The mis-selling of PPI (Payment Protection Insurance) was so prevalent from the late 1990's into the 21st century that most people will say that if you took out a loan during this period it's likely you were mis-sold PPI. But how can you know if you were mis-sold PPI for sure?
There are a couple of clear-cut situations in which PPI would have been mis-sold. These include things like the advisor not properly explaining what PPI was, or suggesting that your request for a loan was more likely to succeed with a PPI policy attached. It might even have been the case that you weren't told about PPI - in these situations you would definitely have been mis-sold PPI.
After 2005, guidelines stipulating how PPI could be sold insisted that a 'demands and needs' statement be read by anyone advising you to buy PPI. This was to ensure that the customer fully understood the product they were purchasing and could make an informed decision about whether it was useful for them. If no such statement was read then you also have a very strong case to reclaim PPI.
Of course, there's little way of knowing if you were mis-sold PPI if you can't even remember who you borrowed money from and if you were even paying PPI in the first place. You can find out all the financial products you've purchased through agencies that can sell you your credit report if you can't find the original documents.
This is one reason why so many people are choosing PPI claims companies to help them. Because many work on a no-win no-fee basis, you can safely get them to examine any suspected cases without having to worry about making payments or wasting any of your time if it turns out you aren't able to claim. With no risk to you, if you have taken out a loan in the last several years, it might be worth finding out if you can claim.
There are a couple of clear-cut situations in which PPI would have been mis-sold. These include things like the advisor not properly explaining what PPI was, or suggesting that your request for a loan was more likely to succeed with a PPI policy attached. It might even have been the case that you weren't told about PPI - in these situations you would definitely have been mis-sold PPI.
After 2005, guidelines stipulating how PPI could be sold insisted that a 'demands and needs' statement be read by anyone advising you to buy PPI. This was to ensure that the customer fully understood the product they were purchasing and could make an informed decision about whether it was useful for them. If no such statement was read then you also have a very strong case to reclaim PPI.
Of course, there's little way of knowing if you were mis-sold PPI if you can't even remember who you borrowed money from and if you were even paying PPI in the first place. You can find out all the financial products you've purchased through agencies that can sell you your credit report if you can't find the original documents.
This is one reason why so many people are choosing PPI claims companies to help them. Because many work on a no-win no-fee basis, you can safely get them to examine any suspected cases without having to worry about making payments or wasting any of your time if it turns out you aren't able to claim. With no risk to you, if you have taken out a loan in the last several years, it might be worth finding out if you can claim.
About the Author:
If you think you've been mis sold PPI, you could be eligible to reclaim any payments you've made in the past.
0 komentar:
Posting Komentar