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Wrongly Sold Payment Protection

The funny thing about payment protection insurance is that it doesn't always offer a great deal of protection. Because of this many cases of loan protection insurance which have been sold within the past takes years have been wrongly sold payment protection policies. If you feel that you have been wrongly sold payment protection insurance, commonly referred to as PPI, then you could be eligible to get a refund on any money you have spent on this wrongly sold payment protection insurance. If you are unclear as to whether or not you have been mis-sold PPI than the place to start would be with your original loan documents.

What Those Original Loan Documents Will Tell You

When you have your original loan documents first thing you can do is take a look at the closing statement to see just what you're payment for every month. So many times consumers feel they are paying way too much for the amount of money borrowed but haven't a clue why.  The good news is, if cover was added without your consent you can start reclaiming PPI reclaiming PPI.

Claiming Back Bank Charges on Wrongly Sold Payment Protection

Once you can find the confirmation you need on your loan documents that you have been mis-sold PPI is time to begin thinking about bringing back bank charges. The first step of course is to contact the lender saying that you believe you have been wrongly sold payment protection insurance. Sometimes a lender will tell you to write a letter so that everything is in writing while other lenders may require you to fill out some type of formal claims form.

Wrongly sold payment protection is a problem for everyone involved even though you may have no sympathy for the lender who mis-sold PPI to you. If you would like the help of a PPI claims company speak with a member of the claims team about filing a claim. Today call 0207 471 2000


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