The majority of the banks and lenders have forced their customers to get a payment protection insurance policy or ppi policy along with your loan, mortgage, credit card or store card. Some financial firms insisted that unless you get the insurance policy, your loan application is not going to get approved. If you are also one of those hundreds of victims who are fooled by misleading lenders or insurance providers in forcefully purchasing the ppi plan, start your ppi claims to get back the money you have paid on this product.
Payment protection insurance or ppi comes useful when a buyer suddenly finds himself, unable to make the monthly repayment amount towards his or her mortgage or loan. This may be due to sudden illness, disability or loss of unemployment due to no fault of the policyholder. Then, this policy provides financial coverage toward the mortgage repayments for 12 to 24 months. The coverage supplied by the policy depends on the premium amounts paid along with other terms and conditions. However, many dishonest banks and lenders, furthermore insurance providers mislead the buyers into buying this policy. Some are instructed that to acquire their loan application approved, purchasing this policy in required. Some are told that paying the amount for this policy is an element of their loan repayment. The worst case happens, when in spite of being ineligible for the plan, a borrower is forced to purchase one. In the last case, if the policyholder happens to lose his or her job or become sick and is not able to repay the mortgage, the insurance provider turns down to provide financial coverage on the ground that he or she isn't eligible to have the benefits. In these cases, a policyholder could make ppi claims on mis-sold payment protection insurance and have back the cash they have paid towards the insurance policy.
Author Resource:
Harry Tomas blogs about PPI claims and other financial products for United Kingdom based business www.PPIClaimsUK.co.uk . He also covers unfair loan charges and the financial claims niche generally, as well as writing pieces on personal finance, house sales, repossession and business finance.
![[Valid RSS feed]](http://www.look4articles.com/images/icon_Rss.png "XML Feed For RSS"){kind=icon}
Category Rss Feed
Print This Article
Add To Favorites
![[Valid RSS feed]](http://www.look4articles.com/images/rss.jpg "XML Feed For RSS")