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

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...
 
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....
 
The right way of outsourcing debt settlement
Published by John Taylor on December 15th 2011 | Finance
Those that are marketing debt resolution services, after a period may find, that there are far too m...
 
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...
 
The best debt consolidation advice
Published by Fresh Finance on January 19th 2012 | Finance
Many cases of multiple charges, including credit card charges, economical credit score items from lo...
 
How to choose the right debt management company
Published by James Falla on November 30th 2011 | Finance
There are many different debt management companies. We suggest the things you should consider when ...
 
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...
 
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 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...
 
Exactly what is a debt management program and just how can I get this service?
Published by Deby Suportie on February 15th 2012 | Finance
This article provides information about debt management program and it's significance in today's tim...
 
Profits of using TAXAS debt relief
Published by James Blee on February 14th 2012 | Finance
In economics language, Debt relief means to get relief from all the debts. Today, In USA debt relief...
 
Resolution and reports on debt settlement
Published by Rajkumar Kaushal on April 30th 2012 | Finance
In the world of Debt Settlement report today, there are lots of programming from computer that is ta...
 
Bad credit debt consolidation UK
Published by Fresh Finance on January 19th 2012 | Finance
The debt consolidation entails taking out one mortgage to pay off many others. This is done to prote...
 
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...
 
Consider outsourcing your debt settlement business
Published by John Taylor on December 5th 2011 | Finance
If your business involves debt resolution services, the business may quickly spin out of control due...
 
Caravan Loans - Helps You to be in debt Caravan Loans
Published by Mark Fulton on February 3rd 2012 | Finance
Caravan Loan is extremely well-liked these days, insist in increasing and is basically liked car fi...
 
Writing a review on debt settlement
Published by Rajkumar Kaushal on April 30th 2012 | Finance
Have you been having problems with your Debt Settlement reviews Now your worries will now be a thing...
 
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...
 
Making debt settlement easier with groups
Published by Rajkumar Kaushal on May 15th 2012 | Finance
Debt settlement forms and articles have become what a lot of people are making use of when it comes ...
 
Overcome student debt at the earliest with professional assistance
Published by Peter Paul on December 22nd 2011 | Finance
Student debt can leave you devastated. It can hamper your entire professional and financial future i...