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Are You Confused About Missold PPI?

Recent revelations have shown that an increasing number of consumers have been confused about payment protection insurance (PPI) and mis-sold PPI. Although the topic has been widely discussed in advertisements for claims management companies and news reports, many of these fail to explain the basic facts about mis-sold PPI, resulting in a mass confusion and unsuccessful compensation claims.

What is PPI?

Payment protection insurance is a form of protection offered with lending products such as mortgages, loans, catalogue credit purchases, credit cards or store cards. It serves the purpose of protecting payments for one year in the case of accident, sickness or unemployment, generally paid either as a one-off fee or as a smaller payment with each repayment.

Not all PPI is mis-sold; for many it is a valuable form of insurance which can help protect their loan repayments in unfortunate circumstances. But the mis-selling of PPI was an unethical scandal which affected millions, resulting in lenders being ordered in 2011 to repay billions of pounds.

How was PPI missold?

The mis-selling of PPI mainly occurred over the past two decades, although some claims are made on PPI sold before the 1990s.

Payment protection insurance was mis-sold when:
It was added to a lending product without the consumers knowledge
The consumer was misled into believing PPI was not optional, or would help with the approval of a loan, credit card or mortgage
The terms and conditions of the PPI policy were not fully explained
The consumer was self-employed or unemployed when they were sold the PPI
The consumer was medically exempt from the policy at time of its sale

The mis-sold PPI scandal happened systematically in many high street banks and lenders. PPI repayments generally see customers receiving 15-30% of their total loan balance back; a payment often worth thousands of pounds for each claim.

There are many complex restrictions around making a mis-sold PPI claim. You can make a claim after the loan has been closed, providing your account has been active within the last six years. You can also make a claim on open accounts and accounts which are active or have been active within the last six years if your PPI completely has been paid off. There are also ways to claim back mis-sold PPI if you do not have the appropriate paperwork evidence, and even if your credit company has since been taken over.

How can I claim back missold PPI

As claiming back mis-sold PPI is a complex process you should allow an expert claims management company to handle your claim. They should advise you on whether or not you are entitled to compensation for free, before undergoing the complex claims process on your behalf for a no-win, no-fee basis.

ABC are a trustworthy claims management company who claim back around £1 million of mis-sold PPI every month. Speak to their PPI advisors to find out for free if you are entitled to make a claim.
Claim your mis-sold PPI with ABC

PPI Claim Call

An automated message tells me I could get loads of money from the bank.
I don’t want to receive these calls, so I ask that my details be removed…
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How A PPI Reclaim Could Help You Pay Off Debt

Payment Protection Insurance (PPI) is a very profitable sideline for lenders. In fact, lenders make more money on PPI than the interest they charge on the loans and credit cards the insurance protects! For every 100 a lender charges for insurance on a loan or credit card, there is an 85% chance a claim will never be made by a customer, so they get to keep all of the money. The trouble is, a lot of this money has been obtained at the expense of pushing people into taking on extra credit – and therefore more debt – and mis-selling them Payment Protection Insurance at the same time. If you’re reading this article you are probably one of them, but fortunately PPI claims will be the key to helping you pay back the debt the lenders have forced upon you.

Payment Protection Insurance was once regarded as a very useful insurance policy that could provide an income in the event of illness or redundancy. But all of the benefits of this insurance are mostly forgotten now in the wake of its massive mis-selling by lenders over the last few years. The avalanche of PPI claims as a result has been predicted to reach some 2.7bn in refunds and compensation over the next five years. For many, these payouts will be the key to paying off some – if not all – of their debt.

The lengths lenders have gone to, to sell PPI are extraordinary and in some respects, unbelievable, simply due to the massive profits that could be made on each policy, far more than what could be made on the interest from loans and credit cards. If you are reading this and wondering if you may be one of those people who has suffered at the hands of the lenders then reclaiming your PPI could be the answer to your debt problems.

