How to Claim Mis-Sold PPI Quickly and Easily
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If you’ve taken out a loan or mortgage in the past ten years or you’ve signed for a new credit card, you may be entitled to £7,000 in mis-sold PPI. Learning how to claim mis-sold PPI can get you a lump sum in your bank account quickly and easily.
What are PPI and How Was It Mis-Sold to Me
When you sign for everything, you read the documentation thoroughly before putting pen to paper. That is how you know you’re not paying for anything you’re not meant to. You could be wrong. The PPI policy was full of exclusions that weren’t told to the customers.
This means that if you have a medical condition, you are self-employed, a pensioner or a student you are excluded from the policy and may be paying for something you will never use. What’s worse is the majority of PPI don’t cover you for the full amount of the loan.
In a majority of cases, PPI was automatically added to your account without your knowledge and in a couple of cases you were advised that you had to have it in order to qualify due to your work situation. The costs were probably not explained to you and you weren’t advised of the exclusions in the policy, this means you have a mis-sold PPI and you can claim your money back.
How Do I Know If I’m paying For Payment Protection Insurance?
Often you aren’t even aware you are paying for payment protection insurance, but did you know that up to forty per cent of your payments to towards this policy, which you will never use.
If you have taken out a loan or mortgage, it should reflect in your documentation whether you are paying for PPI and if you have a credit card it should reflect on your monthly statement.
What can I do About It?
After thoroughly checking your documentation you find that you are paying for protection you will never use, cannot use or doesn’t cover the full amount. Contact a specialist company who will have a brief telephonic conversation with you to determine whether you qualify. You will then receive a claim pack in the post for you to peruse, sign and date before sending back. Once the specialist company has all your documentation they will claim for you and within a short period you can enjoy a lump sum paid into your bank account and you will enjoy lower monthly payments. |
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Author Resource:-
Find out how to claim mis-sold PPI today and you can enjoy lower monthly payments and a cash sum paid into your bank for all the money you’ve paid out over the past few years.
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By :
Gareth Hoyle
Submitted
2011-11-15 07:38:12 |
Article From Article Mayhem
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