Deadline for PPI Claims

If a deadline is set for PPI claims then many people may miss out on the money they are entitled to. It is very clear that many people that have been mis sold PPI are not even aware that they are entitled to claim or are worried about claiming.
The banks state that if this goes ahead they will manage and fund an advertising campaign, however, only a few banks have written to customers to let them know they can claim back PPI so are these just empty promises. Can we be sure the investment from the banks will be significant enough to get the information across to all customers who are entitled to claim PPI.
If you look at our PPI infographic you will see that there are still many people who have not claimed back PPI and billions left to be claimed.
The FSA rules say customers should have three years to claim PPI payments from when they find out they are entitled to a claim. However many consumers have still not been notified by banks or financial bodies that they could claim therefore a deadline of only 18 months is going against this legislation.
An FSA spokesman says: “As you would expect for an issue of this scale and complexity, we have considered a number of options and continue to do so.”
We will update you as soon as we know what the FSA decide but it means more than ever you need to make a claim for your mis sold PPI.

To reclaim PPI, it couldn’t be easier after our banks and lenders are taking full responsibility for mis selling us the PPI in the first instance after losing a court case against them. PPI is otherwise known as payment protection insurance and has been offered to people taking out either a loan, credit card or mortgage to protect payments should the policy holder ever become unemployed, poorly or be involved in an accident causing them difficulty in making repayments. This payment protection is only available to specific criteria and people who are a certain age, jobless or self employed although PPI has been mis sold to these people and some people who do fit under this criteria have been unable to reclaim PPI.

Can you Claim Back PPI?

This is not the only example of PPI mis selling though and if you have ever been for a loan or credit agreement, you need to check whether you have payment protection on your policy or not as many people don’t even know they have it meaning they have been paying out for something they neither want or need to use paying out money and interest. If this is the case, then you too can reclaim PPI. Many people have been aware that they have payment protection on top of a loan agreement but have felt at the time of taking this on that they were persuaded into it without knowing much information about how payment protection works. Also many have felt that PPI was a compulsory product to take.

To reclaim PPI has never been easier, the banks and lenders have put a suffice amount of money to ensure all customers are compensated for their mis sold payment protection insurance. Even after underestimating the amount required to do so, some banks have now had to put even more money aside and with more and more complaints to reclaim PPI it’s a good job, so all customers receive their specific amount owed.

Since the insurance complaints started in early 2011, two billion pounds has already been distributed between customers who have reclaimed PPI. If you think you have been a victim of payment protection insurance mis selling then you need to take action and reclaim PPI today.

You could be a victim of mis sold PPI should you have ever applied for credit and felt payment protection was compulsory, or you may have felt pressurised or did you feel that the PPI was not explained to you properly.  Also PPI was not available for those who were retired, jobless or self employed so if you fall into this category then you too have been a victim of mis sold PPI.

Reclaim PPI

Millions of people are now entitled to make a PPI reclaim after the banks and lenders were hugely investigated related to the Mis sold PPI scandal and now after the huge media attention this has been receiving, pursuing a claim is no longer an issue as the law strongly supports all mis sold PPI claimants.

The banks and lenders have already received a huge 500,000 complaints through mis sold PPI with no sign of slowing down as more people realise they too have been a victim. But why was payment protection mis sold in the first place? Purely because the lenders and banks were all on commission when selling the PPI policy, so this is why most of them have made out that payment protection is a vital product to have, this of course is now not true. Also customers who were at a venerable time when applying for a loan or credit agreement may have been told they had more chance of getting a loan should they also have PPI on their policy. This also is not the case and is also another example of mis sold PPI.

Making a claim against mis sold PPI is in no way your fault and doing so you will get the full support from the law so if you think you could have been a victim of mis sold PPI whether you have paid your loan policy off in full or still making repayments then now is the time to do something. The banks have put even more money aside just for these PPI complaints so don’t hang about; get what you are entitled to through mis sold PPI.

