PPI Claims for Missold PPI

April 2nd, 2013

Are you entitled to make a PPI claim? If you took out Payment Protection Insurance (sometimes called loan or credit protection or accident, sickness and unemployment cover) within the last six years, you may be entitled to your money back. You may even be able to make a claim for policies sold longer ago – just be aware that you will need full documentation because sellers are not obligated to keep the paperwork past six years.

PPI was usually sold with personal loans, mortgages and credit cards. Many people do not know why they have it or were told that it was a necessary part of the loan and this is what often forms the basis of a successful claim.

Even if you had everything fully explained and were given full terms and conditions and a cooling off period, you still may be eligible for a PPI reclaim if your policy excludes your being able to make a claim. There are a number of exclusions which might apply to you and mean that the policy was useless. For example, if you are retired and were sold PPI, it would have been wrong for you because all policies exclude payments to the retired.

If you have any doubts about your PPI, contact the organisation which sold it to you in the first instance, not the insurance company.

Sometimes, sellers may reject your PPI claims by because the sickness element would still be applicable. However, if you can prove that you would be able to fund yourself in sickness, again, this may not be relevant In any case, you should have been offered a cheaper policy excluding the irrelevant parts.

If they reject your complaint, ask for a ‘deadlock letter’ and you can then turn to the Financial Ombudsman Service, who will be able to help further.

Posted in Refund Claim |

Grab a PPI Claims Refund Today

March 5th, 2013

Were you mis-sold a policy intended to insure your card or loan repayments in the event of sickness, accident or unemployment? Anyone who’s had a credit or store card or a loan in the last ten years should look into PPI claims. Check statements and other debt-related paperwork for references to "PPI", "payment cover", "card protection", "loan care" or "ASU". These products were aggressively sold by banks, despite being expensive. Because they were so lucrative, banks sold them to many people whose circumstances made the policy completely unsuitable, and, in effect, useless.Claim Refund

If you’re not sure whether or not this applies to you, you’re within your rights to ask your bank if any of your debts are covered by this type of insurance.

Some people may imagine they have left it too late to consider making PPI claims, but it’s always worth finding out what your position is. If your PPI was active six years ago or less you are definitely in line for a refund, but if it ended longer ago than that, don’t despair. It’s still worth putting in a claim, and many people in your situation have been delighted by their success.

Even if you’ve since forgotten who your lender was, it’s still possible to find this information from your personal credit reference files. If you’ve lost the paperwork, you can make a claim without it, or, under the Consumer Credit Act your lender is obliged to supply details of the arrangement on request.

If you have more than one loan or card with PPI you can claim for every single instance in which you were mis-sold the product. Even if the company has gone bust, you’re entitled to claim a refund from the current owner.

There’s really no reason not to make a PPI claim today.

Posted in Refund Claim |

PPI Claims Back – Can You Get A Refund?

February 10th, 2013

It is quite strange that even though mis-selling of PPI is not at all an uncommon phenomenon in the UK, people are still apprehensive about whether it is possible to get a PPI claim back or not when they have been mis-sold a PPI policy as though this is the first time that something like this is occurring. Everyday, thousands of people are mis-sold PPI policies by the staff members of unscrupulous banks or financial institutions. What’s worse, a majority of these individuals would never realize that they have been tricked, and for the minority that realizes, they are still doubtful about whether they can get a refund or not.Claim Back PPI

Getting a PPI claim back is nothing uncommon and definitely not an unachievable task in today’s world. There are lots of claims specialists and PPI claim companies in the UK market today, so seeking professional help is definitely not an issue. If you are very sure of the fact that you are still paying for a PPI policy that has been mis-sold to you in the first place then the next step that you should take is to apply for a PPI refund.

In order to have a PPI claim back through a UK claims company, the first thing that you need to do is to fill in a PPI refunds application form which can be found online. Here, you need to fill in all the details pertaining to yourself and your policy in an accurate manner so that your request for a PPI refund can be processed.

Depending on the company you’ve chosen, you might get a follow up call on the same day, the next day or after a few days. The staff of the claims company would ask you a series of questions to understand your case better. The better acquainted they are with your case, the higher would be the chances of them succeeding in claiming for a PPI refund on your behalf!

Posted in Claim Back PPI |