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PPI Test

It can be a bit confusing trying to determine whether or not payment protection insurance has been mis-sold and this is of vital importance because if it doesn't pass the PPI test you will not be eligible for a refund on money you have paid into the plan. If all of the rules and regulations were followed by the lender at the time you were sold payment protection insurance then there is no reason for the lender to return any money to you because you were not mis sold PPI. What then constitutes mis-sold PPI and is there a PPI test to determine what is mis-sold PPI and what isn't?

Getting Down to Basics

Although there is a very specific criteria which can be used to determine whether or not PPI was mis-sold to a consumer there are some basic questions you can ask yourself. The first question, and perhaps one of the biggest reasons for declaring PPI mis-sold, is in terms of whether or not you knew the lender was adding PPI to your loan. Did you know you were going to be purchasing a payment protection insurance? Were you asked if you wanted PPI or were you told that it was the only way in which you would qualify for the loan? And finally, was your lender aware of the fact that you fit into one of the groups of pre-defined it exclusions before selling you PPI. In other words, the basic PPI test can be summed up quite succinctly by answering did you know you were getting it, did you want it and could you even qualify for it? If you answered yes to any of those three PPI test questions then there is every chance that you were indeed mis sold payment protection.

A More In-Depth Look at Mis-Sold PPI

Most people who file complaints against the lender for having been mis-sold payment protection insurance do so because they try to file a claim after losing income only to find out that they are amongst the groups of people who fall into several exclusions. Across the board lenders have been misselling PPI to those who are self-employed, temporarily employed were even unemployed at the moment when they take out the loan. Sometimes lenders are selling payment protection insurance to those who are over the age of 65 and other times they are selling PPI to consumers who have made them aware of the fact that they do indeed have pre-existing medical conditions which have kept them out of work for an extended period of time. Knowing the facts lenders still sold payment protection insurance to individuals they knew would never be able to draw cover. This is a blatant and highly unethical example of how PPI is mis-sold and of course how those consumers would fail the PPI test.

If you are looking for a PPI claims management company you will almost certainly be given the PPI test to see if indeed payment protection insurance was mis-sold. Unless it can be proven that the lender mis-sold PPI under very specific criterion you will not be eligible to file a claim against that lender. To speak with a member od our claims team regarding whether or not you have been mis-sold payment protection and to take the PPI test, call 0207 471 2000.


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Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B16, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

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