Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Information of Making a PPI Compensation Claim

By Connected Claims Subscribe to RSS | February 21st 2012 | Views:
loading
 
  



If you have been watching daily news broadcasts or monitoring online articles, you may have heard or read about the controversy surrounding payment protection insurance. This is because many people are now realising that they were mis-sold this type of policy and they are taking steps to recover the money that is rightfully theirs. Before we look into the process of PPI Compensation, here's a quick overview of what is PPI is, how to identify if you are paying for PPI and how to identify if you have been a mis sold PPI. Payment protection insurance is a type of policy designed to serve as a backup to inability to meet loan or mortgage repayments as a result of illness or short term unemployment, and by its nature is a technical and complex policy to create. Payment Protection Insurance can be a very useful product which helps consumers to protect their finances. It usually runs for 12 months, which is the allotted time that people would typically recover from their illnesses or injuries and get back to work.

If you feel that you have been mis sold PPI insurance in the past, there are ways for you to be compensated. Before going to compensated, Herein we will throw some light upon the Reasons why PPI may have been mis sold:

• Borrowers are not aware that a lump sum has been added to their loan

• Age limitations for making claims were not explained to borrowers

• You were self employed, unemployed or retired - This factor is sometimes overlooked by the advisor and if you fall into this category the policy is more than likely useless

• Long term accident and sickness policies were not offered as an alternative

• Borrowers are not aware that the insurance lasts only for the first five years but the loan may be 10, 15 or even 25 year term

So how does a borrower go about getting compensation for being mis sold a PPI policy now that you realise that you may have a claim? Then be aware there are two ways to do this. One obviously is to try and make a claim yourself, and the second is to make a claim via an agent. There are a vast number of genuine online companies who are specializing in PPI compensation. If you claim via an agent you probably stand a 95% of them winning your PPI claim in full. So do not delay as PPI compensation claims are time limited.

Connected Claims - About Author:
PPI compensation,
PPI compensation Claims

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/insurance-articles/information-of-making-a-ppi-compensation-claim.htm

Related Insurance Articles Subscribe to RSS

Contact Blake, THE professional and fair debt collection agency designed to take the hassle out of recouping your money!
Published by James Blee on June 16th 2012 | Finance
Leading from the front is Managing Director Howard Blake who understands the importance of successfu...
 
How to manage your debt
Published by Rajkumar Kaushal on June 23rd 2012 | Finance
Getting debt consolidation during settlement of debt is very important. Cashless policy where credit...
 
Credit Counseling: Your first line of defense against crushing debt
Published by CVGiCanada on January 11th 2012 | Finance
Your Toronto credit counselor is someone you have to have a great deal of trust in. These profession...
 
Maryland debt settlement centers
Published by Rajkumar Kaushal on May 30th 2012 | Finance
Maryland Tips and management in debt settlement centers is one of the management of debt that Tips a...
 
Settlement of debt in America
Published by Rajkumar Kaushal on June 23rd 2012 | Finance
Getting settlement in America when it comes to credit card is not very easy sometimes because of the...
 
How creditors help you in learning more about bill and debt consolidation
Published by Joseph Goins on May 18th 2012 | Finance
People facing high bill problems can find a solution and relief through bill and debt consideration....
 
What is debt advice UK and just how can one get this service?
Published by Deby Suportie on February 15th 2012 | Finance
Debt advice UK has aided many people affected by their debts. Through the years, providers have been...
 
Taking care of debt settlement
Published by Rajkumar Kaushal on May 12th 2012 | Finance
How do you choose good information on debt settlement bankruptcy in debt settlement? This is one que...
 
How can i get dependable credit card debt advice and exactly how could it benefit me?
Published by on March 27th 2012 | Finance
Credit card debt advice is a program provided by debt companies to help those people who are battlin...
 
Understanding Christian and credit card debt settlement organizations
Published by Julia Roger on December 14th 2011 | Finance
With increasing debts among the majority of the population, people have started to seek professional...
 
Bank debt settlement in America
Published by Govindsingh on June 26th 2012 | Finance
For you to get out of debt settlement bad during settlement of debt in bank is very important. Cashl...
 
What precisely does Credit card debt help signify and just how can it benefit me?
Published by Deby Suportie on April 2nd 2012 | Finance
Credit card debt help is a support offered by lending companies to help those who are struggling wit...
 
I am in a debt management plan and have been made redundant – what can I do?
Published by James Falla on November 28th 2011 | Finance
With the possibility of wages being reduced and jobs being lost as a result of the government cuts, ...
 
Process of debt recovery in turkey within the Turkish law
Published by Rosa on November 26th 2011 | Finance
The process of debt recovery in turkey follows the Turkish Enforcement Law. Any legal entity in fore...
 
Preferred Stock- Personal debt and Equity
Published by Isol on August 13th 2012 | Finance
Preferred stock options executes some degree associated with title in a company but by natural means...
 
Stay away from the traps of the student debt
Published by Peter Paul on December 15th 2011 | Finance
The student debt can be avoided at all costs. Here are some tips to stay away from the traps of the ...
 
Articles that make firms better in debt settlement
Published by Rajkumar Kaushal on May 26th 2012 | Finance
Debt articles and firms that care of debtors is one of those debt settlement we see when it comes to...
 
How to find articles on debt settlement
Published by Rajkumar Kaushal on May 12th 2012 | Finance
One can enjoy reduction in debt settlement and its association in debt settlement articles that oper...
 
Dumfries and Galloway debt figures reach record level
Published by Jack Gray on February 1st 2012 | Finance
A report by Citizens Advice Service was brought out a shocking number out of the people who are into...
 
Consumers of debt settlement
Published by Rajkumar Kaushal on May 17th 2012 | Finance
Exceptionally debt management and firms Debt information has become synonymous with keeping people. ...