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What Are PPI Claims?

Posted On : Sep-18-2010 | seen (1510) times | Article Word Count : 368 |

If you have watched TV or read any media recently then you have probably seen adverts for companies offering PPI claims. These companies offer to help you get your money back on loans that you have paid unnecessarily - But it can't be that simple, can it?
If you have watched TV or read any media recently then you have probably seen adverts for companies offering PPI claims. These companies offer to help you get your money back on loans that you have paid unnecessarily - But it can't be that simple, can it?

The truth is that yes, in actual fact if you have taken out a loan within the last 6 years you can almost definitely claim back your PPI, in fact in some circumstances PPI claims can even go back 10 years.

Payment protection insurance (PPI) is added to loans to help protect you against being unable to make the payments. It was all sorts of banks and lenders that added this insurance onto loans and it was actually added onto some mortgages.

The reason that PPI claims are so successful is that in many cases the insurance was added on without the customer's knowledge. This meant that people all over were paying extra money each month on their loan payments for something that they didn't ask for, need or even know about.

There are companies that specialise in helping people with PPI claims. These companies have the right forms and letters to send to banks and lenders in order to make the process as quick as possible. This money is rightfully yours so you should look at making a claim as soon as possible, in some cases you can even claim back the interest you have lost out on with this money being in their pocket and not yours.

There is no real reason why you can't make one of these PPI claims on your own. However it can be a long and complicated process so you'll probably want as much help with this as possible. By using a professional company you can be sure that you don't miss anything out and someone takes care of the complicated stuff for you. That way you can sit back and relax, while someone else does the chasing to get back your money for you. Some of these even do this on a no win no fee basis, making it even more worthwhile for you to make a claim.

Article Source : http://www.articleseen.com/Article_What Are PPI Claims?_33593.aspx

Author Resource :
Have you been mis sold PPI ? Gladstone Brookes can help manage your ppi claims . Contact them today.

Keywords : claim, ppi claiming, payment, protection, insurance, claims, missold, mis sold, mis-sold, gladstone brookes, uk,

Category : Finance : Insurance

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