1. To deal with the mis-sold PPI policies banks in the
UK have paid out more than £9 billion as
compensation to customers who requested a
repayment of their money.
ppi claims
2. Here is all you need to know about how to claim a PPI refund It is always
recommended that you make the claim yourself rather than go to a PPI claim
agent, because it if free I have a PPI, do I qualify for a refund?
Although a large number of PPI policies were mis-sold, not all of them were It
is recommended that you check the policy sold to you and see if it was what
you needed at the time of purchase
3. There were a lot of major ways in which policies had been mis-sold If any
of the following questions are a ‘no’ for you then you might have been
mis-sold: ppi claims (1)If the policy was optional while you took the loan,
credit card or other such cases, were you informed of it? (2)There are certain
things that the policy doesn’t cover Did you insurance adviser inform you
of such important exclusions like there won’t be any coverage for
pre-existing medical conditions I have already sent in my claim
4. What is the process now? If you have made a written complaint to the party
who sold you the PPI, they are bound to respond within 5 days of receipt of the
complaint and 2 months to resolve the matter and bring it to its conclusion If
they fail to do so, you have an option to take your case to the Financial
Ombudsman Service (FOS) within six months My PPI is way past its
expiry Can I still claim for compensation? Yes, you can
5. If you are sure that it is a case of mis-selling I got a successful claim on
my PPI Can I still claim? Yes, you may Even though you might have
made a successful claim, you may have been a victim of mis-selling when you
got the policy
6. I made my original complaint to the Ombudsman and not to the insurance
seller Will the court’s judgment be affected by this? Although the
outcome of your case will not be affected, it might take a longer time to get
resolved since the ombudsman is usually swamped with PPI complaints But if
you are in a severe financial strain, you may request the FOS to take a look at
your complaint on an urgent basis
7. You can find out more about -http://www ppimadesimple com/ You can
find out more about - ,
