PPI Claims

The number of people making PPI claims is rising all the time as more of us discover that we have been mis-sold policies in the past, but how do you go about making PPI claims? The process itself can be complex hence it is wise to invest in the knowledge of a professional who is well versed in the field – there are many about and you can find details of them on the internet – but finding out whether you are entitled to make PPI claims is something you can easily do yourself.

The first thing you need to before you make any PPI claims is find out if you have any PPI policies that you currently pay into, or if you recently had any that have since expired. This may sound like common sense, but one of the findings of a recent PPI claims driven investigation into the market – an investigation that resulted in prosecutions for mis-selling, a major rewriting of the regulations and the ongoing pursuit of PPI claims – was that many people did not know they had PPI policies and were not always aware of what they are. To get your PPI claims started, give our team a call now on 0800 840 7292 or if you prefer, fill out the quick and easy form and we’ll get back to you with a compensation quote.

For the record, if you’re thinking of making PPI claims you might want to know the basics: PPI, or Payment Protection Insurance, is an insurance policy you take out when you agree to a loan or other credit agreement. Despite all the mis-sold PPI claims it is designed to give you peace of mind, knowing that you will be able to continue the payments on the loan should you be made redundant or find yourself unable to work thanks to illness or accident. For many people, it is often the case that the true meaning of PPI is only discovered when beginning PPI claims.

And this, it must be said, is where the problems began and where the rush for PPI claims came from, because more and more people began to find their policies were not what they thought. Prior to any PPI claims, PPI can be very specific with some individuals under the impression that they were covered for accident and illness when they were – in fact – only covered for involuntary redundancy (and in some cases, vice versa). Other PPI claims have come about because policy holders found that they had been led to believe they were obliged to take the insurance policy that came with the loan, whereas they were actually entitled to refuse it and shop for their own, often cheaper, policy. In this circumstance, PPI claims can get your money back from the insurance provider to be used on a better priced and suited policy.

These are reasons why you may be entitled to make PPI claims; check the small print in your policies and go back to the point of sale in your mind. While there, think about the reasons for PPI claims and consider whether you were coerced into buying a specific deal rather than being given the correct options. It’s worth doing this because PPI claims can achieve a whole lot of cash which is rightfully yours.

Starting Your PPI Claims

Mainly because of the surge in PPI claims, the regulations are now much tighter than they ever have been hence taking out a PPI policy is a safer process. But the number of people entitled to make PPI claims who have yet to come forward and do so is estimated to be vast. If you think you have a PPI claims to make, go ahead and make them – it is, after all, your right to do so. If you’re ready to get your unfair PPI payments back, you can do the same by calling our specialist team on 0800 840 7292 to get your claim started.