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PPI Success Stories

It seems as though the old cliché is true when it comes to payment protection insurance because no news is good news. However, there really are PPI success stories out there but not in the way you might think. 

Discovering Mis Sold PPI

One of the most horrible feelings when taking out a loan is not being able to make the payments. After years of struggling to finally bring your credit score up to a point where you would qualify for a loan, you get the loan only to find that the payments are so high you just can't keep up with them. These are not among the PPI success stories, it is possible to get to the bottom of why those payments are so much higher than you had bargained for. By asking a few questions it is discovered that payment protection insurance was added to the policy and that brought your monthly payment up by 50% above and beyond what you should have been paying.

These Things Happen Every Day!

Many UK consumers awoke one morning to find that they had been paying for a cover they never wanted and they certainly didn't give their approval to buying. Many were able to submit PPI claims and were awarded refunds on mis sold PPI. The sad thing about the whole industry is that this cover could have been a real boon to millions of UK consumers who would have benefited by such a cover. But what is even worse than that is all the people who purchased PPI prior to 2005 and never had a chance to take part is reclaiming money paid on mis sold PPI. That is, they never had a chance to discover what it is like to be awarded back all that money in a PPI claim until the government ruled that there were no time limits on a PPI reclaim of mis sold PPI. This is truly a PPI success story - a PPI victory!

If you feel that you have been  mis sold PPI, you can also write your own success story by filing a claim against your lender. With the assistance of Belmont Thornton you can get back what you paid into mis sold PPI. The real success stories are written by organisations like the Citizens Advice Bureau that launched the campaign to raise customer awareness. The real PPI success stories speak of claims management companies stepping up to the plate in order to win a claim that no one thought possible.

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