An insight to PPI and PPI claims

To begin with this one way discussion, let’s just first look into what the term PPI means as most of you may be unfamiliar with it.

PPI is basically an insurance plan or insurance cover which is provided by financial institutions along with various kinds of loans and financial instruments for the purpose of providing an alternative to an individual, if the individual due to some unforeseen becomes incapable of meeting the monthly repayments required under the loan obligations.  

Similarly many people who have such policies are unaware of how to file effective PPI Claims which will be discussed here later.

Are there any premium payments involved in PPI?

PPI is offered by both banking and other financial institutions. Most of the banking concerns provide them as a part of the loan package but in many cases where people go for such insurance from other financial institutions, they will surely charge you monthly premium payments.

When can a person exercise this insurance plan?

Individuals who have availed such insurance can claim or ask their service providers to help them out in their monthly repayments in case they face an accident, face illness, lose their job or some other reason. Important thing to known here is that the reasons may be plenty and may vary with the terms and conditions as have been mutually agreed upon by the service providers and their clients.

PPI Claims and reclaims

There may be two scenarios in case of PPI Claims, one is that the person was mis-sold such PPI and the other is that the plan bought did not prove fruitful in any way.  In the first case where the PPI which was validly sold to person proves useless in the end, a person can reclaim it from the lender. Here the lender who has validly sold such policy can exercise his discretionary power and may repay the full amount or only a part of the reclaim.

The second case is the case where a PPI was mis-sold. Mis-selling of ppi can be in various forms which need to be studied before going for a PPI claim. Many cases have been seen in UK where such plans were sold to people by asserting that it’s a mandatory part of their loan package and this has been strictly prohibited by law. It is the duty of such services providers to look in the circumstances of the individual to make sure that an individual needs such plan and if it is sold without such need, then it will count as an invalid sale and will give rise to PPI claims. Similarly another duty which has been implied by law on services provider is to make their clients clear about the different provisions and payments which they will require making. In case of any hidden provisions, premiums or charges, the lenders will be held liable and they will have to compensate their clients.  There are many other aspects which you people need to learn about PPI and it’s always better to consult some neutral financial expert before you get involved in such insurance plans.

How to go about insurance claims and ppi claims

Successful claims for any insurance policy are never easy to make as the insurance providers make you go through a lot of formalities and procedures which stresses your nerves.  Every year all over UK, insurance claims are filed for a large variety of purposes like Accidents insurance claims, PPI, dental insurance, life insurance etc.

Types of insurance claims and awareness to clauses:

Accidents claims are filed in various shapes depending on the policy you have taken e.g. car accident claims, road accident claims, motor cycle accident claims, whiplash accident claims and work accident claims etc. Every insurance policy has its distinct features or clauses which are pre-decided between the policy lender and customer but the fact is that most of the customers are unaware of the implications of various clauses. The aforementioned fact makes a policy taker disable to draft a solid case for filing a claim and they are manipulated by policy lenders which results is an insufficient compensation. So it’s mandatory for every customer to be fully aware of the policy clauses so that they can file strong Accidents insurance claims.  Similar is the problem with people who take PPI policies as most of them do not even know whether a policy is required in their scenario or whether the policy is beneficial in their case. Having said that, it’s a proven fact that many of the policy takers do not possess the knowledge or skill to understand the procedures and formalities of filing a claim and this is where the role of expert solicitors or professionals comes into play.

Steps for smooth processing of insurance claims:

The best way to go through a simple and sleek process of claiming compensation for insurance policies is to hire skilled and well reputed solicitors who are expert and qualified in this domain. The first thing to understand here is that Accidents insurance claims and PPI claims are both insurance claims but are somewhat different in their implications and for this reason you need to hire consultants who specialize or are experienced in these specific domains. Reason being that an accident claims consultant though may be qualified to deal in ppi claims, but may only have a rich experience in one of them.  Still you can find many experts in UK who have the experience in a variety of cases and they are the best choice for any of your claim. 

