Mis Sold PPI- What to Do

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PPI Claims
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About mis sold PPI

• It has been noticed that loans and mortgages that
  were sold in last ten years comes with PPI
  protection and in most cases it was sold as
  compulsory product with lending product. In such
  situation, people have to buy this payment
  coverage product even they do not need that. All
  such PPI plans that were sold with such
  misconceptions comes under the category of Mis
  sold PPI. Banks are legally obliged to pay back
  the amount to consumers.

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What is mis sold ppi claim

• If you have a mis sold PPI then you are entitled
  to make PPI claim in order to get back the amount
  that was out. There is legal provision with the
  efforts of FSA and FOS for banks to pay back the
  entire amount to the victims who have faced
  financial losses due to mis selling of PPI. Banks
  are obliged to pay back full compensation to the
  victims for their losses. Entire process will
  complete under supervision of FOS. At the end of
  mis sold PPI claim process, you will win
  compensation for your losses.

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PPI claims Benefits

• If you have been paying unnecessarily premiums
  for payment protection insurance and faces
  financial losses with it due to unfair trading
  practice of banks then it is your legal right to
  get back your entire amount. PPI claim is quite
  beneficial in this context. You will get back
  your all amount that was out at the end of the
  process. You can arrange PPI claim process for
  yourself and hence you can save fee for the
  process.

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Can I claim for older ppi plans

• You can claim for PPI plans that are not more
  than six years old. Claims can be made even you
  have clear off all payments.
• If you have PPI plan more than six years old that
  is still alive then also you can claim to get
  your money back
• If your policy is more than six years old then
  there is lower chances of recovery. However, if
  you have all your documents safe then you may
  file claim to get back the compensation.

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What to do if banks refuses to pay back

• If your bank refuses to pay back the amount on
  certain grounds or doesnt make any response to
  your claim letter then you may contact to
  Financial Ombudsman Services for further process.
  Further, you will need to follow the instructions
  guided by them in order to get back the
  compensation amount. You should know that it will
  take time to complete the process. So keep
  patience till the end of the process to get back
  your amount.

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Thank you !!!

• For more information please visit at
• http//www.ppiclaims.uk.com/