When we describe payment protection insurance it seems like the perfect solution to solve all our financial problems. It is a service many banks, lenders and insurance companies are offering to help repay all our loans and depts. We are told that PPI will protect our finances by repaying all loans if we become ill, involved in an accident or we lose our job. This might at first seem too good to be true. However, there are many advantages and disadvantages with opting for PPI and these considerably vary depending on the policy and the provider.
Many policies have significant exemptions making it extremely difficult for holders to ever make a claim. In 2011 many banks and lenders would miss-sell PPI, charging hundreds of innocent people for a service they didn't need or want. They would do this by either telling consumers that the insurance was compulsory or selling the insurance to consumers without fully explaining what they were covered for. In worst cases banks and lenders would add PPI to the customer's loan without their knowledge. The good news is that if you feel you were mis-sold PPI and have a valid claim, it is likely that you are eligible for PPI compensation and will also be able to claim back the interest you were charged.
The amount you can claim will depend on your particular policy and the value of PPI that was taken out. However, if you were in anyway mis-sold this service, it is almost certain that you will be able to claim back all premiums, interest and in some cases any outstanding payments will also be stopped.
Making a claim can be a long and difficult process, adding stress that you most certainly don't need after all the agro you've already been through. There are many claims management companies who can help you to make and claim and ensure you receive every penny you are owed.Whatever your situation, a professional team of claims management experts can make sure your claim is processed quickly and efficiently.
Even if you have already paid off your loans or you pay your PPI premiums monthly, you are still eligible to make a claim, and with your claims management company all the confusing paperwork and forms will be dealt with for you, allowing you to sit back and wait for your cheque.
Let the claims experts take it from here and contact them today for 100% compensation.
Many policies have significant exemptions making it extremely difficult for holders to ever make a claim. In 2011 many banks and lenders would miss-sell PPI, charging hundreds of innocent people for a service they didn't need or want. They would do this by either telling consumers that the insurance was compulsory or selling the insurance to consumers without fully explaining what they were covered for. In worst cases banks and lenders would add PPI to the customer's loan without their knowledge. The good news is that if you feel you were mis-sold PPI and have a valid claim, it is likely that you are eligible for PPI compensation and will also be able to claim back the interest you were charged.
The amount you can claim will depend on your particular policy and the value of PPI that was taken out. However, if you were in anyway mis-sold this service, it is almost certain that you will be able to claim back all premiums, interest and in some cases any outstanding payments will also be stopped.
Making a claim can be a long and difficult process, adding stress that you most certainly don't need after all the agro you've already been through. There are many claims management companies who can help you to make and claim and ensure you receive every penny you are owed.Whatever your situation, a professional team of claims management experts can make sure your claim is processed quickly and efficiently.
Even if you have already paid off your loans or you pay your PPI premiums monthly, you are still eligible to make a claim, and with your claims management company all the confusing paperwork and forms will be dealt with for you, allowing you to sit back and wait for your cheque.
Let the claims experts take it from here and contact them today for 100% compensation.
