February 23, 2012

How to claim payment protection insurance

Do you want to know how you can claim payment protection insurance? Look no further – in this article you’ll learn how to claim the money that should be yours!

The first step is to make certain that the loan you took out included  PPI. Once you have established that, you must attain the proper paperwork. Contact your lender and ask for this, but be aware that they may charge a small fee. Lenders have a responsibility to ensure that you are aware that you are being sold  PPI. Next, go through the follow checklist to claim payment protection insurance.

Were you told that the PPI was compulsory?

Were you told or sold the wrong thing? Were you self-employed, unemployed or retired when you took out the loan? Have your provider already been fined? After this, write to your lender. Know that the bank will ignore or reject your request at first. This is a common tactic that is employed by many banks. If after a few tries you still don’t have any success with claiming your  PPI, it’s time to contact the Financial Ombudsman Service. This service is free and can be vital in helping you claim payment protection insurance. Good luck!

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