Mis-Sold PPI: How to Claim

When people take loans of any sort, i.e. whether consumer loans or corporate loans, there is a high probability of being sold the insurance policies made to cover your loan payments in case you become unable to pay your loan back.

 It is a broader term used for different sort of insurance policies, but basically the idea behind it is simple; when you take a loan you have to pay it back and if due to some unforeseen circumstances you become unable to pay it back, this policy will enable you to cover your payments in a timely manner. It usually covers your payments in an event of involuntary idleness, like you losing your job or not getting a job, but sometimes also covers your payment in events of illness or accident. Due to this uncertainty attached with the repayment of loans, they are usually sold along with the insurance.

To find out whether you have been sold PPI, go through all the paperwork which was done at the time of taking loan. If you have been sold the policy it must be somewhere reported on the contract papers. If you do not have the contract papers with you or are unclear about anything, then you must contact your lender or the finance sponsor. Given below is a list of questions that will enable you to identify that you were mis sold PPI, if you have negative responses for these questions.

Although the idea behind the policy was to facilitate the borrowers, some lenders and the finance sponsors used it for their benefits. The most common reasons or ways of mis selling the policy are as follows:

·         You were told that the acquisition of the policy along with the loan is mandatory

·         You were advised to take this policy so that you end up getting more loan

·         Sometimes it is added in the contract without your knowledge of it

·         You were retired, i.e. above 65, temporarily unemployed, not self dependent, i.e. may be below the age of 16, or had any other health related issue

·         You already had other loans

To facilitate the borrowers and save them from any further damage the Financial Services Authority (FSA) had made some guidelines, which all the lenders and the issuer of the loans and insurance policy have to follow. If anyone violates these guidelines, they will be penalized and the borrowers can claim PPI policy. The borrowers can go through the guidelines and then determine if they were mis sold. On being mis sold the policy they can first contact their lenders on their own and try resolving the issue. If this fails to work then they may formally PPI claim charges back with the help of legal advisors. 

Mis-sold Payment Protection Insurance (PPI)

The recent influx of mis sold Payment Protection Insurance claims have raised questions towards the ethical standing of many of the financial institutions, insurance brokers and lenders.  When the word of UK PPI scandals broke out in the recent years, many borrowers became conscious of the fact that they have been mis sold the UK PPI. As a result, many compensation claims were filed against the responsible authorities such as the banks. In order to have a successful claim it is important to know that how have you been mis sold the insurance policy.

In today’s competitive world almost everyone has taken some sort of loan, sometimes to fulfill the basic and justifiable needs, other times to fulfill their luxurious needs. However, repayment of the loan is one important factor to keep in mind. Failure to make the payments on time can have serious repercussions and so policies like Payment Protection Insurance were made to help the borrowers in repaying their loans.  Basically this policy covers your payments when you are faced with involuntary redundancy, i.e. if you lose your job or sometimes when you are ill, in such a situation it is not possible for the borrower to return the amount in a timely manner.  

The successful completion of the mis sold PPI claims vary from case to case and so it is important to know as to how the policy was sold. There a number of ways to mis sell the policy. Some of which are discussed below:

·         Unaware of the policy being sold: while you take a loan, the insurance policy is added to your contract without you having knowledge of it. If you are unaware of the fact that you have the insurance policy along with the loan, then there is a high probability of being mis sold the policy attached with it. But before making a claim it is prudent to be sure of it, and for that you should first go through the contract papers and try to find out if you have actually been sold the policy. It must be stated somewhere on the papers in case of being sold the policy.  

·         Acquisition of the policy is mandatory: when the brokers emphasize  that you are not entitled to receive a loan just because you are not signing up for the policy or that acquiring the policy might help you in getting greater amount of loans, then it is an indication that you can successfully claim your money back.

