Are you familiar with Payment Protection Insurance (also known as PPI)? Do you know if you have one in place? If you have any kind of loan, you may be one of millions that are unnecessarily paying extra on top of a loan you already have. The good news is you can make PPI claims to recover the money you didn’t need to part with.
PPI is a product sold by companies together with a loan to protect you from any kind of change in your financial future that may affect your ability to make payments. Some of these changes may be brought on by loss of a job, illness, or reduction in your earning levels.
The sum of payment protection insurance may have been added to the remaining total of your loan, or made separately. Although PPI may be beneficial to some, the majority of PPI policies are rarely required and thus why the governing bodies have allowed a path to reclaim PPI payments.
Many people are often not aware of PPI Policies. For example, it is often unknown that these policies can inflate the total of the loan anywhere from 13% to 56%. In other cases, the loan has often been added without the customer’s knowledge or the customer has been forced to take out PPI in order to be accepted for a loan. It has also been stated that over 20 million PPI policies are active, with only 2% of that number trying to claim on the payment protection insurance. In fact 1 in 4 people that attempt to claim on the loan while ‘insured’ by PPI are rejected.
It is very important to be aware of these issues regarding PPI, that way you can take the necessary steps to protect you and your family. For this reason alone, we have put together a team that can help you receive fair PPI compensation, or even a full refund of your PPI payments. There will be little time involved on your end, so we will do the work for you. This is your money at stake! So see if you can make a PPI claim, and we will help you get it back. You have nothing to lose, except a chance at getting back what was rightfully yours. We will be happy to serve you, so call us for more information, at your convenience: 0800-280-2320.