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How to Get Back Payment Protection Insurance

How to get back payment protection insurance seems to be a dilemma many people are experiencing today. This is because of all the mis sold PPI that has caused so many hardships around the UK. People have either been talked into buying these policies by a lender with great skills as a salesperson or even told that the cover would be necessary in order to get the loan. In either case, it is possible, in fact even probable, that the cover will be for absolutely nothing. This is because only about 12 to 13 % of all claims filed through PPI are ever approved. Most people are denied and it is typically because of some exclusion and/or condition they were never told about. (That is giving the lender the benefit of the doubt as in some cases cover has been grossly misrepresented!)

Who is Sold PPI?

Anyone who applies for a loan, line of credit or a bank account in the UK is subject to being sold PPI or having it pushed on them. This is why there are so many citizens in the UK seeking methods on how to get payment protection insurance payments they have made back. Mis sold payment protection insurance is more common than not and that is a very sad fact. The worst part is that most of the people who are paying big for this type of cover can barely afford to keep roofs over their heads and feed their families. The people who cannot afford the cover are the ones who are being so terribly affected by it. The government has begun to take notice and may at some point in the future mandate this PPI in such a way that it cannot be mis sold anymore but for the time being it is.

Can You Get a Refund?

If you are able to prove that you have been mis sold a PPI policy then yes, there is a good possibility you can get a refund. Of course specific steps will have to be taken. First of all the proof that the PPI was not something you chose or opted for will have to be there. If PPI was added to a loan you have, or a credit card then you were mis sold PPI. Simply being denied for a claim is not necessarily enough to qualify you for a loan. The proof has to be there that the reason you were denied was because you were not eligible for coverage in the first place. If this proof is there then you should be able to find a way on how to get back payment protection insurance premiums.

How to get back payment protection insurance money that you've been paying out is a very important consideration for someone who is not in the position to lose money. When you really think about it, not many of us are in that position in today's day and age. The best thing to do is contact us here at Belmont Thornton and let us help you get your claim filed.

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