A recent high court ruling puts money back in your pocket.
You might have been illegally sold payment protection insurance known as PPI if you’ve had a loan, credit card or other type of debt within the last six years. Exclusions found in the small print of the insurance policy render it virtually useless in most cases. You might be able to file a PPI Reclaim if nobody told you what the PPI was for or what your claim entitlement permitted.
You cannot make a reclaim if unemployed or retired at the time you took out the policy.
Individuals working only part time or of advanced years can file a claim can file a PPI Reclaim despite what their policies state. Most PPI Reclaims will originate out of policy owners not knowing or understanding what the PPI was for since it was not clearly explained to them. There is currently no set limit to the amount of PPI Reclaims that you can file.
Filing a PPI Reclaim is a lengthy process that can be made simple by following a few steps or you can go to one of the many online PPI Reclaim businesses that have popped up over night. They will help process your claim for a small fee. You could do it yourself by sending a demand letter to the insurance provider then contact the Federal Ombudsman Service for a PPI Reclaim investigation if the provider fails to respond.
