers and former customers of Magic Loans who feel they have been wrongfully sold a PPI policy. Indeed, Hutcheon Solicitors have been able to win back thousands of pounds worth of PPI money paid into policies that in reality would never actually pay out if a claim was to be made by the customer.
How Do I Know If I Can Claim Against Magic Loans?
It is quite easy for us to determine whether you have a valid PPI claim against Magic Loans. The starting point is simply to fill out our quick assessment form and a member of our assessment team will contact you at a time convenient to you to chat to you about the PPI claims process against Magic Loans. As a specialist firm of Solicitors regulated by the Solicitors Regulation Authority, we are able to properly represent our clients and reclaim monies owed to them as quickly as possible. As a law firm we also have a duty to ensure that we obtain the maximum amount of PPI compensation from organisations such as Magic Loans and we work hard for our clients at all times.
Start Your Magic Loans PPI Claim Today
Why delay? Hutcheon Solicitors are here to start fighting for you and to win back any miss-sold PPI monies you have paid in respect of a questionable PPI policy sold to you by Magic Loans. Either Click Here to complete our quick PPI Claim Assessment Form or call us now on 01928 288211 and chat with a team member who will be happy to help you.
We have taken on a number of claims against Magic Loans in respect of mis-selling Payment Protection Insurance (PPI) which has been added on to a loan. Our clients are claiming the following:-
Return/Refund of the Cost of the PPI Policy
There are many claims for a refund or return of the PPI policy paid to Magic Loans and to cancel the policy.
Loan to be Re-Written
To reflect the fact that the PPI policy should never have been added to the loan in the first place, that the loan should be re-written to remove the cost of the loan and to write-off all interest payments.
Loan to be Written Off
On loans taken out prior to April 2007, there is a possibility that if the PPI was not optional, the entire loan together with the PPI and all interest could be written-off and refunded.
CLAIM NOW
If you think you have a claim take our 1 minute test by clicking on the link below.
Magic Loans PPI Claim Form Click Here
We operate a NO WIN NO FEE policy so you have nothing to lose to refund your PPI.
If you answer Yes to one or more of the following questions you may have a claim for PPI refund –
§ Magic Loans failed to ask me about any pre-existing medical conditions when I took out a PPI policy
§ Magic Loans failed to ask if I was or was shortly due to become self-employed when I took out the PPI policy
§ Magic Loans failed to ask if I was retired or very close to retirement ages when I took out the PPI policy
§ Magic Loans failed to ask if I was not employed (including student) when I took out the PPI policy
§ Magic Loans failed to ask if I was a public services employee when I took out the PPI policy
§ Magic Loans failed to ask if I had other protection policies in place when I took out this loan
§ Magic Loans failed to advise me that I did not need the PPI policy as I could have repaid the loan/outstanding balance using my savings
§ Magic Loans failed told me that the PPI policy was compulsory and not optional
§ Magic Loans failed to ask if I was not aware that the PPI policy was optional
§ Magic Loans failed advise me that I would get a better interest rate or the PPI would cost much less if I took the PPI policy out with another insurer
§ Magic Loans did not make me aware of the cost of the premiums on the PPI policy
§ Magic Loans did not make me aware that the PPI policy cost would be added to the loan and I would pay interest on the cost
§ Magic Loans did not make me aware that I had taken out the PPI policy when I took out the loan
§ Magic Loans did not make me aware that I could purchase alternative PPI policies with other providers when I took out the loan
§ Magic Loans did not make me aware that the PPI policy did not cover the life of the loan
