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If you are concerned about the payment protection insurance which was taken out with a past loan you could be able to make a ppi reclaim. The first thing to do is find any paper work you have concerning the loan, such as past statements and the contract agreement that you signed. Once you have these it is a good idea to get into with a ppi claims solicitor and request a free consultation. A Free Consultation Can Determine if You Have a Reason to Claim At the consultation, which can be done over the telephone, the advisor will ask you details concerning your experience with the payment protection insurance. There are many reasons why a ppi reclaim is considered necessary and the solicitor will want to find out if you do have a good reason to pursue compensation. Common Reasons Behind Payment Protection Insurance Claims Some of the most common reasons for claims of this type include the banks not telling their customers about the insurance being applied to their account and even making their customers feel they had to take out the insurance in order to be given the loan. In many cases the insurance was discussed however the customers’ circumstances were never really taking into account. That meant that some people were paying for payment protection when they did not actually qualify. So if they were to lose their income for any reason the payment protection insurance would have never been paid out, leaving the customer out of pocket and in financial difficulty. The types of people who may have been affected by this type of miss-selling include the self-employed, the retired and students. There are also a few professions that do not qualify for the insurance. Making a Claim If the solicitor feels you have a reason to make a ppi reclaim you will be sent some information in the post and a form to sign. The form gives the solicitors permission to speak on your behalf and means that the solicitors can go ahead and represent you throughout the duration of the claim. You will also need to send of any paper work you have so a full investigation can be carried out. From there the solicitor will either go ahead with the claim to try and win you the compensation you deserve or they will suggest a claim is not appropriate. Contact a no win – no fee solicitor and find out more about making a ppi reclaim.
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