A single individual can have PPI claim that amounts to thousands of pounds, depending on the amount of credit one has received. However, you will have to provide sufficient evidence that you were mis-sold the PPI. This could have been on your credit card, loan repayment, or any other form of financing.
Most people received mis-sold PPI with mortgage agreements, loans, credit cards and many other forms of credit agreements. Most banks and other financial services providers were involved in mis-sold finances. As a result, a single individual could be entitled to a limitless number of potential claims.
Successful PPI claim should offer compensation to those affected. The formula of calculating what one can be repaid is made up of several factors. This compensation, however, is composed of both the amount paid for the insurance, as well as an interest calculated at a rate of 8 per cent.
PPI claim settlements also vary depending on the loan company or bank. It also depends on whether the PPI has been for a credit card or a loan. However, there is no limit to the number of claims an individual can file. Therefore, when combined, a claimant can receive a very large amount of compensation.
One can use online-based PPI calculators to estimate the amount of PPI claim they can make. All you will need to provide is the total amount of the loan, the loan duration, and the amount of monthly repayment. Once you have found the value you can claim, you can then fill in the claim form and send it to your creditor or hire a litigator for assistance.
Most consumers could be victims of mis-sold credit without even knowing it. This is possible if the individual was not informed of the insurance at the time of issuing. In such a situation, one could be entitled to a PPI claim. Alternatively, one can also cancel the PPI if they find that it is not beneficial to their needs.
PPI Mis-Sold have a 90% PPI compensation claims success rates
Would you like to know how to get your rightful PPI compensation?. If you have taken out a loan within the past six years, it is likely that you may also have taken out Payment Protection Insurance also known as PPI. If you were sold a PPI with your loan and you did not want it or were not aware of the terms and the re-payments,you have the right to claim back the PPI money. Find out how to get your rightful PPI compensation back where it belongs, with you!.
We can help you with the process and explain just how to get your rightful PPI compensation, we undertake the work for you with an easy process. Our helpful and fully trained staff will assist you in the process and talk you through any concerns or questions that you may have. The money you paid out for the PPI is money which is rightfully yours and therfore you have the right to claim it back to help you with your bills or to treat yourself with a nice lump sum paid directly to you. Just think what a difference a cash lump sum could make to your household, remember the money is rightfully yours and could ease your financial commitments when it is returned back to you.
Even if you are unsure whether there was a PPI on the loan you took out, do not worry as we can check for you as it is likely that you have paid towards payment protection insurance and may not be aware of it as it may have been added on to your loan without you being made aware of it. Make contact with one of our PPI advisors today and let them guide you in how to get your rightful PPI compensation now.
PPI compensation is something a lot of people need to work on because they were mis-sold PPI, and they need to get their money back. PPI compensation is a very serious issue for a lot of people, and they often don’t address it adequately. If they were addressing it adequately, then they would get their PPI compensation and be off to a much better start. People that don’t take sufficient care to get their PPI compensation often run into problems later on in life, and they need to figure out how to handle the big issues that are important to them, like PPI compensation, so they can start to address the injustices in their life. PPI compensation is a very important thing for people to focus on if they have been mis-sold the product. A lot of people were mis-sold the product. There is a big push right now to get PPI compensation for a lot of people.
It is a very serious and important aspect of peoples’ lives that were mis-sold it, and they often have a lot of problems dealing with things like that. Financial burdens are some of the worst, and getting their PPI addressed is one of the most important things they can do. Getting PPI taken care of is one way to put some more money in their bank account. It is a definite easy way to start to accumulate more money. People that need to get to work on their PPI plans should start to do so at a relatively fast rate. They shouldn’t let anything get in the way of their dream to reclaim their financial fate and get out of the PPI nightmare that is affecting them. A lot of people were sucked into to getting mis-sold PPI, but they can do something about it when they get online. They can handle their toughest problems when they get online and search for a lawyer in their area that can help them with it. If they don’t find a lawyer that can help them with it, then they will have to go search for a counselor that can assist them personally.
PPI Claims companies are everywhere, advising you that you may have a claim. There are lots of reasons why you may be able to make PPI claims for financial products you have taken out.
• Did you know you had a policy? Some companies added the policy without telling customers.
• Were you told you were more likely to get accepted if you took out PPI? This is seen as an aggressive sales technique and not true.
• Were you unemployed or self-employed? A lot of policies did not cover these situations or part time and temporary work so you could not have claimed on it.
• Were you asked if you already had PPI with another product? Some customers were taking out a new one each time they took out a credit agreement. It would have been cheaper to extend the first policy to cover additional borrowings.
• Were you told you could source your own PPI policy? You may have found a PPI policy cheaper elsewhere so it was not in the lenders interests to tell you this
• Were the terms and conditions explained to you? A lot of customers that have PPI claims state they had a lack of understanding.
• Did you pay off your loan early? If you made a lump sum payment for PPI, you should have got some of this back depending on how early you paid the loan off.
• Did you increase your borrowing? If you increased the amount you borrowed, there is a possibility your PPI was increased at the same time without you knowing.
• Did you say no to the policy? A large amount of people said no to PPI yet the sales assistants would not take no for an answer. Worn down, customers eventually agreed. However this aggressive tactic is not allowed and is one of the main reasons for PPI claims.
Few years back when I worked as a nursing assistant in the hospital, I met a man who was a stroke patient. He had worked in different banks in various capacities so he did know his onion as far as banking was concerned. He made me understand that I could have been mis sold PPI on any credit cards, loans or mortgages that I had taken in the past.
But for him,I would not have realised that I had some savings somewhere waiting to be claimed. Well, there was quite a number of advertisement on the television for help on claiming back mis sold PPI, I was just too dumb to pay closer attention.
He ran me through the meaning of Payment Protection Insurance (PPI) and how it could have been mis sold to me. He said in case of unforeseen occurences (such as death,illness or loss of job) PPI is meant to cover for loan,credit and/or mortgage repayments, and is sold along with these mentioned credit facilities. Mis sold PPI occurs when customers are not aware or properly informed that they have bought this product along with their credits. Meaning that customers do have the option not to buy PPI if they do not want to. At this point, I was certain that I had been mis sold PPI on all my credit cards,loans and mortgage.Now what should be my next step?
He advised me to confirm first with my banks/building societies if I had been mis sold PPI , then, complain to them. If my complaint was not honoured, then I should check my insurance policy and get in touch with the insurance company whose details should be on the insurance policy. I was told that the monthly payments I made towards the cost of the insurance were additional loan repayments and not premiums as I had thought and that was why I got my refunds. On all!