Claim Resolution | Claims Advisory Group

What Is PPI?

PPI (fee safety insurance coverage) is an insurance coverage coverage that banks and lenders hooked up to loans, bank cards and mortgage. The thought of PPI was to cowl the month-to-month repayments in your mortgage if you happen to had been to ever change into unable to take action your self. For instance, loads of self-employed debtors had been inspired to take out a PPI coverage in case their enterprise went beneath and so they had been unable to make a fee, nonetheless when it got here to it and so they did attempt to make a declare, the vast majority of distributors had been rejecting these claims, as PPI ‘didn’t cowl that form of loss’. Which begs the query, if this was the case and a supposedly legitimate declare was rejected, then why had been banks attaching fee safety insurance coverage to those loans?

It’s not simply self-employed those who had been mis-sold these insurance policies both, individuals with current medical circumstances, individuals with sick-pay schemes at work, housewives and retired lenders had been all hit with PPI when it wasn’t wanted, that means they had been paying for insurance coverage that they couldn’t even declare on.

To not point out the truth that the vast majority of the time lenders had been tricked into pondering {that a} PPI coverage was vital, and that they had been unable to take out the mortgage with out taking out PPI with it.

How do I do know if I’ve been paying PPI?

There’s nobody single method to decide whether or not you’ve been paying PPI or not, in fact there’s the obvious method, which might be wanting again by way of your statements, or maybe a replica of the mortgage or card settlement. You can additionally contact your lender, and ask them to offer data as as to if you’ve got been paying for this coverage in earlier years. Nevertheless, as I do know loads of you’ll have shredded and disposed of those agreements, and I additionally know that banks can get a bit iffy with regards to disclosing data like that, don’t worry, there may be an alternative choice.

How do I’m going about claiming again my PPI?

Go to www.claimresolution.co.uk to get a no-win no-fee, no obligation quote on taking step one in the direction of claiming again that cash you possibly can be owed. Declare Decision (a part of the Claims Advisory Group) presently declare again over £2,000,000 monthly in mis-sold PPI on loans, playing cards and mortgages, so when you’ve got taken out any of those within the final 10 years then begin your declare at this time! As I prefer to say, ‘nothing ventured, nothing gained’ and with this no-win no-fee service you don’t have anything to lose both, so discover out at this time when you’ve got a legitimate declare and take that step to claiming again probably hundreds of kilos.