You are Here: » Business » Financing » What is a mis sold PPI?

What is a mis sold PPI?

Go to: Previous Article Next Article

Did you know that if you have taken out a loan in the past, your lender may well have added on payment protection insurance (PPI) to your loan, credit card or mortgage. This insurance is added on so that you are protected if you cannot make your monthly loan repayments. This usually covers you for circumstances such as being too ill to work and therefore missing payments. Whilst this is a good idea it is not something that suits many of us but it is something that lots of us have.

It became the trend for banks and lenders to add this PPI onto loans without even asking the customer if it was something that they wanted. This wouldn't seem so bad except it is something that you have to pay for monthly for the whole time that you have the loan outstanding with your lender. This means you could end up paying back much more than necessary when it comes to your loan repayments.

A mis sold PPI is a PPI that you signed up to without your knowledge. Lots of the times this insurance was just added into the small print and was not something even mentioned when it came to signing up.

If you are someone that is in this circumstance and you have a loan in which you were mis sold PPI then you could be in a position to claim it back. It may seem trivial but if you add up the amount that you paid back for this insurance that you never asked for it is easy to see that it can add up quickly.

It is probably a wise idea to contact an expert PPI claim company. These can help you look at your mis sold PPI and go through your claim with you. They'll usually help with this such as paper work and even the forms that you need to send off to your bank in order to get the information needed to make a claim. This money is rightfully yours so if you do feel that you have a mis sold PPI then you should really look at claiming back the money as soon as possible.

Article Source:
- Credit Cards A big selection of Cards in all flavors: Bad Credit Cards, Secured Cards, Prepaid Cards, Credit Cards for Canada, Low Interest Cards, etc -

Word Count: 376

Reduce Your Debts Without Bankruptcy. See How Much You Can Save. Free Debt Analysis

Read Previous Article ~ Read Next Article

Selected Articles

1: Public Car Insurance in Canada
2: Monthly Car Insurance
3: Why Compare Vehicle Insurance Quotes
4: Way to Get your Unique iPhone Apps Developed
5: Why Do I Need to Attend a Fitness Resort?
6: Contact Lenses Online: Convenient, Less Time Absorbing, Order On The Spot
7: Want Assist With Internet Marketing? Try These Suggestions
8: The Foam Filled Chairs Are Perfect Items of Furnishings
9: People clinging to their content sending dcma requests
10: The Enormous Bean Bag is low priced along with a top quality item of furniture
11: Tips on how to Handle Cholesterol Levels to be Healthful
12: A good solid Global One Ultimate Power Profits Paradigm Shift Platinum Superbly Inspection
13: Car Maintenance: Much better Than Auto Repair St. Louis Case
14: Choosing B&b Hartbeespoort Dam
15: Melaleuca- An Impartial Review- So is this a Melaleuca Scam or can you honestly generate income with this business?
16: Los Ciclos Grado Medio en Catalunya interesan a los estudiantes
17: Tips To Start Successfully Marketing On the web Today
18: Prescription Assistance Programs, Goal and Rewards
19: Way to Find an Efficient SEO Service Provider
20: Joomla Development for your Website
21: Website Design Graphics for Niche Businesses
22: Recycling Help in Keeping our Environment Thoroughly clean
23: Nashville Recycling Info for the Folks of Nashville
24: Personal computer Restoration - Suggestions for Locating a Dependable provider at Waukesha
25: Would like To order Tunes On-line?
26: Viviane Skincare- A Completely Independent Assessment By an Expert
27: Dallas Texas HCG Diet plan Protocol
28: HCG Diet Protocol, it genuinely Succeeds
29: The Functions for Charter Jets
30: Try Out the Well known Athlete's Alfredo with Homemade Alfredo Sauce recipe
31: The Broccoli Cheddar Spinach Soup Recipe Is easy To Actualize
32: Technology Consulting Overview
33: Join the opportunity Get Pre-launch Immediately And Tie down Your Place
34: Beneficial Suggestions For Achieving Article Marketing Results
35: Why should you opt for promotional pens?
36: Types of stress relievers to keep you hale and healthy
37: Mistakes to avoid while choosing novelty pens

Read Previous Article ~ Read Next Article

You are Here: » Business » Financing » What is a mis sold PPI?