Overpaid Loan Insurance
It has been estimated that in the UK alone there are thousands of people who may have overpaid loan insurance. This means that people are paying for PPI policies that they may not even be able to make claims on. The good news is, if you have been mis-sold payment protection You may be entitled to make a claim.
If you have overpaid loan protection insurance then you are probably going to
have to assess your situation and take stops to correct it. When people make
payment protection claims and find that the coverage was nothing like they
thought it would be or that they have a condition or circumstance which makes
collecting benefits impossible this can be devastating. This is especially true
if the person is already struggling to keep his/her bills paid each month.
Lenders should be asking a lot of questions and checking to see whether or not
people who are purchasing insurance can actually reap the benefits of the
coverage. Instead, in the past, some policies were sold widely with little
consideration as to the suitability of the applicant for the cover. Some ways in
which you may have been mis-sold the cover include: if you were told you had to
have it, if it was added without your consent, if you were intimidated or
pressured into purchasing the cover or you had cover elsewhere. Your cover may
also have been mis-sold if you were unsuitable due to your circumstances E.g. if you were unemployed or had a pre-existing medical condition.
To start a claim for overpaid loan insurance call The PPI Company on 0207 471 2000. Alternatively, you can complete our quick claim form. Remember there is no limit to how many payment protection claims you can make and you can even make make if your loan is paid off or you no longer have the account.
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