claim your mis sold ppi loan
by Varun Mishra seo servicesToday it is hard to
find a person who has not applied for any kind of loan. The facility of a loan
has made it easy to buy anything. People mostly go to the bank for aloan
because it’s the obvious first stop. Here banks and loan providing agencies are
silently cultivating more money from the borrower in one way or another way and
the mis sold ppi is just one of those tactics. The idea of ppi is to help the
borrower during the time of financial crisis, for example when they are ill and
cant work or unemployed. Regretably ppipolicies were mis-sold to people who
were not eligible for ppi, such as self employed and retired people who now
feel very agrieved that they were misled and paid, or continue to pay, a
considerable amount of money for cover they could never have claimed.Such
people, are now appointing claim experts to claim back the money on their
behalf, plus interest.
Extensive
research of loan documents is necessary to understand various aspects of the ppi
so it can be established that the ppi was indeed mis-sold. In above mentioned
scenario, it is important to verify the cover before proceeding ahead with the
process. Therefore, one should spend some time locating a suitable claims
company to bring some momentum to the ppi claim using the correct procedures.
It is crucial to write a letter to the lender for obtaining refund of the
policy payments. Claimants must answer different sets of questions and furnish
documents in support of their cases.
To add
weight to a claim, one could send letter to the ombudsman if the banks do not
agree to refund the amount. It may be a
regulatory body involvement that effects the decision on eventual payment. MIS
sold PPI claim can be retrieved by contacting the financial ombudsman
service to lodge the complaint. The
payment protection insurance is not provided separately but is bundled along
with different loan schemes to the users.
Many companies have mis-sold the insurance to thousands of clients who
are devoid of any cover. Bank and other lenders employees provided ppi packages
to customers using underhand sales tactics which has lead ulitimately toa
multitude of poor user experiences. Loans with ppi taken out over the past 10
yearsare the popular suspects and are generally the claims that go through without
any hiccups. This includes loans that are fully paid up or loans that are still
running taken out between Dec 2001 and 2008.
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Created on Dec 31st 1969 18:00. Viewed 0 times.