·         Other times the brokers’ mis sell the policy by not disclosing full information in front of the customers when it is indeed possible for them to buy it on cheap rates.

Why Many People are Filing PPI Claims

Most of the people who took loans over the last decade prefer to register Claims PPI (Payment Protection Insurance). Mostly recipients purchase PPI when they take out a loan. On the other hand, many consumers have been deceived about getting this kind of insurance on a loan. There are few very common malpractices that lenders have been guilty of for some years now. One of the common ones is miss-selling of overpriced and useless “Payment Protection Insurance” who’s only purpose is to make extra money for the lender without any benefit to the borrower. Is that normal? Does that happen many times? Yes, it is very common.

The effect of this kind of thing usually is that you end up paying approximately one and a half times as much as if you had just borrowed the money without this hidden extra attached to it!

It is very common that many borrowers are trying to reclaim some of their money they spent on invalid insurance policies. Mostly customers have been mis-sold about the insurance policy. People are filing PPI Claims for quite a few reasons for instance, if “completely guarded” based quotes were offered or in most of the cases if they were given the wrong impression about those are ineligible who are not employed or retired. People may also file PPI Claims if the stipulations of the financial institution were not entirely insured by the policy or may be if they were not asked about pre-existing conditions.

The truth about the PPI policies is that the people who pay for them are mostly ineligible to obtain the advantages. There are lots of conditions and restrictions set on the insurance policies that are not quite consummate to collect and this is exactly why most of the people are filling their PPI claim. The question is how far back can you claim PPI? Payment protection insurance is often mis-sold when getting a loan or credit. PPI is not valid if a person is unemployed, retired or a student. PPI is not a compulsory product. People could be owed thousands of pounds in compensation!

If you know that you are having mis sold PPI then simply claim PPI

The world has become too materialistic since money has gained its importance. These days where money is present, cheat and fraud are also a part some way or the other. From past few years it has been seen that large number of financial lenders who provide loans do cheat while making an agreement regarding loan. Either they mis sell something in order to make unacceptable profit or they use dome other cheap trick to make unnecessary profit. Mis sold PPI is one of the common methods used by these money lenders. This was witnessed a lot in European countries, especially in the United Kingdom. That is why its government made extremely strict laws against those money lenders who use such cheap methods to make extra profit.

Payment Protection Insurance is actually a product of insurance which is meant to recover the money of the financial lender during such circumstances when the borrower’s income is being affected. If the borrower is going through a medical problem due to which he is not able to earn money then Payment Protection Insurance proves to be useful for the money lender. When the borrower dies then it proves to be useful but in most of the cases it does not seem to be a good insurance. Mainly because of the fact that loans are short term compared to this insurance. But since government has passed some laws regarding it people can now claim PPI

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A person who has been mis sold PPI can recover his lost money by claiming his or her Payment Protection Insurance but it cannot be done without a good lawyer’s help. In order to file a case for claiming it people need to contact a renowned firm of lawyers which have a good reputation in such cases. Common people do not have sufficient knowledge regarding the rules and regulations associated with the cases of claiming Payment Protection Insurance. That is the reason people need to hire a lawyer who has great knowledge of every law which is linked with such problems.

If you know that you are having mis sold PPI then simply claim PPI to recover the lost amount

The world has become too materialistic since money has gained its importance. These days where money is present, cheat and fraud are also a part some way or the other. From past few years it has been seen that large number of financial lenders who provide loans do cheat while making an agreement regarding loan. Either they mis sell something in order to make unacceptable profit or they use dome other cheap trick to make unnecessary profit. Mis sold PPI is one of the common methods used by these money lenders. This was witnessed a lot in European countries, especially in the United Kingdom. That is why its government made extremely strict laws against those money lenders who use such cheap methods to make extra profit.

