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Mis Sold PPI Online Guide

This article is written for public benefits. If you read this article, it will give you a clear idea about mis sold ppi.

If you are living in the UK you more than likely have heard about the mis-selling of payment protection insurance. What you may not know however is that recently lenders gave up on their high court battle and have instead decided to set aside provisions so consumers can claim back mis sold PPI. Many well established and world renowned lenders such as Lloyds, Barclays and RBS have set aside billions to repay consumers who have fallen victim of the mis-selling of this costly insurance.
If you were sold Payment Protection Insurance on a loan, Mortgage or Credit Card that you did not need, want or would benefit from you can reclaim these premiums plus interest and associated charges. Lenders mis sold Payment Protection Insurance so that they could reap the rewards of the multi billion pound revenue stream that it generated on an annual basis. Since the revelation of mis-selling hit the headlines millions has been reclaimed from these unscrupulous lenders who sold this insurance without proper regulation or compliance.
If you have had a loan, mortgage or credit card it is advisable to check if you were sold PPI alongside it. You may not have requested this insurance but in many cases it was simply added to the credit agreements without a clients consent. This is considered a high form of mis-selling and you will be able to reclaim the premiums made towards the policy if this has happened to you.
There are many ways in which you might have been mis sold PPI. If you can answer yes to any of the following you will be able to reclaim mis sold PPI.
Were you told it was compulsory when taking out credit?Were you self employed when sold PPI?Were the full details of the policy not explained to you?Were you told you have a better chance of securing the credit if you took PPI?Were details of your medical history not assessed?Were you pressurised into taking this insurance?Were you working part time or in a contract when sold PPI?
The majority of consumers can answer yes to one of the following areas of mis-selling. If you fall within one of these categories you are well within your rights to reclaim the premiums you paid towards the policy. Right now the average refund for mis sold PPI is 3Find Article,000 and this can be reclaimed for you on a no win no fee basis. Don't let your lender keep onto money which is right fully yours. Claim Back mis sold PPI now.

Source: Free Articles from ArticlesFactory.com

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