Reclaiming Unfair Bank Charges
Unfortunately, payment protection insurance isn't ever fair so reclaiming unfair bank charges is commonplace when it comes to making a PPI claim against your lender. The problem is that many of us aren't quite sure exactly what it means to be mis-sold payment protection insurance because most lenders are so smooth when they get one over on us. To put it briefly, payment protection insurance is a cover that is supposed to pick up payments should the borrower become unemployed or temporarily out of work due to illness and is unable to make monthly instalments. However, it never usually works that way because it has been mis-sold to people who can't use it, can't afford it or simply don't know they have it.
How Does Payment Protection Insurance Become Mis-Sold?
Before going into what reclaiming unfair bank charges is all about the first thing you may want to do is understand how you were mis-sold payment protection insurance of the first place. Sometimes a lender will coerce you into buying the cover by telling you that you will not get a loan unless you purchase this insurance product. Other times lenders will simply slip it on your loan without letting you know they are doing so. Still other times, lenders will not disclose pertinent details of the cover such as all the exclusions which are more than you care to think about. In other words, misselling PPI means that under normal circumstances the borrower wouldn't purchase the cover unless the lender, for all intents and purposes, forced his or her hand. It is at this point that the borrower seeks to discover how to reclaim bank charges they shouldn't have been paying.
What Is the Best Way to Reclaim PPI?
All there are numerous ways in which to file a claim against the lender when reclaiming unfair bank charges most people find that the best method of reclaiming PPI is to use the services of a PPI claims management company. These companies are strictly in business to help consumers win successful claims against lenders. This is their area of expertise, this is what they do all the time and they have more knowledge of what reclaiming unfair bank charges is all about even then most solicitors. If you find that you have been mis-sold payment protection insurance and would like to discover more about reclaiming unfair bank charges the easiest thing to do is to make a quick phone call.
Belmont Thornton, The PPI Claim Company is in business to help consumers all over the UK in reclaiming unfair bank charges. There is a team of claims specialists available to address any concerns you may have as well as to answer any questions a matter how big or how small. Fighting lenders most often takes more than the average person has to give, not just in resources but in time and patience. If you are ready to file a claim to get a refund on money that should rightfully be yours talk to the claims management team on 0207 471 2000. You aren't expected to know everything there is to know about PPI claims but you will come away from this experience a whole lot wiser.
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