Payment Protection Insurance is actually a product of insurance which is meant to recover the money of the financial lender during such circumstances when the borrower’s income is being affected. If the borrower is going through a medical problem due to which he is not able to earn money then Payment Protection Insurance proves to be useful for the money lender. When the borrower dies then it proves to be useful but in most of the cases it does not seem to be a good insurance. Mainly because of the fact that loans are short term compared to this insurance. But since government has passed some laws regarding it people can now claim PPI.

A person who has been mis sold PPI can recover his lost money by claiming his or her Payment Protection Insurance but it cannot be done without a good lawyer’s help. In order to file a case for claiming it people need to contact a renowned firm of lawyers which have a good reputation in such cases. Common people do not have sufficient knowledge regarding the rules and regulations associated with the cases of claiming Payment Protection Insurance. That is the reason people need to hire a lawyer who has great knowledge of every law which is linked with such problems.

To claim PPI people need to go through some procedures which cannot be passed without a lawyer’s help. First you need to contact a firm which will help you in understanding that whether you really have mis sold Payment Protection Insurance or not. If you are found to be its victim then they will help you understand the further processes associated with its claiming. This way they will guide you step by step from the filing of case till the end result which will be announced by the court. And if you would be working with a renowned and experienced team of lawyers then you will definitely win the case.

Preventative Measures taken to overcome the Problems of PPI Policies

With an increasing trend in use of consumer loans, purchase of Payment Protection Insurance (PPI) is also increasing. Although, this insurance is supposed to provide relief to the consumers it gives rise to some problems as well. One of the problems arises when a claim on PPI is turned down i.e. after buying a protection policy when the consumer claims its payment the issuer company of the insurance refuses to pay it back. Another problem is of mis sold PPI, which mainly is our concern here. In the past few years immense amount of complaints were made against the lenders, and so to assist these people in making PPI claims many PPI claim companies came into being.

Payment Protection Insurance (PPI):

What happens if you take a loan and due to some reasons it becomes impossible for you to pay it back? This was the question that the makers of PPI policy had in mind. PPI is something that can be purchased to assure payments of any kind of consumer loans in case a borrower is unable to work, it may include circumstance, such as, where the borrower becomes ill or handicapped or dies. The issuers of these PPI are usually banks or insurance companies. PPI are usually purchased when a loan or mortgage is taken but that’s not necessary, sometimes they are also acquired independently. In UK, PPI are also given other names such as loan protection, loan insurance and so on.

Mis Sold PPI:

The policy was apparently prepared to advantage the borrowers; this new creation was introduced as a smart option for the customer. But things did not work as smoothly for the borrowers, as they were perceived to be. Instead, they turned out to be in favor of lenders and the insurance companies or banks. The lenders used some tricks to mis sell these PPI. In some cases, when you took a loan they made acquisition of PPI mandatory. Sometimes, the buyers were not given proper information when they could have ended up buying cheaper PPI. Most of the times, the buyers were unaware of the fact that PPI is being added to the policy.

What are mis sold ppi?

Payment protection insurance is a plan which was devised for those individuals who are having a tough time in managing their repayments under different debts or who are not confident about their future. Future always has an element of unpredictability and a person may lose his job or may get ill in which case he won't be able to pay off his debts. But it's not a hidden fact that thousands and thousands of individuals in UK were sold plans which are not by any means useful for them. Mis sold ppi is both a question of fact and law and it depends on the circumstances of an individual and their dealings with the policy providers. The success of ppi claims depends on the experts which you higher because they can surely make your claim strong.

Most of the people might ask that what constitutes a mis sold ppi. The answer to this question is as follows:

1.       Were you clearly informed with your loan product that the ppi policy is an optional one or you were almost forced into it?

2.       Were you made known about the clauses that relate to medical conditions which are already in existence?

3.       You should have been asked that whether you are self employed or not because if you are self employed, than ppi sold to you will count as mis sold ppi.

4.       Similarly a ppi sold to an unemployed person is in valid.

5.       One payment premium has duration of 5 years and interest payment will also be made for these 5 years on this premium as it becomes a part of your loan. Were you pre-informed about this fact?