The full extent of the unscrupulous and unethical tactics lenders use to get you to have PPI has only recently come to light. There are many ways you could have been pushed into having it which would make PPI claims valid, including: 1) Not knowing you have it in the first place! 2) The lender slipped it quickly into the conversation so you didn’t hear it mentioned clearly 3) You were told it was compulsory to have the lender’s PPI if you wanted to obtain credit from them 4) Pre-filled application with boxes ‘helpfully’ ticked 5) The policy is not what you asked for or agreed to 6) You didn’t know your loan was longer than the PPI policy 7) The PPI is a joint policy held in one person’s name 8) You were a student, unemployed or retired when you were sold the policy yet it doesn’t cover you under these circumstances 9) Does not cover you if you are a sole trader, but you were told it did 10) No enquiry about existing medical conditions which the policy will not pay out on 11) No discussion about any alternative cover you may already have

Any of the above are grounds for a PPI claim, but it may not be an easy process. Recently the Financial Ombudsman complained to the Financial Regulators about lenders immediately rejecting claims as they arrive and being deliberately obstructive. This is despite 89% of all complaints that the Ombudsman deals with relating to PPI claims having merit and subsequently being upheld.

So why are lenders behaving so badly? Very simply to try and make the process as difficult as possible, so you give up on your PPI claim and they can keep the money. After all, if you receive your third, fourth or even fifth letter from your lender refusing to discuss a complaint or simply rejecting the PPI claim as having no basis, wouldn’t you give up?

Sometimes you can speed up the process considerably by using an experienced claims company to help you with prepare, submit and manage your PPI claim. Most lenders don’t bother to try delaying tactics with these companies because they know they have a great deal of legal knowledge behind them, not to mention won’t tolerate any silliness or obstruction from the lender.

Whichever way you choose to get your money back – the DIY route or using an experienced claims company – there’s nothing quite as satisfying as paying off as much of your debt off as possible with that lender. Even better, if you can pay it all off using your PPI claims refund, you’ll have the pleasure of knowing you stood up for yourself and got rid of an unethical lender who tried to cream off a bit more profit by pushing you further into debt.

If you are struggling with your ppi claim find a good ppi reclaims company who can help you though the process. A good company will even get you ppi compensation on top of your claim!

PPI Claims No Paperwork. Can I make a PPI claim if I no longer have my original loan details or policy number?

You will not need the paperwork to make a PPI claim. You will need to look even look for paperwork you have. Is it possible to make a legitimate PPI claim when you have no paperwork for verification? Typically someone making a PPI claim without all the paperwork can get back several thousand pounds in compensation.
Yes, we can 100% start your PPI claims without paperwork. You just need to complete our PPI Claim Pack and return it to us. Once we have the signed paperwork we can make a start on your claim. Check all your paperwork to confirm that you have a policy.
Attach any necessary and relevant paperwork to your PPI claim. The second thing to consider is whether you have all the paperwork from the policy. If you have a store card it is worth digging around in the paperwork for traces of PPI, often though there is minimal paperwork for a store card and it is best to call the provider in question.
If you’re not sure if you have PPI, look at the paperwork sent to you at the time you took out your loan. Checking your statements and other paperwork should show a reference to PPI. The thing to remember when attempting to claim back PPI without any paperwork is time, if the policy is older than 6 years you will almost certainly need documentation proof for the bank to accept your claim for compensation.
Thousands turned out to have the insurance and have now claimed back over £10 million for our clients who did not have any paperwork before they got their claim started. If this is the case, then I would be inclined to send off the paperwork yourself anyway- as quick as you can-that way, once you have done it and you ring the appropriate bank or building society, then you will know whether they are working from the PPI claims company’s paperwork or your own. If you’ve kept the loan or credit card paperwork then the original agreement will show if you took out PPI.
Even if your PPI policy was taken out more than six years ago, you may still have a case as long as you still have the relevant paperwork in your possession. In order to find out if you have a PPI policy you should check all your loan documents and any paperwork which you were given when you applied for credit. If you believe you were mis-sold PPI but you do not have the paperwork for the policy the first thing to do is to fill in the form at the top of the page and we will get in touch straight away to discuss your claim(s).
Yes, even if you can’t find your paperwork we will investigate your complaint properly and fairly. Yes, even if you can’t find your paperwork we will investigate your complaint properly and fairly. If you believe that you have been mis-sold PPI then we will review your paperwork on a no obligation basis, at no charge, and advise you within minutes whether you have a valid claim.
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How to Make a PPI Claim with the best PPI Claim company?

