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Tag Archives: PPI
Can I Reclaim My PPI?
If you have taken out a financial product in the last ten years such as a mortgage, personal loan or credit it is almost certain that you were sold payment protection insurance from your lender. PPI ideally covers your ability to repay your debt should you find yourself in difficult circumstances such as injured or unemployed, however, the lenders found a loophole and have been selling PPI to customers who were not eligible for the cover or who did not fit the particulars of the PPI they were sold. Continue reading
Posted in Legal
Tagged Banks, claim, claims, Law, Legal, payment protection insurance, PPI, reclaim, Solicitors
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Will I Be Able To Get My PPI Payments Back?
If you have taken out a mortgage, personal loan or credit it is almost certain that you were sold payment protection insurance from your lender. PPI ideally covers your ability to repay your debt should you find yourself in difficult circumstances such as injured or unemployed, however, the lenders found a loophole and have been selling PPI to customers who were not eligible for the cover or who did not fit the particulars of the PPI they were sold. If you have paid for PPI you may be entitled to claim this money back. What you may not be aware of is why you could be eligible to claim and why the banks could face a huge wave of payouts Continue reading
Why NOT To Take Out PPI
Payment Protection Insurance is designed to protect consumer’s abilities to repay their debts in the event of something unforeseen. However in recent times, it has been brought to light that banks and lenders are exploiting the product through tenuous loopholes. It has been sold to people who are unaware, cant afford it or want it but don’t know they are ineligible. Most banks cunningly tag on PPI to any loan or credit and bank are pressured with bonus incentives to sell as much as possible. Continue reading
Loan Companies Penalized Millions For Missold PPI
If you reside in the UK and have applied for a loan, mortgage or just a credit card over the last six or so years, you have most certainly been mis sold payment protection insurance. It has been established a growing number of larger banking companies have already been discovered to utilise questionable practices to be able to encourage the particular customer they must purchase PPI. Most of these sales agents acquired a sizable commission for each purchase hence mis-selling devoid of bearing in mind what was in the best interest of the borrower. Continue reading
Posted in Legal
Tagged business, insurance, Legal, mis sold payment protection insurance, PPI, ppi claims, reclaim ppi
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Learn If You Can File PPI Claims
Payment protection insurance (PPI) might actually be an invaluable security for the purpose of anyone with a family unit, house, as well as bills. PPI seemed to be developed with the idea to assist borrowers or perhaps credit card holders help repay monthly bills from 1 year to two years in the event they were not able to work. The issue which has been taking place is actually a large number of corporations have mis sold payment protection insurance to customers. Continue reading
Posted in Legal
Tagged business, insurance, Legal, mis sold payment protection insurance, PPI, ppi claims, reclaim ppi
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Were You Missold Payment Protection Insurance?
From 2005 onwards the sale of Payment Protection Insurance (PPI) has been regulated by the Financial Services Authority (FSA). The FSA created a set of rules that are very clear and dictate what firms and advisers selling payment protection should do and say at the time of sale. Misold or miselling a police can occur if the advisor fails to adhere to these rules. Continue reading
The PPI Con
Consumers should feel secure that their Payment Protection Insurance will cover their debt repayments if something unexpected happens they are covered for, but more and more people are feeling like it is one big con. It has been sold to people who are uninformed borrowers who can’t afford it and even people who want it but don’t know they are ineligible. Continue reading