6.       People should be informed about the interest payments on the policy and if not, than their ppi claims are valid.

7.       If you were sold a ppi which has no benefit for you and this fact was evident to the policy provider, than it will count as a Mis sold one.

8.       No policy provider is allowed to sate any ppi policy as a mandatory one and they are obliged by law to sell you a plan which suits your condition best.

If you still aren’t sure about the mis selling, than you should go for an expert advice and bear in mind that experts should have experience of such cases. You can find many consultant companies who not only guide you about a Mis sold ppi but they also represent you in the process against the policy lenders. Remember that if ppi providers are including ppi payments in your monthly repayment or if they state that it’s a mandatory part of your loan or card, than it is illegal. It is recommended to go through all the process under an expert's supervision as they will ensure that you regain all your premiums.

Preventative Measures taken to overcome the Problems of PPI Policies

With an increasing trend in use of consumer loans, purchase of Payment Protection Insurance (PPI) is also increasing. Although, this insurance is supposed to provide relief to the consumers it gives rise to some problems as well. One of the problems arises when a claim on PPI is turned down i.e. after buying a protection policy when the consumer claims its payment the issuer company of the insurance refuses to pay it back. Another problem is of mis sold PPI, which mainly is our concern here. In the past few years immense amount of complaints were made against the lenders, and so to assist these people in making PPI claims many PPI claim companies came into being.

Payment Protection Insurance (PPI):

What happens if you take a loan and due to some reasons it becomes impossible for you to pay it back? This was the question that the makers of PPI policy had in mind. PPI is something that can be purchased to assure payments of any kind of consumer loans in case a borrower is unable to work, it may include circumstance, such as, where the borrower becomes ill or handicapped or dies. The issuers of these PPI are usually banks or insurance companies. PPI are usually purchased when a loan or mortgage is taken but that’s not necessary, sometimes they are also acquired independently. In UK, PPI are also given other names such as loan protection, loan insurance and so on.

Mis Sold PPI:

The policy was apparently prepared to advantage the borrowers; this new creation was introduced as a smart option for the customer. But things did not work as smoothly for the borrowers, as they were perceived to be. Instead, they turned out to be in favor of lenders and the insurance companies or banks. The lenders used some tricks to mis sell these PPI. In some cases, when you took a loan they made acquisition of PPI mandatory. Sometimes, the buyers were not given proper information when they could have ended up buying cheaper PPI. Most of the times, the buyers were unaware of the fact that PPI is being added to the policy.

If you are sure to have a mis sold ppi then simply apply for ppi claims to recover the lost money

Frauds with loans and debts are a common thing these days mainly because of the fact that lots of people are associated with different types of loans. Majority of people do not have enough knowledge regarding loans and that is why they fall in the trap of money lenders. People are familiar with only basic things that apply for a loan, do a signature on the agreement and get money in the hands. They do not even realize that they have been cheated by financial lenders. This way most of the times they become victim of mis sold PPI due to which they need to face great loss of money. But this can be stopped and a person can even regain his money by applying for PPI claims.

PPI actually stands for Payment Protection Insurance and it is meant to recover money for the financial provider who has given loan to the borrower. But it works in certain conditions which have only one thing common, that the borrower’s income is badly affected. When the borrower is medically unstable, economically disturbed or is going through any other situation due to which he is not being able to earn then only PPI proves to be an advantage. During the process of explaining the borrower about the contract, financial lenders either skip the part of PPI or only mention its advantages to them but mostly they do not inform them about the disadvantages associated with it. These are ways through which money lenders mis sold PPI. But after witnessing increase in this problem many countries have introduced PPI claims which helps in recovering the money lost due to mis sold PPI.

