Payment Protection Agency
If you have been mis-sold payment protection insurance you are probably keen to
start making a claim and recovering your money. Before you start, it is wise to
find out as much information as possible about mis-selling and the claims
process. In cases like this it can be helpful to contact a payment protection
The Loan Protection - what is it?
Loan protection is supposed to protect a borrower in the event they become sick,
have an accident or are made redundant by stepping in to take over repayments.
The trouble is it can be very expensive - leaving borrowers with significant
extra bank charges
- and is often not suitable for everyone. The high number of exemptions also
means that many customers who try and get a payout from their policy are
Difficulty Reclaiming PPI
Some customers have reported having difficulty reclaiming PPI with some banks
rejecting a high number of claims. This is why it is particularly import to arm
yourself with the maximum amount of information before you make your complaint
and why a payment protection agency might be useful.
Working Together to Reclaim Bank Charges
Together with a payment protection agency you can make a claim for mis-sold loan protection insurance.
A good payment protection agency will guide you through the whole process and
will explain everything clearly.
What You Need to Apply for a PPI Refund
To beginning making your claim you will just need a few simple pieces of
information including the name of your lender and your loan agreement or
reference number. It may also be useful to have a copy of your original
paperwork or loan agreement to refer to. If you don't have this you can request
a copy from your bank.
If you would like assistance making your claim or would just like more
information on mis-selling and the claims process 0207 471 2000
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