Payment Protection Insurance or PPI as it's better known is a insurance cover sold by the banks, in order to 'protect' your loan, credit card or other type of finance. Unfortunately it rarely met its requirements; the insurance itself was mis sold to millions of people across the United Kingdom and has continued to cost the consumers of the UK absolutely billions of pounds.
It's taken years of people paying for this insurance to realise that they did not ask for the PPI and it's been simply added to your finance, or that it does not cover them under certain circumstances (circumstances in which you are trying to claim for). The problem is that not only will consumers pay up to one third more on top of the price of the loan, but it's for a product that will never work for you and you do not get the PPI you've paid back (as part of the loan agreement). The price of the insurance averages 4,000 on a completed loan and luckily there are people willing to help you claim the Payment Protection Insurance you've paid back.
PPI claims are being made by the millions, more people realised that there are people willing to help get the money back, because at the end of the day you were sold something that does not meet your niche circumstances. The main reason for these products do not work, is that they are too generalised. They do not cover the daily needs of most people and there are the limits to what they work for with only about 18% of people managing to use it.
There are many reasons in which you could have been mis sold the Payment Protection Insurance... This insurance can only pay out if you don't receive any sickness benefit from your employer, so if you were to receive 6 months full pay (such as council employment, NHS employment or any civil servant) then you would have to continue paying your loan and surviving on your full sickness pay until it ran out.
On top of that, this insurance can only pay out if you don't receive any sickness benefit from your employer, so if you were to receive 6 months full pay (council employment, NHS employment or any civil servant for example) then you would have to continue paying your loan and surviving on your full sickness pay until it was diminished.
It's taken years of people paying for this insurance to realise that they did not ask for the PPI and it's been simply added to your finance, or that it does not cover them under certain circumstances (circumstances in which you are trying to claim for). The problem is that not only will consumers pay up to one third more on top of the price of the loan, but it's for a product that will never work for you and you do not get the PPI you've paid back (as part of the loan agreement). The price of the insurance averages 4,000 on a completed loan and luckily there are people willing to help you claim the Payment Protection Insurance you've paid back.
PPI claims are being made by the millions, more people realised that there are people willing to help get the money back, because at the end of the day you were sold something that does not meet your niche circumstances. The main reason for these products do not work, is that they are too generalised. They do not cover the daily needs of most people and there are the limits to what they work for with only about 18% of people managing to use it.
There are many reasons in which you could have been mis sold the Payment Protection Insurance... This insurance can only pay out if you don't receive any sickness benefit from your employer, so if you were to receive 6 months full pay (such as council employment, NHS employment or any civil servant) then you would have to continue paying your loan and surviving on your full sickness pay until it ran out.
On top of that, this insurance can only pay out if you don't receive any sickness benefit from your employer, so if you were to receive 6 months full pay (council employment, NHS employment or any civil servant for example) then you would have to continue paying your loan and surviving on your full sickness pay until it was diminished.
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As previously mentioned if you have PPI, then it is probably wrong for you and you should be entitled to reimbursement of 1000's pounds. Get your Payment Protection Insurance claim started before time runs out!
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