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Avoid getting mis-sold to PPI

 


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An increasing number of consumers are showing higher interest in Payment Protection Insurance or PPI. There are many situations when one may not be able to covers repayments due to any reason which could be a job loss, accident, injury or any other reason. Payment Protection Insurance is sold on any credit product including loans, credit cards, mortgages, store cards, car finance etc. there have been instances of the insurance being mis-sold in some cases.

Under such circumstances, one can make PPI claim to get their payments back. As PPI offers big profits for the banks, this is the reason why several time, the consumers are cajoled to add PPI to a credit agreement. Recently, billions of pounds were set aside by banks as compensation payments to deal with PPI refunds.

Some good examples are RBS and Lloyds TSB, where PPI was mis-sold to the customers.

Have you ever been mis-sold PPI? Well, you can make out if you didn’t ask for PPI but still find it added to your policy. If you were told that PPI was compulsory than be sure that you are being cornered into buying the insurance. In case you were Self-Employed, Retired or unemployed, when the policy was taken out then too, you have been mis-sold the insurance. Watch out for these indications and buy PPI only if you need to. Sometimes, the banks are a little too determined to sell you PPI and therefore may use a different wording or language to Unemployed.

Many of them were giving huger performance based incentives to their staff for taking out PPI cover.

In case you have make PPI Claim, then it is best to choose a specialist who can handle all the paperwork for you. There are plenty of professional and experienced Claims Handlers who work on the basis of no claims, no fee.

They won’t ask you to make any payments till the claim is successful. The whole process of any average claim may take anywhere between 8 to 10 weeks. The negotiation skills of these professional are really helpful in getting payment protection insurance claim.

Look for reputed and experienced PPI Claim who can really help you get your money. They should be registered and certified and carry a good past record. They know how to handle the banks and will be easily able to see through their deception and expression.

Just get into the right hands to deal with PPI and on your part, avoid getting mis-sold. Visit site for more info.

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