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| How to Claim Mis Sold PPI |
Along with the loan agreement a PPI (Payment Protection Insurance) was sold to the borrowers guaranteeing relaxation against debts for instance loans, mortgages etc. It was assured that lest the borrower becomes unproductive due to illness or accident or due to any circumstances then PPI was the relaxation policy in which the borrower was exempted for a year, by the means of no fee or small compensation. PPI was generally sold linked to the credit.
A considerable amount was then added with the loan; approximately 20% of the normal repayment was added. The idea of benefiting the people ultimately lead to their loss and people are still unaware of how to claim mis sold PPI. Some borrowers attempted to claim miss-sold PPIs; but, in the report of CAB (Citizens Advice Bureau) clients, it is figured out that the borrowers were not able to make successful claims due to lack of legal assistance and exclusion clauses.
PPIs were being miss-sold by some sales people to earn huge commissions in a dishonest manner. The answer to how to claim mis sold PPI is easy; however, claiming is an exhausting process. After the entire loan settlement and once the lender is satisfied and even if the loan contract was agreed to in last 6 years, then check your payment statements, if the PPI is still being paid, claim your PPI.
In order to make a claim, the borrower can directly approach the loan company which will be not cost anything but will be complicated and at the same time, the lawyers of that company will make sure that the claim is turned down. Instead, there are some laws firms which are perfect and can very well compete with the loan companies and are known as claim management companies. They work on ‘no win no fee’ basis and if they win the case charges wisely.
A considerable amount was then added with the loan; approximately 20% of the normal repayment was added. The idea of benefiting the people ultimately lead to their loss and people are still unaware of how to claim mis sold PPI. Some borrowers attempted to claim miss-sold PPIs; but, in the report of CAB (Citizens Advice Bureau) clients, it is figured out that the borrowers were not able to make successful claims due to lack of legal assistance and exclusion clauses.
PPIs were being miss-sold by some sales people to earn huge commissions in a dishonest manner. The answer to how to claim mis sold PPI is easy; however, claiming is an exhausting process. After the entire loan settlement and once the lender is satisfied and even if the loan contract was agreed to in last 6 years, then check your payment statements, if the PPI is still being paid, claim your PPI.
In order to make a claim, the borrower can directly approach the loan company which will be not cost anything but will be complicated and at the same time, the lawyers of that company will make sure that the claim is turned down. Instead, there are some laws firms which are perfect and can very well compete with the loan companies and are known as claim management companies. They work on ‘no win no fee’ basis and if they win the case charges wisely.
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It turns out Mr Robb had been seriously mis sold PPI a number of times alongside loans, PPI help
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