ThePPIClaims

Circumstances that lead to Mis Sold PPI Claims!

For those who are living in United Kingdom might be aware of the controversy buzzing around Payment Protection Insurance. One of the biggest worries today is to start taking measures that could help in covering debts associated with mis sold policy.  Besides being uninformed about any such cover, there are many people who are not even aware that they have been paying for the policy that neither meet their requirements nor they need it in the first place.  People who have filed for MIS Sold PPI Claims failed to get compensated amount because of several reasons. 

Through this article you will get an insight into the dirty game that lenders and banks play at the time of selling the policy and different ways in which you could have been sold this policy.

First, it is important for you to know that the policy is not meant for self-employed citizens, unemployed people, retired individuals and part-time employed people. So, if you have been sold the policy under any of these circumstances then you are entitled to get compensation. 

Second, this is something that majority of the people might have experienced at the time of facing financial adversity. If you have a joint policy under your name then it is you who can claim for it. However if bank or lenders says that both the policy holders will insured then you are the victim of the biggest scandal that hit the United Kingdom and you can apply for MIS Sold PPI  Claims.

Third, if you have taken out a long term then there is very possibility that PPI policy might have been adjusted to it. Often it so happens that the loan you have taken out outlasts the policy.  Therefore, if your lender or bank has not explained this then you are very much eligible to file for Payment Protection Insurance Claims.

Fourth, you end up succumbing to the 10 percent off on shopping in a local city mall. This offer seems to be so attractive that you do not even think of reading the declaration form properly. Result being you end up signing on a store card that makes you entitled to pay for the policy every month, no matter you need it or not.

Fifth, there have been cases where people are already insured for some kind if income protection through some other policies. If your lender has not asked you about this or you were sold the PPI policy irrespective of the fact that lender is aware about your already insurance cover then you are the victim of mis sold policy. Consequently, you end up paying for two policies at the same time. You can claim for any of these two policies making other a waste of money.

Not every MIS Sold PPI Claims see the light of the day. It is only one out of four reclaim applications are released. Seeking professional guidance in circumstances like this is the best thing you can do and get your money back.

For More Information:- http://www.theppiclaims.com/mis-sold-ppi