There are several PPI claim companies that are popping up everywhere. It is no wonder that it is very difficult to choose the best PPI claim company. Many of these companies are simply trying to en-cashfrom the enormous need arising from the customers for the PPI claims. So, after making a proper research and getting thorough knowledge, you can opt for a reputable company that offers you its services with complete honesty and transparency.

How to make a PPI Claim?

PPI is something that is packed into a lot of mortgages and loans. Many times, it has been found that many PPI claims were mis-sold. Making a PPI claim with the help of the best PPI claim company is beneficial for you. Making a PPI claim is not, however, a difficult task to do. But, you should know how your PPI claim can be realized through choosing the best PPI claim company. The first and foremost thing you need to know is whether your PPI claim is a valid one. The general rule of the PPI claim is to give it a go, if you think that you were mis-sold.


Always do your paperwork with the best of your knowledge and acquaintance. A small error costs you much loss. After having an agreement with the service provider, always keep a copy with you of the terms and conditions of the agreement and if you don’t have one, ask the service provider for a copy.A reputable service provider will always get a properly drafted agreement signed before starting the work. The lenders will charge a fee (depends on lenders) and so do not forget to include a check as it saves your time.

Mis-sold PPI ?

The third step is to know what exactly was being sold at the time. The sellers of PPI make certain you that they understand all about the products like how it relates to your situation, whether you get a benefit or not etc.

Almost every PPI guiding principle of the best PPI Claim company has some conditions and segregation. It means that under certain situations, you may not be able to get the PPI claim. So, you are advised to contact the lender or to seek the help from an experienced PPI reclaim expert. In any case, if lenders do not respond to you, or you are not satisfied with their services, you have the liberty to approach the Financial Ombudsman Services(FOS) for redress of your grievance.

You can find out more about – PPI Claims , Best PPI Claims Company , PPI Claims Calculator

Lawyers PPI Claims Companies, Guaranteed 100 Per Cent Compensation For Client

A number of leading firms of UK solicitors now have departments specializing in Payment Protection Insurance Claims (PPI Claims). These firms aim to make the process of managing a PPI claim as stress free and as simple as possible. PPI claim specialists usually operate on the “no win, no fee” principle. Making a claim through one of these legal firms should ensure that the claimant receives 100% of their compensation. This in contrast to claims companies not using solicitors. Some PPI claims firms are not solicitors, and they recover their costs by taking a percentage cut of the awarded compensation.

In the UK there have been thousands, if not millions, of mis-sold PPI cases. Many people now have a valid claim for compensation against their bank or credit card company. People may be entitled to compensation, which can include interest, if they had PPI on a loan or credit card agreement, and they either did not ask for that insurance, or did not need it.

Compensation may be due for PPI mis-selling in cases of personal loans, hire purchase agreements, and credit card agreements. Most of the UK banks, building societies, and other institutions, including many high street names, have had to pay compensation with regards to mis-sold PPI.

Anyone who watches television will notice many advertisements for PPI claims companies. These companies also advertise widely in the national press. Although one can make a compensation claim without using a claims company, many people choose one of these companies, believing that it will be a simpler, and less stressful, experience. One advantage of going through one of these companies, is that they have wide experience of the different methods which were used in the PPI mis-selling, and they can therefore quite quickly assess whether the client’s claim is likely to be valid. They also have a lot of understanding of the claims process, and they help customers to fill in forms, and to complete other documentation.

Some of the PPI claims firms are firms of solicitors, and some are not. It is not necessary to choose a firm of solicitors to make a PPI claim, but there can be advantages because, in the UK, solicitors are allowed to operate on a “no win, no fee”, “100% compensation” basis.

Both the solicitor based companies, and the other companies, can operate on the no win, no fee scheme. The important difference however, between a company using solicitors, and one not using solicitors, is who will actually pay the fee if the case is won.

In the UK solicitors who win cases of this type are allowed to recover their fees from the loser. Therefore all of the compensation awarded goes direct to the client. Non-lawyer firms cannot recover their costs in this way, and they usually work by taking a percentage out of any compensation which is awarded. Usually they take between 25% and 50% of the compensation.

