Paymentshield Reviews

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1.5 stars
Average rating for this product is: 1.5 out of 5

From 0 ratings and 4 reviews

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Average Ratings for Paymentshield

  • Customer Service2 stars
  • Value for Money1.5 stars
  • Overall rating1.5 stars

4 Reviews For Paymentshield

  • Guest 17th Sep 2009

    Reviewer rating: 1 stars


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    I took out Paymentshield mortgage protection cover 7 years ago but now I need it they are refusing to pay out. I was recently part of a small, failing business and was terminated without pay as there was no money in the company. Paymentshield are now refusing to pay out.

  • Guest 10th Sep 2009

    Reviewer rating: 1 stars


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    Paymentshield are the biggest bunch of jobs worths i have ever had the misfortune of dealing with. took them months to sort out my claim. i ran up an overdraft of £3000 while they sorted the claim. they asked for all the documentation at the start of the claim and then asked for it all again before they would payout. you have to send a form in every month. they knock back your payments for any reason. there phone system is a joke and the staff are downright arrogant . they keep you on hold ...

  • Guest 7th Jun 2009

    Reviewer rating: 0 stars


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    My home had a burglary July 2008, it was a really big and serious accident as the front door was totally broken and the bedroom was totally broken. I have been waiting for the insurance claims from Payment Shield , they said I have to wait for the all documentation from the police and all the receipt I have got. I've been waiting for them until this May 2009, then the final letter they sent me that
    I have not provide them such a satisfied information and all document they required so they state ...

  • FrankC Rank: Lance Corporal 16th Jan 2009

    Reviewer rating: 4 stars


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    Apparently, according to someone i know who works in the mortgage industry, Paymentshield policies are sold by lots of mortgage lenders as part of their mortgage offer, but they place a "mark up" on the premiums to make a bigger profit.
    By buying direct from an agents website (or through a mortgage broker) its possible to get the same cover for a lot less than the lenders charge