What Is the Truth behind Mis Sold PPI

The governing bodies of financial institutions in the UK are largely very effective at protecting the consumer from unscrupulous practices but despite their best efforts, some issues do slip through the net. One such example of this is mis-sold PPI (Payment Protection Insurance) which for some time was sold at the counter to customers without the requirement for proper checks and references. This has led to many mis-sold PPI claims arising as literally millions of UK citizens were sold payment protection insurance that was of little or no use to them.
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Take Care with Payment Protection Insurance Claims

From the huge number of UK bank customers expected to make Payment Protection Insurance claims in the next few months it is likely that a lot of them choose to use a claims handler to do it for them.

This is certainly a smart move but there are a few things to look out for when you do this and here at the top two of those.

Don’t Pay Up Front

One of the biggest complaints made by people who choose to carry out their Payment Protection Insurance claims this way is when they get the money taken off their credit card before the claim is even started. This is not the way to do things and, rather ironically, it seems that some firms use mis selling tactics not dissimilar to those used by the banks in the PPI scandal in the first place. Always make sure that the payment you make will come off any possible settlement you receive.
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Were You Mis-Sold PPI?

PPI has been grossly mis-sold in the UK and it is now that customers are taking a stand and claiming back the money they deserve. It has been estimated that over 20 million people in the UK were unknowingly signing up for Payment Protection Insurance. If you think you may be included in this huge figure then there are ways of getting back your money.

PPI was mis-sold alongside all sorts of credit agreements which include:

    • Credit Cards
    • Mortgage
    • Loans

The idea behind PPI was to make sure that your payments were covered should you fall ill, have to spend time in hospital or lose your income through job losses or redundancy. The problem was that many people did not know that they were signing up for PPI, or they did not have the arrangement explained to them. Many people did not even need the payment protection insurance in the first place.

If you have taken out a loan in the last ten years why not check to see if you have been paying for insurance protection. Find your original documents and look through any statements. If you are concerned about any of the charges then contact the experts for help.

Claiming Your Money Back from Your Lender

If you think that you may have a case, or are not sure if you would be able to claim the best thing to do is to fill in a simple online form. An advisor will be able to look at your case and help you make the right decision about moving forward.

Here are some of the main reasons why you may be able to make a case:

  • If you were not told about the insurance being added onto your credit agreement
  • If you work for yourself and are classed as self-employed
  • If the insurance was sold as a compulsory condition of the loan
  • If the policy would not cover the entire period of the loan
  • If the insurance was not explained to you and you did not understand what the PPI was for

These are just a handful of the reasons why people are winning their case in claiming back the money they paid towards the payment protection insurance. Other incidences have included employed civil servants or armed forces employees. If you are or were working as either of these when you took out the loan then the PPI is invalid. Surprisingly this detail was often omitted when going through the application process.

A Few Minutes Could Be Worth Thousands

Filling in the Payment Protection Insurance enquiry form will only take a few minutes of your time. When your situation has been fully evaluated you can agree to go ahead and make your claim in the courts. This is a smooth process and you will only be charged if you are successful in your claim. So no win no fee†, claiming back PPI is that simple.


All About PPI Claims

You may be wondering what all the noise about PPI claims is about. If you have taken out a loan, credit cards or a mortgage in the last ten years then it may be worth investigating into further. PPI claims are for people who were sold payment protection insurance underhandedly by their bank.

So what is PPI?

Firstly you need to work out if you took out payment protection insurance, either unknowingly, or under false pretences. To see if you have the insurance you may need to find your original contracts for the loans. It is also useful to look on your itemised bank statements for any payments which have PPI next to them.
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The Big Day is Almost Here…

This is the last blog before the Great North Run! The last two weeks of my training I have stopped all weightlifting, and will just be doing running and cardio until the big day.

The only weights I will be doing will be my legs to build leg strength. I have all my equipment, including the tag that tracks me from the start to the finish of the race, my number belt, mobile device holder for my music, mini water bottles that attach to my belt and finally my pouch for holding my secret weapon – Jelly Babies!!

These will help replace my body’s sugar levels whilst I run and I will need to sip water every 2 miles.

I have had my gait analysis done and have bought running shoes that match the way I run.

“They have done everything to help me get ready for this race, so a big thank you goes out to everyone at Gladstone Brookes.”

The fundraising has gone well and Gladstone Brookes have now put me on their website to help raise funds even further. They have also said whatever I raise they will double, I have had a lot of help from my work. They have done everything to help me get ready for this race, so a big thank you goes out to everyone involved at Gladstone Brookes.

The only other thing I can say now is wish me luck and if you have not yet donated now is the time.

I will do one last blog after the race to share the final fundraising total and race experience with you all.

So thank you everyone for your support, and remember you only live once, so make the best of your life and help others along the way.

Thanks


How to Make a PPI Claim

So you have read about PPI and are aware of the situation. Millions of people in the United Kingdom were mis-sold payment protection insurance and now they are claiming their money back. If you think that you have a good reason to join these people putting in a PPI claim then what is stopping you from finding out more? To help you take the next step here are some commonly asked questions and further guidance on what steps to take next.

Who Can Make a PPI Claim?
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Payment Protection Insurance Claims Made Simple

People are making payment protection insurance claims every day.

Why?

Well for many reasons. A lot of different people in various circumstances have found out that for one reason or another, PPI was mis-sold to them and they want their money back.

Millions of PPI policies were knowingly mis-sold by the high street banks and others, but Gladstone Brookes is ready to help you to reclaim what is rightfully yours which could be thousands of pounds.
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It Is Advisable To Find Expert PPI Reclaim Assistance

In excess of 20 million consumers in the UK have been wrongly sold payment protection insurance and it is hoped that as many of these people as possible are able to claim their money back. Payment protection insurance is a product that was designed to help people with debt should they find themselves in a situation where they are unable to make their repayments. In many instances however the insurance was not suitable for the individual or they were sold the product in a deceitful manner which means they might have a PPI reclaim case.
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