Reclaiming back bank Charges

Help claiming back bank charges and PPI Insurance

In the UK we all wish for financial security in the future, as the future is always uncertain. Payment protection insurance also known as PPI is one way of securing your future financially.

• PPI insurance covers you against your huge liabilities when you are not able to pay them due to some unavoidable mis happenings.
• In case you lose your mode of earning due to some reason like fatal accident, death, chronic illness, then PPI is there to provide you or your family with financial help so that some financial stability is maintained. Payment protection insurance is generally available from banks and other credit providers. PPI
• PPI insurance is bounded with a time limit, meaning that it provides cover only for a certain time period, which may vary from 12 to 24 months. After that the borrower has to take the responsibility of paying the debts on him.

In the UK many cases of mis sold insurance occur...

One of the reasons that the mis selling of payment protection insurance occurs is due to banks negligence. Here are some pointers to guide you that if you have been mis sold PPI and how to reclaim PPI charges and bank charges in case you are a victim.

• PPI mis selling may occur is when it is sold to person above the age of 65
• PPI has some rules and regulations which are to be followed strictly, one of which being the age limit assigned to it, hence any person who wish to purchase PPI must be above the age of 18 and under the age of 65.
• Not everybody is eligible for purchasing PPI. Students, retired people, and people who are unemployed prior to the purchase of the policy do not qualify to own payment protection insurance. Hence if you fall in any of the three above mentioned categories and have purchased a PPI recently, then you have fallen prey to mis selling of PPI.
• It is the duty of the lender to enquire beforehand if the customer has already purchased an insurance policy to cover him financially, because in that case he will not need PPI. If no such enquiry has been made before selling the policy, then it is clearly a case of mis sold PPI.

Claim Back Mis Sold Payment Protection

• If you want to reclaim the unfair mis sold payment protection, you have a few options to do so. You can file the reclaim yourself by contacting the lender directly, but the lender might refuse the claim without a complete review.
• Another way of approaching PPI reclaim is through professional help, you can instruct an experienced PPI claims solicitor or PPI claims lawyer to reclaim the PPI charges. This method will save your time and effort, and will also increase the chances to get compensation for your PPI misselling loss.

Having knowledge of how to tackle the problem of mis sold PPI is very important, but you can always avoid these hard times by being more careful, and looking for the best suitable option for you, so that PPI act as a financial help rather than a financial liability.

If you’re not sure what do to next – get in touch with us. We should be able to sort out which company is involved and pursue then for compensation.

• 'No Win - No Fee' Service and No Upfront Fees
• Expert friendly advice
• We will handle your case from start to finish

Click here to complete your PPI Claim Form