Tsue ~ That's What She Said: Mom's Money: Find Out If You Are Due A PPI Refund

Sunday, September 9, 2012

Mom's Money: Find Out If You Are Due A PPI Refund

No doubt you will have seen the advertisements or received mailings and phone calls advising that you may be due money from your PPI (Payment Protection Insurance) and should and should file a claim right away.  The simple truth of the matter is that may actually be the case.  Under certain circumstances, you may be eligible for claiming back was is rightfully yours.

While payment protection insurance and mis-sold claims have recently been a hot topic of discussion, many policy holders are unclear as to what PPI is and how they may be impacted by current events.  However, when the matter at hand is your family's money, there is no time like the present to learn about PPI and how it may impact you.

Family Budget, Calculator, Managing Money, Women & Money

What is PPI?
Payment protection insurance is an insurance product taken out when you apply for a loan or credit card.  It is intended to protect the repayments so they continue to be made in the event of you losing your job uddenly or falling ill and being unable to work.  Payment protection insurance can work in two ways. It can be added as a lump sum at the time you take a loan out or added onto the expected monthly repayments.

How do I know if I can claim?
The courts and financial ombudsman have found that thousands of consumers were mis-sold their PPI and could be entitled to a refund.  You may have been mis-sold your PPI if you did not request it, did not know that it was being added to your loan, or if its terms were not fully explained to you at the time you took it out our loan.

What do I do next?
If you think you may have been mis-sold PPI you need to compile any information you have on the debt, however little, and get in touch with a PPI company to help you review and prove your case. They will be able to advise you on the next steps that need to be taken.

Raising a family is expensive enough without paying more on your loans or credit cards than you should be. If you believe your payment protection insurance was mis-sold you can claim back the money that you should not have had to pay in the first place. This will most definitely come in handy with Christmas fast approaching or could be used for paying off any outstanding payments on other unsecured debts.

A reputable PPI reclaiming company understands the way banks deal with PPI claims.  They will prove your case for you, saving you time and confusion. With a no win, no fee approach you can be confident that you will not end up with out of pocket expenses and you can rest assured you have experts on your side performing the necessary legwork.

From this perspective and with resources to support your efforts there is every reason to reclaim your mis-sold PPI and no reason not to explore your options.  Contact a claims management company to begin your claim today.

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9 comments :

Pam said...

I would love to find I have a refund of any kind coming. Will have to check into this.

Topher said...

There are lots of PPI claims companies out there to help you, the one I used was super friendly:

http://theppiteam.com

Heather Smith said...

thanks for the info - I don't think we have any PPI but I'll look into it!

Crystal Threeprncs said...

Never heard of PPI, so I assume we don't have it. Worth looking into. Thanks.

Turning the Clock Back said...

I have never heard of this! I will have to investigate...could certainly us the money back if I am due one!

Grace Hodgin said...

Very informative article. Thanks so much for sharing and I'll check into this.

Daisy TrendyMomReviews said...

Wow, I never heard of this! Interesting!

Samantha said...

um, i will take a refund at any time :)

jill24295 said...

My husband had this type of insurance added to a private loan years ago and we thought we had no recourse. Time to do some paperwork, since we asked why it was attached to the loan and was told it was just policy. Thanks for the info.

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