Can I Claim Back My PPI
With countless United Kingdom citizens wondering can I claim back my PPI it is no surprise that payment protection insurance claims has been the topic of much controversy in recent years. With almost every lender having their own payment insurance reclaim policy one thing they all have
in common. If someone can prove that payment protection was mis-sold then the lender is obligated by law to issue payment protection refunds.
Proving that that ppi was mis-sold is the hard part for borrowers, but if the
original documents relating to the loan and the payment protection insurance are
able to be produced it is easier to prove.
PPI Reclaim Procedure
The first step in the PPI reclaim procedure that will answer the question of can I claim my PPI back would be to apply to the payment protection selling lender. Whether you believe it or not, lenders are the ones who are responsible for PPI response instead of the insurance companies.
This is because the idea of 'mis-selling' centres on the information that was
given and the questions that were asked during the sales process.
Can I claim back my PPI? Was your policy mis-sold?
- Were you told you had to have the cover?
- Was it added without your consent?
- Were you given incorrect or incomplete information regarding the policy?
- Were the costs not clearly explained?
- Were you placed under undue pressure to take up the cover?
- Were you told that taking out the cover would improve or guarantee you
were given your loan?
If you are still asking yourself the question "Can I claim back my PPI?" and you
answered "yes" to any of the questions above it is very likely you may be able
to reclaim your PPI.
To find out more about making a claim, call the claims team on 0207 471 2000.
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