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Guide to Making PPI Claims

PPI, or payment protection insurance, is one of the most mis sold types of insurance on the market today. Over twenty million policies have currently been sold, and of them almost ninety percent are estimated to have been mis sold. Only two million or so people have filed a PPI claim and gotten back their money, leaving a large number of policy holders who may qualify for compensation. With the average settlement coming in at around 2,500 pounds (over 4,000 dollars U.S.), the truth is that investigating your PPI policy could pay out big for you, giving you back whatever you’ve paid in plus a percentage of interest.

The first thing you’ll need to do in order to file a PPI claim is to ensure that you actually qualify for one. The most common way that PPI policies are mis sold is when they are sold to people who have absolutely no chance of claiming them. For example, many policies don’t pay out for people older than sixty five, but are sold to them anyway. Likewise people with medical conditions that make them ineligible for coverage are still sold the policies and are paying on them every month. And of course, if you didn’t even know you had a PPI policy, you likely qualify for a claim.

There are two basic options for seeking compensation. The first is to simply handle it on your own. You’ll need to have your reasons for filing your claim laid out clearly, and include them in a letter sent to the company who is responsible for selling you your PPI policy. If they refuse – which is likely – then you’ll have to seek help from the Financial Ombudsman Service, who will help you seek restitution if they agree that you are owed it. The second option is to enlist the aid of a claims firm, who will help you file your PPI claim and do everything in their power to ensure you get what is owed to you.

Having professional help is a great way to save yourself the hassles and stresses of arguing over your PPI claim with the company that owes you the money. Needless to say, they aren’t going to want to hand over any money, so having someone skilled at dealing with them is a great idea. Whichever method you decide upon, you can expect to be compensated for whatever you paid to the company for your policy as well as a percentage of interest, usually around eight percent.

Andrew Mills is a debt conulstant who is currently researching websites that offer payment protection insurance including ppi claim

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Guide for the successful PPI Claim

Lately Payment Protection Insurance Claimshave been in the limelight among the public and financial sectorof the United Kingdomand it seems everybody has been missold, we at PPIclaim4me are making it easy for people to get their money back.

Facts about PPI

To cover your debt installments if you are unable to make those payments by yourself due to certain problems, the Payment Protection Policy was formed. Whether it is the lender or the creditor this policy is intended to secure both.

The concept of this policy is apprehensive as it is a fair at both the ends but the way banks sold this policy to the customers was wrong. The advisors at banks and financial agencies deceived their loyal customers by not telling them that this policy was optional, and they don’t have to buy it, if they don’t want to. Due to this wrong selling, the creditors had to pay the interest on the loan and also the payment of the policy.

Am I eligible to make PPI claim?

It takes only few steps to find out if you are eligible to make a PPI claim, and what you need to do in order to be compensated. If you are not sure about being mis sold the Payment Protection Policy that you own, then check whether you are able to find satisfactory answers for the questions given below and you will get your answer.

* Were you informed that the PPI was optional?
* Were you told the cost of insurance is in addition to the cost of the loan?
* Were you clearly explained about the entire cost of the premium in detail?
* Did you possess any other types of protection policies while buying payment protection insurance cover?
* Have you told that PPI is compulsory or given a surety of other gifts like credit cards or other similar products in the event of taking a PPI policy?

How to claim refund for PPI?

To speed up your PPI refund and take the stress out of the process you could look to use an efficient claims management company that will not only assist you with the process but will also keep you up to speed every step of the way. We at PPIclaim4me, make it a lot easier for people to claim their money back who have been mis sold the policy. We offer a no win no fee deal for the best service.

All one has to do is fill in the required details in a simple virtual form. We will assist you in all aspects of how to claim PPI, and you will stand the best chance of success.

When you claim back PPI, you are not only asking for the money that you have paid, you are also asking for interest. When the loan has already been paid, everything that is owed toward your debt will be claimed, and statutory interest will be added. When the loan is in the process of being repaid, the person handling your claim will take care that any claim of the settlement reflects PPI’s future costs, and interest charges are also written off.

Why US?

Using a solicitor to claim back your PPI is hassle free as we provide experienced solicitors and do all the running around for you. Success of you claim will most likely be swift and stand a better chance than acting on your own behalf.We will handle all the boring paperworkand help you get back the money you are owed.So don’t delay – get your claim underway right now, and claim back what is rightfully yours!

PPIClaim4Me is supporting those people who is victim with PPI Claim refund money. This is really wonderful site for reclaim your ppi claims. Simply fill the enquiry form and his expert’s will contact as soon as possible.

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