Senin, 15 April 2013

PPI claims-little known facts

Some little-known facts about PPI claims

Even if you were told by the loan company that taking PPI was compulsory that you can still apply if they insisted it had to be carried away with them. Creditors can insist that a taking PPIS, but do not insist they remove PPI. Mis-in many cases it was selling in this way, as the PPI is much cheaper to purchase independently.

Secondly check the small print of the terms and conditions for PPI for medical exclusions such as stress and back problems. If it has not been explained that these would not be covered then you can claim compensation.

Controls whether or not the company who sold the policy had already adopted by the Financial Services Authority (FSA) against it. If the action had been taken against them before you have sold the policy, there is a high probability that any claim will win compensation.

Almost all PPI policies had or have an upper age limit is usually 65 or 70. Check if you were older than the age limit for the PPI policy when you took the insurance. If it were, you should have a valid complaint.

If you like many, purchased a PPI policy to cover a loan long-term (5 years or more), verify that the policy details as if politics is exhausted or will run out before the loan is paid back then you may have mis-selling claim. This is mainly because most PPI policies for loans only for 5 years. If this was explained you can’t expect compensation to PPI.

Finally, as if like me you have suddenly noticed that you are paying for PPI that no one knew ever had, is it almost certain it was added without your consent. This happened to me and they told me that as if it were a new electronic charge never should have signed, and it was up to me to prove other wise. I was told that if I do not like this to bring it to the Ombudsman. I don’t like this so I took my question to him and won as decided that they tell me to go to him this was an admission of mis-selling.

So if you want to know more about PPI compensation claim then read my signature box below and then take some action today. Claiming is easy and you can win thousands back.

Average compensation of mis-sold PPI is about £ 2,500 so if over the past five years has had one or more PPI policy then clearly is well worth it in claiming compensation for the PPI. Some people have even argued over £ 25,000!

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