Can My Bank Charge Me for Being Overdrawn
PPI, is often referred to as loan insurance, loan protection, payment insurance, and payment protection insurance and they are all kinds of insurance that assist its policyholders in the event they need financial assistance due to unemployment caused by illness or being fired/laid off. PPI can be attached to financial services much as how home insurance is attached to a house. This means that if someone was to attach PPI to their credit card when they become unable to pay the monthly repayments on the card the payment protection company will pay the monthly repayments on the credit card on behalf of the policyholder. With most financial services such as credit cards, bank loans, store cards, and mortgages being attached to payment protection and the policyholders being excluded most of the time it is easy to understand why payment protection insurance claims to have skyrocketed in the past few years.
Payment Protection Refunds
When attempting to get payment protection refunds there are also additional charges that can be refunded surrounding payment protection such as bank charges. Bank charges range from overdraft charges to service fees. A lot of PPI policyholders have questions regarding bank charges on PPI related accounts such as how can my bank charge me for being overdrawn? These charges can be refunded if the payment protection policy holder can prove they were mis-sold. Ways in which a policy holder can prove they were mis-sold include proving that the lender did not inform them as to how much payment protection would cost in addition to lenders not advising customers that payment protection was optional. Other ways include lenders telling borrowers that payment protection insurance would increase the chances of getting a loan or forcing them into the coverage by including it with the loan. Some lenders would even let unemployed people get loans and attached payment protection insurance to the loan knowing that unemployed people were disqualified from payment protection policies .Any of the above reasons would entitle a payment protection policyholder to receive a refund for all charges surrounding payment protection.
PPI Claims Companies and Charges Surrounding Payment Protection
Some PPI policyholders are wondering if I have PPI can my bank charge me for being overdrawn or can my bank charge me for being overdrawn if they sold me PPI for my bank account? If you found yourself wondering some of the same questions you may need to contact a PPI claims company. PPI claims company can let you know how many times can my bank charge me for being overdrawn or can my bank charge me for being overdrawn if they are the ones who caused it to be overdrawn? The PPI claims companies hire staff that routinely answer questions like can my bank charge me for being overdrawn without my permission and many claims companies have been certified by the Ministry of Justice. If a PPI claims company has been certified by the Ministry of Justice that means they have passed the strictest rules and regulations to do business as a PPI claims company. Some of the payment protection claims companies even offer their services for free unless they get you a refund.
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