 PPI

If you haven’t heard about payment protection insurance, it may become familiar if you have ever taken out a loan or credit agreement such as a credit card or mortgage or loan. PPI should have been offered to you as an additional policy to protect your repayments should you ever have become unable to do so. But unfortunately this has been mis sold to thousands of customers. The banks have not only offered it to all possible customers but also customers who would have no chance of being able to make a claim on the payment protection should they need to. These sorts of people include the unemployed, the self employed and over a certain age. If this is you then you have a strong case of how to claim back your PPI.

 Claim Back PPI

If you do remember taking out your credit agreement and you seem to remember something about payment protection then there are many ways of how to claim back your PPI for example there are many examples of payment insurance mis selling and they may sound familiar to you such as you have a credit agreement and notice you have PPI but didn’t even agree to it?, you remember feeling intimidated or pressurised into taking the Payment protection? You thought PPI was compulsory? You know you had the protection but don’t feel like it was explained to you in great depth?

If any of these sound familiar, then you definitely have a case of how to claim back your PPI, whether you are still making repayments to your policy or have paid it off in full over the last ten years now is the time to claim your insurance policy back.

If you need to know how to claim back your PPI, then it’s quite straightforward to do so. Its worth collating as much information as possible to prove that you too have been a victim of mis sold PPI such as statements, whether old or new and you can claim on more than one too! Some people try and claim back PPI themselves whilst others use a company to do it for them to take the time and effort away should they not have the time to do so.

But there is now good news about PPI if you have it that because of never needing to use it the courts have taken banks and lenders who have been accused of mis selling such payment protection and they now have lost the case and have to pay their customers back plus interest. This is good news because in fact you could have been paying up to 30% of your borrowed credit amount just in PPI. This is a vast sum of money to spend on something you do not actually need.

There are many examples of mis sold PPI and you can still make a claim against it should you have ever felt pushed into having protection although you thought you really didn’t need it. You may have thought PPI was a compulsory thing you had to have when taking on a loan as such but you may have felt that this wasn’t discussed with you in detail including all the complications it involves should you have ever needed to claim.

So if you have found that you do have PPI, whether it be on a current credit agreement which you are still paying off or one you have had over the last ten years and is now paid in full, you still have a case to reclaim your PPI and if you think you have been a victim of mis sold PPI, now is the time to do something about it like thousands of other people already have and receive thousands of pounds back. Just think what you could do with that returned money which you thought you would never see again.

If you think back to the day you were offered a particular credit agreement whatever it may have been. Does payment protection sound familiar? Was it discussed with you, including the terms and conditions or even the procedure when possibly needing to claim on the payment protection? If so you may have decided to not take on the protection insurance in the first place due to complications when needing to make a claim on it. Also when you think back, do you remember feeling pushed into taking on insurance on top of your loan agreement? If so you could have ended up paying 30% of your loan amount just in payment protection and now you need to know how to claim back PPI as a) You haven’t used the payment protection and b) you too think you have been a victim of PPI mis selling just by looking at some of the examples above!

So if you take a look at a statement, whether a current or previous, then you should see stated whether you have PPI or not and how much you have been paying or still are for that matter. If you cant see payment insurance on your statements but feel that PPI seems familiar, give your specific lenders a call who will inform you whether you have it or not. These are the first initial steps you need to take on how to claim back PPI. The next steps are a very smooth process with little input from yourself required. Then in most cases you will have your PPI refund back within a short space of time so follow those first steps on how to claim back PPI and you could have a lovely sum of money returned very soon.

So what is PPI and how can I reclaim it? PPI is an abbreviation for payment protection insurance and is sold to you when taking out a credit agreement such as a loan, credit card or mortgage for instance. It is sold to you for security of your repayments for example if you ever became poorly or was involved in an accident then the payment protection insurance would be there to help with the repayments whilst your out of work.

Yes it does sound the most secure thing to do at the time when signing up for a loan but in fact your probably never going to need this insurance so you actually end up paying a lot of money just in PPI plus interest ad with this the banks and lenders have been accused of mis selling the payment protection insurance and this is how you can reclaim your PPI.

The banks and lenders haven’t only been accused of mis selling because you may never have needed to use the insurance, there are other factors also such as customers have felt at the time of taking on the loan agreement they have felt pressurised into taking on the protection and they didn’t have the implementations explained properly should they ever of had to use the PPI.

