If you have taken out a loan in the past few years then you might well be entitled to make a PPI claim. Payment protection insurance (PPI) is to do with protecting your repayments if you have taken out any kind of long term loan. It basically protects you against any payments you might have to miss due to sickness or an accident. There are different terms and conditions attached to different payment protection insurance plans so it is well worth looking it what is what before you sign up. There are many circumstances in which you cannot claim, so you will want to make sure you don’t fall into one of those before you waste your money signing up to something you won’t be able to make use of.
A PPI claim comes about when the insurance is added onto your loan without you knowing which seemed to be the trend a number of years ago. As the charge is usually only a small monthly fee it usually went unnoticed so banks were getting in money for a service that would never be used and was never known about by the person taking out the loan.
If you have had a loan recently then it is worth checking to see if you have had PPI added on to it. If you have and it is without you knowing or without the benefits of the service being explained properly then you are entitled to claim this money back. You don’t have to go it alone because there are companies that specialise in the PPI claim process. They will usually be happy to take on your claim for you and guide you through the process. From start to finish the whole thing could take as little as 12 weeks to complete, which means you could have a lump sum of cash in your bank account much quicker than you imagine. Why not contact a PPI claim company with details of your loan and see if they can offer any advice and are happy to take on your PPI claim for you?
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