Facts about PPI You should Know - 2 views
started by ppi claims on 25 Feb 14
started by ppi claims on 25 Feb 14
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started by ppi claims on 25 Feb 14
Cases of Mis-sold PPI
Most of the lenders did not take into account the customers' best interests when they included the PPI policies in the loans that were sold. There are several instances where the customers were not informed on the inclusion of the PPI policy in their credit card or loan payment. To know if you have been mis-sold, you need to get more detailed info by visiting this page about ppi website. Generally the mis-selling holds good if you were not informed about it or if you want it or need it.
Recovery of PPI
To reclaim your money there are several sites online that help you with the relevant info on making the claim. You need to fill in the online form, which requests info on the PPI policy you have taken. When the PPI info on the policies you have held is discovered, you can get the compensation easily. payment protection insurance -ppiclaims4you.co.uk website also gives you the required assistance in this regard.
Specific Criteria You should be Aware of
There are many reasons for a PPI policy to be mis-sold to you though the simplest being not knowing about it, needing it or asking for it. Here is some important info related to the specific reasons.
* The exact cost of the policy was not made clear to you.
* The term of the policy was shorter when compared to the loan term it was insured on.
* The clauses of exclusion was not clearly explained which resulted in your claim not being covered.
* The circumstances caused you to never being able to claim like being over 65 years or you were only partly employed.
Other reasons include the cost of the policy being similar to the entire benefits of the policy in case you made a claim and not being given info on the presence of other alternative policies available.