By applying for PPI claims a person having mis sold PPI can get all the money back and he may even get some concession too, depending on how good the lawyer is. PPI is usually linked with those types of loans that are commonly issued through banks such as loans of credit card. To understand the concept behind mis selling of PPI and PPI claims a person need to consult an expert of this field. Such a professional who can make you understand that whether you are a victim of mis selling of PPI or not. You cannot simply claim PPI whenever you wish. You need to have strong evidences which can prove that you are a victim in the eyes of law and order of the country.

Reasons behind Mis Sold PPI

Here firstly we will discuss that what is PPI or payment protection insurance? And why should make PPI claims? PPI have also other market names such as credit insurance, loan repayment insurance and credit protection insurance. PPI is a type of insurance which allows an individual for the repayment of money given to the other person. If some mishap occurs such as he/ she dies, sick, met with an accident, he loses his job or any other situation occurs which stops the income, PPI enables to repay all the money. Make sure that do not mix up payment protection insurance with the income protection insurance (IPI). Both are two different things. PPI is widely given by different banks and other wealth providers. PPI does not cover only specific things under it but it has wide range of loans including loan for different finance companies, car loan, home loans, etc. Different policies & programs are also available for particular type of mishap such as credit income insurance, credit life insurance etc.

PPI covers minimum loan which is also called over draft but for a small span of time usually 1 year (12 months). After this time period the lender should find another way to pay all the debt. Period of 12 months is an ample amount of time to payback all the debt after start earning again. PPI differs from the one called home insurance. In that type of insurance it is too difficult to say whether this person or that person is right. Cautious observation should be made in this type of matters.

Reasons

Following are some of the basic and important reasons for which if one gives a positive answer he is mis sold PPI. One is that he was not familiar of the fact that protection of money is optional. Secondly, he was unemployed or retired when it was taken out. Thirdly, he was alerted that PPI was mandatory. There is a long list for that but these are few ones that why a person should make PPI claims?

Claim PPI and Win Back Your Lost Amount of Money

The world runs on a very simple rule that if you want something then you has to give something in return. As the importance of money increased along time this rule also got applied at borrowing money what we call loan in this modern era. When people take loans, they usually keep any of their personal assets as a security which ensures that they will return the amount they have taken before the due date of repaying the loan. To earn a profit through these loans, those who give loans put a certain interest rate on the loans so when they get their money back they get it more than they have lent. But these money lenders have become extremely materialistic and greedy with time. They try cheap methods to make more profits and not even considering that through what circumstances the person who has to return the debt might be going through. These financial lenders sell Payment Protection Insurance as an additional scheme in order to ensure the return of loan which they have lent to the person who takes loan from them. The lenders apply unfair policies with this scheme and the borrower of loan turns out to be a victim of PPI mis selling due to which he faces heavy lose of money. After witnessing this situation countries like United Kingdom introduced laws through which a borrower can claim PPI in order to get back what is truly his.

If you believe that a PPI has been mis sold to you then you should claim PPI and to claim PPI it would be best to go to law firms which have experts of law and order. These law professionals will guide you through out the process so you can claim PPI and they will also help you out with this issue by helping you in winning your PPI claim. Before claiming your PPI a person has to go through some simple procedures. The professionals of law are aware of all of these rules and regulations so they know the best and the easy way of going through these procedures that is why it is advisable to hire them from a good law firm.

How to Reclaim PPI?

Do you think that you a victim of the mis sold PPI? Well you have a complete right for reclaiming PPI. Do you know how toreclaim PPI? The first most important step to take for you is to hire a professional solicitor for resolving your legal matter safely as well as peacefully.

As soon as you hire a professional and knowledgeable solicitor for reclaiming your payment protection insurance (PPI), he or she will ask you about your entire legal case in detail. Bear in mind you will have to get prepared for that already. Make a detailed report for reclaiming PPI. Keep your legal documents of PPI claims into a file folder. After that you should present this report of mis sold PPI in front of your lawyer. The solicitor will read each paper of your PPI claim closely. After reviewing your PPI report he or she will give you a perfect advice. Now you will have to use your commonsense and mental caliber how to reclaim PPI. I simply mean to say that you will have to review your PPI claim in a cautious way. Don’t hesitate to get your lawyer advice.

