Reclaim Bank Charges 2011
It's no secret that lenders and financial institutions attempt to extract as much money as they can from each customer, without blatantly violating the trust of the consumer. However, many lenders have done just that by mis-selling PPI (Payment Protection Insurance) policies to borrowers in an attempt to earn a commission or boost the overall loan amount and earn more interest. The onslaught of prevalent mis-selling occurring in the United Kingdom has led to tens of thousands of PPI refunds during 2009 and 2010 alone. In fact, it is likely that reclaim bank charges 2011 statistics will be similar to those seen during the past six years, ever since the 2006 investigation revealed the true nature of PPI mis-selling in the UK.
How Can I Receive a PPI Refund?
Regardless of your experience or legal expertise you can receive a full PPI refund with the assistance of a PPI claims specialists - no upfront cost required. Any borrower that has taken out a loan or credit card that included a payment protection insurance policy within the past six years has a very good chance of reclaiming all of the funds spent on the policy throughout the duration of the loan or at the time of signing. Even if you have only made one small monthly payment towards the PPI policy, by taking action now and reclaiming a small amount you'll not only avoid future debt, you may also be able to change the terms and conditions of your loan to include a lower interest rate once the PPI policy has been removed from the total loan amount.
It Is Possible to Reclaim Bank Charges?
Not only is it possible to reclaim bank charges, this is perhaps one of the most popular scenarios encountered by a PPI claims company, as most borrowers attach a checking or savings account to the loan or credit card account and initiate automatic monthly repayments. Thus, it only stands to reason that a defrauded borrower that was mis-sold a PPI policy could reclaim bank charges relatively easily. New regulations issued by the Financial Services Authority (FSA) have made it easier than ever for a borrower to reclaim bank charge payments caused by PPI. As the reputation of mis-sold PPI policies continues to worsen reclaim bank charges 2011 totals will continue to rise, and you could be one of the many borrowers that qualify for a PPI refund.
Recognizing PPI Policies
With protection insurance policies having an overwhelmingly negative reputation, lenders and credit card companies are now trying to find ways to disguise these policies by referring to them as loan protection insurance, repayment coverage, insurance protection, and a long host of other names that are interchangeable with PPI. If you're unsure whether you've been mis-sold a PPI policy, or would like to reclaim funds spent on another type of mis-sold insurance policy, you may need to contact a professional PPI claim company to acquire about how you can reclaim bank charge funds.
blog comments powered by