Archive for June 13, 2012
If you are like millions of other people you are probably interested in finding out more about how to file a mis sold PPI claim. A mis sold PPI claim is a claim that you can file with your financial institution if you have a loan or line of credit through them and also have purchased PPI. PPI is payment protection insurance. It is meant to protect your credit rating if you lose your job, get laid off or get injured and can’t work any longer to make your loan payments. A lot of people have been mis sold PPI insurance and can file a mis sold PPI claim in order to get a refund on their premiums.
You see, the banks and other financial institutions were mis representing PPI. Not all lenders are guilty of this, but countless lenders are. They have mis represented PPI in many different ways and you may be able to file a mis sold PPI claim if you bought this insurance. One reason people can file a mis sold PPI claim is if your lender used strong arm tactics on you to get you to buy it. Say for instance, they told you that you couldn’t get your loan or line of credit unless you bought PPI as well. You may not have even needed PPI, but they talked you into it anyway.
Another reason people can file a mis sold PPI claim is because the lender did not clearly explain the terms. Some people have purchased this insurance while misunderstanding the terms. Say for instance they didn’t know there were exclusions. Or, perhaps they didn’t know about the penalties for being late on their PPI premiums, etc. The whole issue of being sold PPI under unethical terms has brought about a court case and a High Court ruling that instructs lenders to inform their customers that they may be eligible to file a mis sold PPI claim. If you think you qualify for a mis sold ppi claim, contact your lender today. If your lender doesn’t respond to your mis sold PPI claim you should contact specialists for further help with filing a mis sold PPI claim.