If you are feeling any kind of botheration and frustration in reviewing your PPI claims, don’t hesitate to get an advice from your solicitor in a professional way. Believe me your professional lawyer or barrister will give you the perfect advice about your payment protection insurance claims. After the selection of a professional solicitor and reviewing of PPI claim, the third most important step will be the evaluation of your PPI claims. This time an expert will evaluate your payment protection insurance claim himself/herself without your involvement. The professional solicitor will evaluate your PPI claims critically. They have a strong grip how to reclaim PPI. For that UK solicitors will evaluate your payment protection insurance claims while reading your legal reports and credentials in a file folder one by one. After reviewing and evaluating your PPI claims the UK lawyers will give you the final signal to file a PPI claim upon the desired bank and insurance agency.

Easy Guidelines to PPI Claims

Payment protection insurance plans were initiated by banking companies and other financial institutions to provide people with protection against their obligations in form of loans, store cards, mortgages and credit cards. Many of you might have opted for these schemes without proper home work of its various provisions or you may have been mis-lead about the hidden clauses and the schemes are not meeting your requirements. Mostly these policies are purchased by individuals to insure that they meet their obligations through them if they aren't able to do so because of subsequent sickness or unemployment. A policy may be mis-sold in the context that the person is self employed or is retired in which case he or she is not liable to claim. Thousands of such schemes were mis-sold under the aforementioned and other reasons. So naturally many individuals have opted to ppi claims or reclaiming these policies and this article will provide you guidelines in this context.

Policy providers and their obligations

Due to the above circumstances, a ruling has been formulated to which the whole industry has given consent, which means that now the banks will go through their policy records and identify the mis-sold ones. After identification the banks are liable to inform the policyholders of a possible ppi claim. The Financial Authority of Services makes the bank liable for identifying other problems in the selling of such policies e.g. the literature issued for marketing alongside such policies is not in compliance with the rules authenticated by this authority. For any of the above reason, the bank will inform the customer through a letter setting out the guidelines on reclaims.

Customer queries

1.       Post reclaim letter receipt

After receiving the aforementioned letter for ppi claims, a customer need to follow the steps as mentioned in the letter and pursue the claims accordingly. Receipt of such letter normally means that the policy has been mis-sold.

2.       Non receipt of letter

Non receipt of the letter does not imply that you are not liable to ppi claims against a policy mis-sold. This may imply that it was not due to a systemic failure on the part of the bank. It is also a possibility that the mis-sale was due to an omission or negligence of the concerned staff. One can go through different reclaiming guides for ppi which are available on the net and similarly template letters are also available to initiate the reclaim.

Tips for Claiming PPI

Are you planning for your ppi claims? Well honestly speaking this needs the payment protection insurance policy holders to be very careful while claiming for the ppi.

The fact of the matter

The reality is that claiming ppi could or might well take your precious time to go through the long process. Being a payment protection insurance policy holder you will have to be patient and wait for your time.

Make a detailed report for claiming ppi

You should make a good scrutiny for your ppi claims. Don’t forget to mention those points which will make your case stronger. If you are feeling any kind of problem while claiming payment protection insurance, then don’t hesitate to hire a professional solicitor for resolving your matter peacefully and smoothly.

Get the best advice from a solicitor

The UK solicitors are there to listen to your matters with regard to ppi claims very carefully and they will give you the best advice how to claim payment protection insurance in a proper and systematic.

Make a good evaluation of your ppi claim with the help of your solicitor

Don’t forget that evaluation is the most important procedure while claiming for payment protection insurance (PPI) against the insurance company or bank. For that you will have to pile up your documents for ppi claims carefully and don’t forget to keep your documents into a file folder systematically.