How to claim back PPI
You have probably seen the news on the television, the internet as well as numerous print sources in regards to the fiasco regarding payment protection insurance and all the consumers who are claiming back PPI repayments and fees. This has been an ongoing situation for the past several years throughout the UK.
As a consumer who may have taken out a new credit card, mortgage loan or personal loan through credit card companies, loan companies and top banking institutes, are you asking yourself “can I claim back ppi?” Most likely if you acquired one of the aforementioned over the last six or so years, the answer could most likely seem that yes you can make a PPI claim.
Be aware there are numerous reasons why you may be eligible to claim back payment protection fees. One common instance of mis sold PPI is that the financial lender has not fully explained and or even questioned the applicant in regards to their circumstances. Did your lender assess your financial circumstances or check your medical history? These are two very large factors if left out the borrower may end up being denied money if the circumstance arose that they needed to claim on the policy. Note that if you are self-employed or have not been with your current employer for twelve months you may not be eligible to claim PPI in some circumstances. In regards to medical conditions, there are many pre-existing conditions that will automatically make you ineligible for payment protection insurance coverage.
Yet another common situation where a customer has a legitimate reason for making a PPI claim is if a banking institution forced you to obtain the PPI by straight out telling you or simply by implying that your loan would not be approved if you denied the insurance.
What can you do if you wish to claim back PPI? The first step would be to make certain you are eligible to make a claim. We know the ins and outs of making a claim and can manage the claim on your behalf on a no win no fee basis, whereby we charge a flat fee of 25% plus VAT of any compensation award we obtain on your behalf.
