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All You Need to Know about Making PPI Claim by james bond





Article Author Biography
All You Need to Know about Making PPI Claim by
Article Posted: 10/02/2012
Article Views: 79
Articles Written: 87
Word Count: 524
Article Votes: 0
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All You Need to Know about Making PPI Claim


 
Finance & Investment
Payment Protection Insurance or commonly known as PPI is an insurance policy taken out to ensure the repayment of the loan instalments in case the consumer cannot pay them timely due to some unforeseen calamity. It is beneficial if used correctly but has been mis-sold by the banks and other financial institutions to the gullible customers so that they can make profits.

If you have taken out a loan or a mortgage or any other credit agreement in the recent few years from a bank or any other loan agency then it is possible that you have been sold a PPI. To find out whether or not you fit the criterion for making a claim on mis sold ppi answer the following simple questions in yes or no. if you answer even a single question in yes then you have a mis-sold PPI policy and may be due compensation even if you have paid off the loan.

1. You were not in work or self employed at the time of sale 2. You were told that you had to take the PPI out at the same time as the loan or not at all 3. You were not asked whether you had any other insurance which would cover the loan 4. You were not told you could buy PPI elsewhere to cover the loan 5. You paid upfront for the PPI but it was not explained that there were some PPI policies where you could pay monthly 6. You were sold a policy which had age restrictions, like under 18 or above 65, which you fell outside of 7. You were led to believe that Payment Protection Insurance was compulsory 8. You were pressured into buying the PPI 9. You were told that you would stand more chance of getting the loan if you took the Payment Protection Insurance 10. It was not explained to you that there were certain exclusions like some medical conditions which are not covered within the policy that could affect you 11. The Terms & Conditions of the small print were not fully explained to you. 12. Your PPI was an upfront premium and you repaid the loan early and received no refund 13. You increased your loan and the free ppi claim company was increased automatically We are a customer-oriented organisation where you come first. We serve you by helping you with: • Identifying whether or not you have a mis-sold PPI • How many mis-sold PPI you have • How much amount can you claim • All the paperwork and legal hassles. So give our refund specialists a call now on 08432890761 and start planning what you will do with all the extra money. As per the regulation of the government we work on No Win No Fee basis so you need not to worry about the expenses. We are here to support you till you get the money in your account, not only till you win the claim. So give us a call now and find out how much money you can claim then sit back and relax and plan how you will spend it while we work to get the money for you.

Related Articles - ppi claim, ppi compensation, ppi claim liverpool,

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