Tag Archives: sold ppi
We are going to focus our attention on the benefits that one can get by reclaiming his or her Mis Sold PPI Claims UK. When we talk of mis-sold PPI claims, what we are talking about is the payment protection insurance that one may have paid on his or her loan or mortgage. This is a kind of an insurance cover that one is supposed to pay when he or she has applied for a loan or a mortgage. This insurance cover is supposed to cover for the loan amount or the mortgage money that one may end up defaulting on payment. It is important for all of us to note that this kind of an insurance is not compulsory and as such, no one should ever be forced to pay for this insurance cover. As long as one is in a position to pay for his or her loan or mortgage, then he or she should never be forced to take the payment protection insurance. If you have been paying for this kind of an insurance cover, then you need to know that you are entitled to a refund of the same. As such, you can apply for the refund as an individual or you can hire a claims management company to reclaim the money for you.
We are going to focus our attention on the kind of an insurance cover called the PPI, or the payment protection insurance. This is an insurance cover that is taken by those people who take loans from the companies that give loans. This kind of an insurance is also taken by the people who are newly applying for credit cards. For your information, this kind an insurance cover is not compulsory. Therefore, one should never be forced to take it. When one has been sold this cover without his or her knowledge, then it is referred to as mis sold PPI. Mis Sold PPI is common here in the United Kingdom. We would like to inform you that PPI can be claimed back. As such, if you have been paying for the payment protection insurance for the last six years, then it is important that you apply to have it refunded to you. It is possible to have the insurance installments that you have been paying as PPI refunded to you. The process is very easy for you. You only need to apply for it and the insurance company that hed covered your payments will refund the money to you. However, there is a lot of paperwork that is involved.