Payment Protection Repayment
Proving Your Case
Before any payment protection claims will be honoured it must first be definitively established that there is basis for the claim. In other words, it must be substantiated that the lender mis sold this cover. Sometimes it is a case of the lender adding payment protection to the loan without the borrower's knowledge and then expecting the premium to be paid. At other times cover is being sold to individuals who would be ineligible for the cover such as seniors over 65 and anyone with a pre-existing condition who would try to make a claim if out of work due to that pre-existing condition. If any of the reasons in which a PPI policy can be declared mis sold are met, the consumer is due a rightful payment protection repayment.
Fighting a Denial
If you should get a denial letter from your lender, absolutely refusing payment protection repayment, then you can either accept that or fight it. Notwithstanding, if you feel that you have a valid claim and you have been mis sold payment protection then it is your right to appeal the lender's decision. At this point you would file for a review with the Financial Ombudsman Service, often simply referred to as the FOS.
If you are interested in making a claim the PPI claims company may be able to help. To find out more call the team on 0207 471 2000
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