If you are a victim of mis-sold payment protection insurance and want to get back the amount the bank took away unfairly from you, then you must be having some queries. Here is an attempt to answer your basic question about payment protection insurance claims.
Q. Recently, I came to know about the PPI in my loan instatements and found that I never had applied for it. Can I make a claim with the bank?
A. Yes. It looks like the bank did not inform you about payment protection insurance and added the premium to your loan payments. You can always get all the money that you have been paying to the bank for the insurance.
Q. Will it take my time and money to get the refunds?
A. Claiming back mis-sold payment protection insurance is a simple process and it will not consume your lots of time.
Q. What is a better way to tackle the claims?
A. it is always advisable to approach an online PPI claims expert. Just fill online claims form of your selected expert and leave rest of the worries on him. You do not have to devote time and money over your case. Most of such claims cases are resolve within 3 months.
Q. What is the success rate on these claims?
A. Your chances of winning the refunds due to mis-sold payment protection insurance are higher. According to the estimates, over 90% of people who filed for the claims money got it successfully.
Q. was the mis-sold payment protection insurance your fault?
A. No. it is the responsibility of the UK banks to make you aware of the payment protection insurance before selling it to you. The loan borrower should be properly told about the insurance so that the customer can take a informed decision. The fact is that over 20 million people were mis-sold the policy, and most of the banks have accepted their mistakes.
Q. Why was I sold the policy?
A. Payment protection insurance was a good idea to relieve you from the stress of loan payments when you become jobless or sick and lack in adequate repayment ability. However, the banks started making easy and quick profit by mis leading the loan customers into forcefully buying the policy or sneaking in the insurance policy into the loan payments. you are one of the millions of people desiring to get the claims money.