Don’t Miss Out On Claiming PPI Refunds
Millions of consumers in the UK could be entitled to start claiming PPI premium rebates after being mis-sold their policies. If you could be one of them then you shouldn’t miss out. Find out here what PPI is, and how you can start claiming PPI rebates.
PPI is short for Payment Protection Insurance. This is an insurance policy taken alongside a credit agreement or loan that covers customers if they are injured, sick, or otherwise unable to earn a wage to continue repayments. Some brokers were claiming PPI was essential to a borrower’s peace of mind. Many people, however, should not have been sold the policy and are now claiming PPI rebates.
Why Are People Claiming PPI Refunds?
If a customer has been mis-sold PPI, then they are claiming PPI rebates because they have been paying for a service that they didn’t need, or in many cases, couldn’t use. If, for instance, a customer has taken out a loan, many sellers will have added the PPI premium onto the total amount of the loan, meaning the consumer pays interest on the premium, as well as on the loan. This can lead to repayment problems by adding significantly to the total amount borrowed. Claiming PPI refunds returns this money to the consumer, with a considerable benefit to their financial situation.
Who Is Claiming PPI Rebates?
Any customer who can prove that they have been mis-sold PPI can start claiming PPI refunds. Common instances might include customers who were unemployed, self-employed, or retired at the time they were sold the policy. Other examples that may result in customers claiming PPI rebates include where customers weren’t a cooling-off period, or weren’t asked if they wanted an opt-out clause. In any of these situations, the likely result is that the consumer will entitled to start claiming PPI refunds.
How Are Millions Claiming PPI Rebates?
To start claiming PPI refunds, a qualifying consumer should speak to a PPI claims solicitor. Many solicitors take no fee if no money is reclaimed, so there is no risk to the customer. Apply today to check whether you are entitled to begin claiming PPI rebates.
