Payment Protection Insurance: Could you be entitled to make a claim?

Have you applied for a loan, credit card, mortgage or even a store card at any point within the last ten years? If the answer is yes, then there is a good chance you were offered payment protection insurance alongside the application. If you took up such a policy, can you remember how much you were told about it and to what extent your individual circumstances (employment and health) were discussed? Thousands and thousands of people are beginning to realise that policies such as these may have been handed out with a reckless abandon that did not take into consideration the importance of individual circumstances. The logic behind loan insurance is undeniable.......for the right candidate. If you have any concerns regarding the stability of your employment, such protection could be seen as a prudent investment. We exist in financially uncertain times and therefore many people will see such an investment as a necessity when entering into a repayment agreement of any kind. However, should you be lucky enough to have no doubts about your employment or your health, payment protection insurance could probably be described as a service you could live without. This has not stopped a great many policies being mis-sold to people who did not really require them over the last ten years. In this regard, The PPI Claim Company (Belmont Thornton) can help.

At the PPI Claim Company (Belmont Thornton) the fundamental aim is to make the process of claiming back bank charges as simple as possible using their substantial knowledge of PPI and how it works. There are a multitude of reasons why you may have grounds to believe you were mis-sold a PPI policy. For example, did you perhaps have a pre existing medical condition when you were sold the policy? Or did the lender simply fail to explain the full terms and conditions (including cost) to you when you took out the initial policy? Reasons such as this may give you cause to apply for payment protection refunds and means that a call to the PPI Claim Company could prove very useful. The PPI Claim Company offer a No Win No Fee (*see our terms of engagement on our website) service with no upfront costs, as well as a vast amount of experience dealing with PPI policies that have been mis-sold. The PPI Claim Company can help those who feel they may have been mis-sold the policy and do not know where to turn next.

The process of claiming back bank charges and applying for payment protection refunds are areas in which the PPI Claim Company can offer positive and cogent advice. The issue of payment protection insurance can mean different things to different people. The key point of whether it can be of benefit to you is really based on your own personal circumstances. If you are in employment and have just applied for a sizeable mortgage, PPI can be a sensible way to protect yourself against changes in your situation such as ill health impacting on your ability to earn. However, if you are unemployed or in full time education, PPI is essentially irrelevant for you as you do not have to worry about covering yourself for loss of earnings. Due to the increasing amount of cases where PPI has been potentially mis-sold, it is clear that key differences in circumstances such as these were not being considered fully. People appear to have been purchasing policies without a clear grasp of how they worked and how much they needed them.

The key to deciding what step to take next involves firstly identifying whether you have sufficient grounds to make a claim. The PPI Claim Company can help you to figure out where you stand with your claim before taking the next step. Remember there are no upfront costs and all claims are handles on a No Win No Fee basis (*see our terms of engagement on our website). It is also important to keep in mind that there are no limits to the amount of ppi claims that one person can make. That means that if you have applied for numerous credit cards and store cards down the years, each one could potentially have had a different PPI policy attached to it every time.

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