It is therefore advised that when choosing a company to make a PPI claim, one should find how they will cover the costs in the event that they win the case. Companies using lawyers, and companies not using lawyers, can both offer no win, no fee contracts, but only companies using lawyers will be able to claim their costs from the lender, guaranteeing 100 per cent compensation for the claimant.

Learn about the benefits and advantages of being protected with PPI claims today! When you receive the information you need to make a knowledgeable decision about Payment Protection Insurance, you will be able to identify Mis sold PPI quickly and easily!

Armed with the flaming sword of truth, I defeat PPI Claims scammers HYC (Help Your Claim) when they cold-call me.

Cold-caller company: HYC (Help Your Claim) whose number was 01204 238003 or 01204238003 at the time of the call.

They want to earn a big claims management fee by handling a claim for PPI, even though I had no PPI policy.

There are lots of complaints about this company, suggesting that it routinely tries to get people to make fake PPI claims for loans and people who don’t exist or who were not involved:

Know what to look for when you opt for an attorney for your mis sold Ppi claim

You thought that your insurance cover would help you in adverse situations; however you were shocked to see that you have been paying much more than what your premium should have been! Does the case sound familiar? Do you also believe that you had insufficient information, or were forced to buy the payment protection insurance? If that’s the case, then you might have a claim.

In the past few years, there has been an increase in the number of victims, who have been the victim of mis sold Ppi. However, they have taken the legal recourse and got their rightful. You could also do that. The first step for the legal step would be to gather all your documents and credentials and all the paperwork related to the borrowings or the loan. The next step is, hire an expert lawyer. Undeniably, the legal process is very intricate; thus, it is important that you hire a skilled and proficient attorney, who will help you get what you rightfully deserve. There are some important qualities that you should look in the attorney and then make the final call.

Sincerity and frankness is a must: When you opt for a lawyer, it is important that he is sincere and honest. The best attorneys will always give you a frank and fair advice about your claim and how much can you claim for. They will go through your case and let you know if aver is valid or not. Also, they are candid and willing to provide you with valid information on how to claim PPI. The licensed attorneys will also let you know what the standing of your case is.

They should be consistent and dependable: It is important that the solicitor is reliable and handles the claim with all competencies. After all, they help you overcome the economic loss that you endured. The finest way to look for a dependable lawyer is by asking your friends or relatives or by going online. To know more about their dependability is by seeking their consultancy services through the websites, which is expedient and extremely reliable.

They must have ample experience: It is vital that you seek services of lawyer, who is extremely experienced and understands all the legalities. You should have heard about the lawyer and he should have been in action for a substantial amount of time. This will make certain that they are conscious of the diverse ways on how to claim PPI. The attorney should also be aware about the changing laws and rules, so as to ensure that your legal rights are protected.

Reputation is a must: When you hire a lawyer for mis sold Ppi claim, it is important that he is reputed. That will ensure that he is licensed and registered by the government agencies. This will also make certain that they obey the rules of the industry’s values as far as the information about PPI claims is concerned. Going by their reputation, it is also vital that the attorneys do not charge excessive prices for information provided on how to claim PPI.

When you look for all these qualities and then make a decision, the chances are less that you would not get what you legally and rightfully deserve.

Kirti Saxena is a web enthusiast and a writer. Kirti has afforded her articles and write-ups autonomously and through various online forums.

Get more information on Mis sold Ppi

What to do ?
1.Down load the FOS Questionnaire and fill it properly.
Click this link to download FOS questionnaire

2.Write a cover letter to the Financial company/Bank with your grounds that why you think the PPI was mis-sold to you and therefore you are requesting the money back.
To see and get an idea under what grounds you can make a claim see below my form,then you can get an idea.
Download a sample letter.Click below linkfor Sample letter

3.Attach photocopies of all loan agrreements,laon statements etc. if you have.

4.The most important thing is you must order your bank to pay and you must tell them how much you need them to refund to you.For this you need to do some calculations and this will be depend on the initial loan value,PPI value,the interest rate you borrowed,how much you have paid sofar,the value of the installment.etc.But if you put that figure your case will be strong and bank may not just pay you something but will try to pay everything they owe you.

