Reasons for Increasing Cases of PPI Reclaim

September 23, 2011 | Author: | Posted in Auto Loans | 836 views
PPI Claim Success

PPI Claim Success

Ppi or payment protection insurance have been added to an estimated 2 million loan agreements without the clients wanting, needing or knowing about it. It is no wonder that the ppi reclaim actions is so popular when you consider that eager sales representatives could have included a policy with your loan which may be costing you hundreds of pounds a month even if you didn’t ask for it.

It does not matter if you have currently paid back your loan, it is possible to still get your ppi reclaim but it’s important to start out the process immediately as the queue is growing so fast. If the thought of building a ppi reclaim is putting you off through the fear of hard work or legal dispute, you do not have to worry as you can produce a ppi reclaim with the aid of the expert lawyers in this field.
If you are not sure when you have an eligible ppi reclaim case, confirm the situations below and if in the event you fall into any of them, you can begin the process of your ppi reclaim immediately.

If you were retired, unemployed, self employed, a student, housewife, on benefits when the ppi was offered to you, then you should create a ppi reclaim because the policy is worthless to you in these situations.

If you were told you have to take out a ppi policy in order to qualify for the loan you applied, then ppi reclaim can even be made, especially if you haven’t been told that you’re free to purchase the policy from any other supplier.

In case you already had a ppi policy in place but weren’t asked by the sales representative; you may have been covered by an existing policy, then the ppi policy that was sold to you was useless and because of this you can make a ppi reclaim to claim back the money you paid for it.

If you were not about the instances where in you can’t make a claim, then the policy was also mis-sold to you and can make a claim.

If you paid for the ppi in one lump sum, and the sales representative failed to tell you that you might actually pay for it monthly, then it could also been mis-sold.

These are generally some of the widespread mis-selling practices of many banks and lenders. If in case this took place to you, then you can certainly start out your ppi reclaim against your mortgage lender.

James David writes about PPI reclaim and other financial products for United Kingdom based site www.mis-sold-ppi.com. He also lifts the lid on unfair bank charges and the financial claims niche generally, as well as writing pieces on personal finance, house sales, repossession and business finance.

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