In recent years it has emerged that banks and lenders have been mis-selling PPI to unsuspecting customers as part of loans. PPI protects the lender in the event of customer death or inability to repay a loan. Although it is the customer that pays the PPI, it is the lender who reaps the benefits. Since
Personal Protection Insurance (PPI) was mis-sold if you neither wanted nor needed it. You could have been mis-sold PPI and not even be aware of this. If you’ve taken out a credit card or loan in recent years you may well be able to reclaim. Often it was referred to as being ‘essential’, and therefore
Payment protection insurance (PPI) covers credit and loan payments when the policy holder is unable to make the monthly payments anymore due to certain unforeseen circumstances. Thousands of PPI policies through out the country were mis-sold in a number of ways, therefore, people can claim refunds. One of the steps to making a claim for
A PPI claim is a claim that is normally made by a borrower to a lender who mis-sold PPI. PPI stands for payment protection insurance. As the name suggests, this is an insurance product that provides safety and cover against any monthly loan repayments that cannot be made by the borrower due to them either
Most UK residents that bought their house using a mortgage loan or bought their car using a car loan probably have an insurance policy that protects them in the event they are unable to repay their loan or credit facility. This insurance cover is called PPI or payments protection insurance. Many credit card holders have
If you are wondering what is a PPI claim then it is best to understand the basics in relation to these PPI policies. A PPI insurance policy is basically a payments protection insurance policy. It is insurance that is designed to provide cover to most of us UK residents holding loans or credit of one
PPI Claims have made headlines recently in the news in Britain. There has been great controversy over mis sold PPI policies by the banking institutions. A ruling was made by Britain’s High Court to impose tougher restrictions concerning PPIs or payment protection insurance policies. As a result, many consumers in Britain may be considered eligible
Part of the preparation for claiming back PPI is calculating just how much money you are claiming. This can be a very challenging thing especially if you do not know how to do it. You can run the risk of miscalculating and you either ask for too much than you should and fail to get