If you have a financial product based on interest rate swaps or hedging, you may have experienced…

• Poor or non-disclosure of exit costs
• Salesperson offering little or no explanation of risk, or perhaps downplaying the risk
• Advice offered on ‘non-advised’ sales
• Salesperson not matching the amounts and/or duration with the underlying loan (‘over-hedging’)
• Being pushed into a hedging product as a condition of obtaining credit or keeping an existing arrangement

If you can answer yes to any of these, you may have been mis-sold an interest rate swap or hedging product and it could have cost your businesses hundreds of thousands of pounds!

But don’t worry, because help is at hand from PLS Solicitors.

PLS Solicitors can provide you with all the support and assistance to help build a reclaim case if you have been mis-sold an interest rate swap product.

Under the right circumstances, interest rate swaps or hedging can protect you from undesirable swings in interest rates when you take out certain types of business finance. From simple caps that fix rates so they don’t go beyond a fixed amount, to more complicated ‘collars’ that allow you to move between two different rates, under the right circumstances they are ideal ways to obtain lower cost loan products if the market moves the right way.

But for some businesses, the loans are blatantly unsuitable and have caused untold financial misery.

Customer complaints, sales files, taped conversations and over 100 face-to-face interviews gathered by the Financial Services Authorities (FSA) revealed serious failings in the way businesses have been sold - or rather mis-sold - interest rate hedging products.

Call PLS Solicitors now for impartial advice and guidance.  We’ll go through your financial history with you, examining all of the evidence you have, and then tell you if you straight away if you have a case for a reclaim.