Thousands of people in the UK are seeking to re claim PPI through the mis-selling of insurance by lenders and banks when taking out a loan or credit agreement such as a mortgage, credit card, store cards or a loan. PPI is a payment protection insurance which may have been sold to you when taking out such agreements but most people don’t agree or know to having the insurance in the first place or feel that they have been pressured into it by the lenders in taking out insurance when in fact you will more than likely never use it. Now is the time to find out whether you have been sold the insurance and how you can reclaim PPI.
You can reclaim PPI should you have taken out a credit agreement in most circumstances six to ten years previous to starting a claim. The easiest way to find out whether you have payment protection insurance is to look at statements. Stated on the policy statements should be something along the lines of payment insurance, loan insurance or policy insurance. If you still can’t see anything, give your original lender a call who will be able to tell you whether you had PPI in the first place and ask them to send you a copy for proof. Next have a think about when you took the policy out. Did you know about PPI? Was it explained to you? Did you feel pressured into taking PPI? If yes to any of these you must seek help in reclaiming your PPI as soon as possible.
You may have paid a lump sum on top of your loan or be paying it monthly. Either way it’s your good money which has been taken and you could be owed thousands so it’s important for you to start to reclaim PPI today.
You can attempt to reclaim PPI yourself but may prove difficult as the lenders will fight against the claim. It may be worth your while seeking help to reclaim PPI and you will not have the pain in dealing with any of the banks or lenders leaving it all to someone else.
If you think you could be owed money then Canary claims can help you get back your money with interest.