Mis-Sold Payment Protection Guide

Help With Mis-Sold Payment Protection Insurance (PPI)

It is a long and tedious process for dealing with mis sold payment protection insurance claims but by reading this mis sold payment protection guide you may get some helpful tips.

First you have to be sure that you were indeed a victim of mis sold payment protection insurance (PPI). In the UK there are many people who were indeed missold PPI cover at point of sale of taking out loans or other credit products.

• In most cases PPI payment protection insurance has been sold by a lender telling the consumer that it was mandatory with loan or credit product.
• There are cases as well where PPI payment protection insurance terms forced on to consumers by having boxes in forms preselected or ticked.

Understanding whether you have actually been mis sold a Payment Protection Policy

• Sometimes to get a better transparency and to understand whether you have been actually been mis sold payment protection you need to write to the relevant company to get your policy details.
• Please note that once you are sure that you are paying payment protection insurance or PPI you should write to the company explaining that you wish to complain.
• You need to be very strict and straightforward in your approach.

The lenders will always try to discourage your PPI claims, but do not lose hope.

There are thousands of people in the UK looking to reclaim mis sold payment protection insurance and the success rate of getting back the money is very high as per statistics. It is just a matter of timing and patience.

FOS (Financial Ombudsman Service and mis sold payment protection insurance

If the lenders and financial institution do not respond or are slow to respond or the response has not been positive you can approach the FOS for help.

File an official complaint to the FOS (Financial Ombudsman Service). Once the Financial Ombudsmen get involved they evaluate the case on its merit which is highly judged on the quality of paperwork submitted as proof supporting your case.

PPI Claims Solicitors Or Claims Lawyers

You can consider using the services of a PPI claims solicitors or claim specialist in cases of missold PPI. These services are specifically for this purpose and they will be able to negotiate with the institutions to acheive a missold PPI refund on payment protection insurance.

You may have been missold insurance PPI if you were told PPI was compulsory.

Click here to complete your PPI Claim Form