Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

PPI compensation: Stake Your Claim

By Connected Claims Subscribe to RSS | February 17th 2012 | Views:
loading
 
  



If you have had a loan, credit card or mortgage with any bank, Mortgage Company or credit card provider, then you may have been mis-sold PPI - and could have a claim for thousands of pounds in compensation. Payment protection insurance is a product that was widely sold by banks and lending institutions. It is no longer sold, as it was a poor product that paid out very rarely when customers tried to claim. For this reason, it is sometimes known as ‘Accident, Sickness and Unemployment Insurance" (ASU). However the policies were riddled with exclusions forced upon borrowers or even added on with out the clients consent.

PPI has been mis-sold by some of the the UK's largest banks and credit providers for many years and billions is owed back in PPI compensation. If you have taken out a credit card, loan or mortgage in the last 10 years then there is a good chance that some form of Payment Protection Insurance was added to your loan and you could be owed thousands. It is estimated that over 10 billion Payment ProtectionInsurance (PPI) policies have been sold and as many as 30 million policy holders have a claim for compensation.

PPI Compensation Process

1. Check the list of eligibilities in order to find out the category that you fall under, so that you have a clear cut picture of PPI refund that you are inclined to obtain.

2. The best way to submit a compensation claim is to write a complaint asking for a refund.

3. Most of the PPI compensation claims get settle within 8 to 10 weeks or so, depending on the response given by the providers.

4. If the lender who sold the PPI refuses then write to the Financial Ombudsman Service complaining about the PPI charged.

5. Alternatively you may instruct a third party to assist you with the claim.

The amount of PPI compensation could be owed is dependant upon your circumstance. The size of your loan will have determined the cost of your cover. If you are eligible for PPI Compensation and are not interested in carrying out an investigation yourself you have the option of using a dedicated claims management company. So visit the site and take action today.

Connected Claims - About Author:
PPI compensation

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

Article Source:
http://www.articleside.com/insurance-articles/ppi-compensation-stake-your-claim.htm

Related Insurance Articles Subscribe to RSS

Why should you compare mortgage rates?
Published by Sentjohnson on December 15th 2011 | Insurance
Buying your own home is nothing less than a dream come true. Everyone dreams of a perfect life with ...
 
Most excellent home mortgage calculator plus home buying tips
Published by Andrew Watson on December 30th 2011 | Finance
For a number of people it certainly is very much common to look around for best mortgage calculator....
 
Bad credit and mortgage refinance option
Published by Kam Brar on December 16th 2011 | Finance
As people think, it is not easy to get mortgage refinance with bad credit. There are various factors...
 
Tips to taken into consideration while choosing mortgage brokers
Published by Geno on March 28th 2012 | Finance
Majority of the home buyers get struck off when it comes to mortgage loans. Lack of knowledge about ...
 
Personal Injury Claims and the Responsibilities of Personal Injury Lawyers
Published by Robert Allison on August 25th 2012 | Insurance
Personal injury claims can be tricky, especially if you do not know what to do in order to move forw...
 
Personal Injury Claims and the Responsibilities of Personal Injury Lawyers
Published by Robert Allison on August 25th 2012 | Insurance
Personal injury claims can be tricky, especially if you do not know what to do in order to move forw...
 
Personal Injury Claims and the Responsibilities of Personal Injury Lawyers
Published by Robert Allison on August 25th 2012 | Insurance
Personal injury claims can be tricky, especially if you do not know what to do in order to move forw...
 
Under the Life Bridge Benefits Plan, Fixed Amounts are Paid Directly to Long-Term Care Providers
Published by Life Bridge on August 24th 2012 | Insurance
Federal Reserve Chairman Ben Bernanke has cautioned that escalating health care costs must be curbed...
 
Under the Life Bridge Benefits Plan, Fixed Amounts are Paid Directly to Long-Term Care Providers
Published by Life Bridge on August 24th 2012 | Insurance
Federal Reserve Chairman Ben Bernanke has cautioned that escalating health care costs must be curbed...
 
The Advantage of Choosing a Long Term Care Facility
Published by Life Bridge on August 24th 2012 | Insurance
Senior communities have changed significantly over the last couple of decades and if you haven’t v...