With all the bad press about the PPI scandal there are some good points and cases about PPI refunds.
In the past several years there have been investigations a plenty into PPI claims that have shown they have been misrepresented to too many unsuspecting customers.
This type of insurance is designed to protect the buyer in the event of unemployment, sickness or an accident. It simply protects the debt until it can be re-assumed, this is great for those who want it however many lenders have miss sold the insurance to customers by not explaining it or failing to mention it at all. Many customers were even told that the insurance was mandatory and will increase their chances of getting a loan. This is a complete misrepresentation of the facts.
There are several other considerations that might indicate wrong doing, often the elderly, self employed and retired are victims to miss sold PPI. If you were in one of these categories when you borrowed money, it is a good idea to do some extensive research on how you can get the best claim for PPI. One of the most important items to consider is whether or not there was any pressure about buying PPI.
There are however a number of benefits you can get with PPI refunding:
- You can legally get the right amount of money that you are owed from whatever claim you have.
- You are able to make claims in the least stressful ways possible; the process is fairly straight forward.
- Genuine and reliable companies offer services across a wide range of compensation claims including health insurance claims, credit card overpayments plus much more.
- There are many benefits associated with claims management companies, things like quick and easy repayment options, leasing, finance options and many others.
An astonishing number of people have been missold payment protection insurance. So if you took out a loan or got a credit card in the last decade which included PPI you can most likely reclaim the back premiums you paid – plus interest.
Don’t wait, do something now and register a complaint. Remember to make sure that you have all of the relevant and correct information you need before filing your complaint. You will need to be able to back up your claim and give evidence. Like anything else it is a good idea to do some research before you act upon your complaint as it will help to reinforce your case as well as your understanding.
Aidan currently writes for Easy PPI recovery, a company that helps you to claim back PPI quickly and easily.