I know the calculation is the tricky part as we all cannot get this right.Well I know several people cannot do this by their own

I am happy to fill the Questionnaire and to write your sample letter for you.I can Either email or Post it for you with all the instructions what to do
If you wish please fill the below form accurately or to read more goto link below


How to refund PPI by PPI Expert’s help

Payment Protection Insurance can cover repayments if you lose you job, become ill or if you die. PPI cover repayments of personal loans, car finance, credit cards, store cards, catalogue debts and mortgages when you are not in a position to reimburse your dues on time. Payment of PPI is included with the loan repayments.
You should constantly ensure that you have a replica of the policy having full PPI policy synopsis before you extract PPI policy. It is for the reason that whenever you need to have PPI claim you can simply obtain it. If you make a PPI Claim, some PPI policies will compensate only pay out a predetermined amount of money or formulate repayments for a definite period of time.
PPI Claim Calculator
PPI Claim Calculator is used to estimate the definite amount of PPI claim. It is also considered as PPI Claim Estimator. Monthly payment and length of loan are the two major factors mandatory to evaluate the PPI Claim. This may help you in finding your interest charges as well as other charges which are added to the loan. PPI Claim Calculator estimates the information about balance transfers and types of insurance you may acquire out with your credit card.
PPI Refund
If the company who sold PPI Policy to you knew it was immoral for you, or didn’t check on your conditions properly prior to selling it to you, you may be capable to make a PPI claim for mis-selling. This means that the company has sold you a PPI policy when they shouldn’t have done, and you may be able to terminate the policy and obtain a PPI Refund.
PPI Expert
If you have problems claiming on a PPI policy, you may want to make a complaint. You should complain first to the insurance company. You may need the help of PPI Expert to make the complaint. PPI Expert can help you in budget your finance and ensure you are getting any welfare benefits you are entitled to, which in turn facilitate your wealth problems.
Citizens Advice Bureaux and the Money Advice Service also assists you all the information concerning mis-selling of PPI and gives you free, confidential and independent advice. If you aren’t satisfied with the feedback of the insurance company, you can further take your complaint to the Financial Ombudsman Service.

You can find out more about PPI Claims,
PPI Claim,

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Role of PPI claim companies in getting the PPI Claim

PPI stands for Payment Protection Insurance, which is designed, especially to cover the repayment of debts, which a person is unable to clear, due to illness, accident, insolvency etc. It provides you with all the protection along with proper coverage to your loans as well as debts.
Generally, if you have accessed any credit agreement or loan, you are likely to pay into a policy of PPI.

The PPI claim is a simple and a hassle-free process. Once you have filled the form to verify your eligibility and to see whether it is worth making a claim, you move further and choose the best PPI claim Company.

These days, there are so many PPI claim companies available and so you should be very careful before choosing the company, as they might scam you and you will end up paying more than what you access through this claim.

Role of PPI claim company

The best PPI claim Company acts on the customer’s behalf and helps them to realize back any amount of compensation that the company owes. The best PPI claim company uses ethical methods to get the compensation. These legal PPI companies use legal processes to help the customer. The helpful and friendly behavior of such companies enable them to get closer to the customers and understand their needs and requirements of the claim. They aim to get the claim as soon as possible without wasting time. They don’t misguide the customers to make profit for them. Their sole objective is to provide 100% customer satisfaction at an amazingly low commission rate which includes VAT. Even though many companies help you to find out:

* How much do you owe?
* How many policies you have?
* Number of mis-sold
* Whether you have any PPI?

You can also find many online companies on the internet. You can browse on the internet to find the best PPI Claim Company. The expertise of the PPI solicitors of these companies helps you in getting all the advantages and services during the time of claim. The company acts on behalf of the customer and handles the entire claiming process. It also helps in understanding the charge on your PPI claim and focus on the minute details of the PPI documents. They treat it as their own issue and give you 100% results. So, if you are looking for the best PPI Claim Company, you can do research online and see the results on your own.

You can find out more about – PPI Claims , Best PPI Claims Company , PPI Claims Calculator