PPI Claims

Lately payment protection insurance and the possibility of being able to claim it back has been all over the news and the media. This is because there are many people that are launching claims and being able to successfully claim back their money.

Payment protection insurance is an insurance that is added onto loans by banks and high street lenders. It is basically in place in order to protect you if a time arises that you cannot keep up with your loan repayments. Whilst we do not want to think about being ill, it does happen. If you miss work due to illness and then cannot keep up your repayments you can find yourself in a sticky situation. Payment protection insurance protects against this.

However previously banks and lenders have added this service onto peoples loans without their consent and in many cases without their knowledge. If this is the case or you feel that you have been mis-sold it then you are in a position to look into PPI claims.

PPI claims are to do with you getting back the money you have paid to your lender for something that you never asked, knew about or used. Don’t worry if this sounds complicated because there are specialist PPI claims companies set up with the sole purpose of helping you get your money back.

There are different criteria’s you need to fall under in order to make a claim but generally if the loan was started or finished in the last 6 years then you should be able to claim it back and in some cases even get back the interest you have missed out on.

So if you feel that you are in this position then don’t let this money go to waste, because after all it is your money. So why not contact a company that deals with PPI claims with details of your loan and let them take care of the rest for you. Some PPI claims can take less than 12 weeks to settle so you could have your money back much quicker than you think.

Additional articles about PPI Claims

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