Many banks have been mis-selling payment protection insurance (PPI) for a number of years. This article will help you establish whether you have been mis-sold payment protection insurance, and explain the best way to make a claim.
PPI is an insurance often sold with a bank loan or credit card. It is
purchased to protect your repayments should you find yourself unable to
work for any reason, the general assumption being that your PPI will
cover the repayments of your loan if you ever find yourself in this
position. So it must be a good thing, yes? Well, actually its been
discovered that a high percentage of PPI policies were in fact
worthless, and would have been of little benefit to a person making a
claim. In fact, many people who were sold PPI did not even know they had
the policy!
Its quite easy to assess whether you may have been
mis-sold payment protection insurance. If you can answer yes to any of
the statements below you may be entitled to make a payment protection
insurance claim.
1. You didnt ask for PPI but it was added to the policy anyway.
2. You were told the PPI was compulsory, or your loan or credit card will not be approved without it.
3. You were not made aware that PPI was optional, or you were not told you could shop around for it elsewhere.
4. You were unemployed, self-employed or retired when you took out the cover.
So
now you will have a good idea of whether or not you are in a position
to reclaim payment protection insurance. The next question you are
probably asking is so what do I do about it?. Well, you are now able
to pursue a company to help you make your claim.
A claims company
will do all of the hard work for you. There are many around and most
work on a no win, no fee policy. This means if your claim is
unsuccessful you pay the claims company nothing
, so you have nothing to
lose! A good claims company will help you every step of the way so you
do not have to deal with the bank yourself.
Good luck with your claim!
Source: Free Articles from ArticlesFactory.com
ABOUT THE AUTHOR
If you want to find out more about making a payment protection insurance claim visit ABC Claims Management.
ABC is one of the UKs leading claims management companies. They offer
free consultations either via the telephone or in a face to face meeting
in your own home, and they work on a no win, no fee basis.
Click here for more information on mis-sold payment protection insurance.
If you want to find out more about making a payment protection insurance claim visit ABC Claims Management.
ABC is one of the UKs leading claims management companies. They offer
free consultations either via the telephone or in a face to face meeting
in your own home, and they work on a no win, no fee basis.
Click here for more information on mis-sold payment protection insurance.