Also many customers didn’t even know they had the payment protection on their policy and have found that it’s just been put on top of their agreement and some have taken on the insurance simply because they didn’t even know it wasn’t compulsory. All these things should be explained to a customer by the lenders and all these factors are examples of PPI mis selling so if any whether its one or more sound familiar then you must start your case to reclaim your PPI.

To reclaim your PPI is simple to do with little input from yourself at all. Firstly you will need to check you have the payment protection in the first place so you just need to simply check your statements where it will tell you or call up your original lenders. You can reclaim your PPI whether you are still making repayments or have paid the credit agreement off in full. Think back to when you took on the policy, do you think you have been a victim of payment protection mis selling? If so you can claim it all back just by making a start to reclaim your PPI.

Claim back Mis sold Payment Protection Insurance (PPI)

Taking payment protection sounds the sensible thing to do at the time of taking out a loan or credit agreement especially when the lenders and banks are possibly giving you no other option and not explaining the PPI properly. With this in mind this is one of the reasons that these lenders have been claimed against for mis sold PPI. Thousands of people have already Reclaim their PPI so if you know you have it and think you too may have been of mis sold payment protection then you need to find out how you can reclaim your PPI.

Reclaim PPI

To reclaim your PPI you first need to find out whether you are one of thousands a victim of payment protection mis selling. This is simple to do. You can either call up your particular lender to ask whether you have insurance on any of your loans or credit agreements. If the answer is yes, then you need to think back to when you took out your loan policy. Do you remember anything about payment protection being discussed with you? Was it made compulsory? Was the specific lender pushy? If these sound familiar then you have definitely a case to reclaim your PPI but even if they don’t and you have protection then you could have had it put onto your loan policy without you even knowing which is also a huge example of mis sold protection insurance and if this is the case then you could be paying 30% of your original loan amount just in PPI and not even use it.

Now you have a case and proof that you can reclaim your PPI whether you are still paying instalments or paid off your loan within ten years and you don’t have to just claim on one policy so dig out all the possible loans and credit agreements you may have. Once you have the initial loan details, then it’s quick and simple to start the ball rolling to reclaim your PPI. Do not hesitate if you think you may be a victim of mis sold PPI as you could have thousands of pounds reclaim in a short space of time.

To reclaim PPI is rather simple but firstly you need to find out whether you actually have a case in the fist place or even have the protection policy on a credit agreement. The easiest way to find out is to look at your statement, where it should clearly state payment insurance/PPI/protection etc (something along these lines). You indeed have a case if you have this and didn’t even know about it. You may have known about the insurance when taking out your credit agreement and you may have agreed to it. But was PPI explained to you properly or did you feel pressured or made to think the protection insurance was compulsory? These also are other factors, where you have a strong case to reclaim PPI.

It is worth starting a claim to reclaim PPI that may be owed to you whether you have recently taken out a credit agreement or even paid one off in full, you may still have a case especially if taken in the last ten years. It’s very straightforward to do and you could receive thousands of pounds with a number of weeks. Many people in the UK have already made or started their claim and many have already received a PPI refund so don’t delay, get your owed money back by reclaiming PPI.

There isn’t just this factor of mis sold PPI, but many others too so if you think back to when you took on your credit agreement, did the lender talk you through PPI? Did they explain it clearly how it would work should you ever need to use it? Did you feel pressured or did you not know payment protection insurance wasn’t compulsory? And lastly did you actually know you had payment protection on your credit agreement? If any of these sound familiar to you then you definitely have a case to reclaim your mis sold PPI.

You can make a claim in most mis sold PPI cases of any credit agreement taken out in the last ten years. So whether you are still making repayments or you have paid your loan off in full, you could be one of thousands of people who have been a victim of mis sold PPI and are now in the process of claiming it all back plus interest and to think you may have been paying up to 30% of your original loan amount just in insurance, then you could be due a hefty sum of money.

Think what you could do with some extra money coming in. So if you think you may be a victim of mis sold PPI, then do not hesitate and start a claim today.