1. Many people wonder if a PPI claim will show up on a
credit report in the future, since it means that the
customer is backing out of an insurance agreement
and getting his or her money back. In UK, however,
it is illegal for a bank or other lender to hold this
against you because of the FSAÂ’s Treating
Customers Fairly bill. The Banking Code also
protects customers from any sort of retribution from
a lender, so you can go ahead with your PPI claim
worry-free. If you run into any problems, a PPI
claims company can help you out along the way and
explain everything to you in an easy to understand
manner.
www.drppiclaims.co.uk
2. When you go for a PPI claim, it is usually because an insurance company has
mis-sold you and, as a result, you are entitled to a refund This can occur when
you purchase insurance that you were not eligible for anyway or if the insurer
pressures you into making a purchase that you did not want in the first place
Pushing you into PPI is an unethical practice and you are owed this money
without anyone holding it against you Therefore, it does not have any effect on
your credit, as long as you file this claim in the right manner
3. When filing a claim, make sure that you contact a PPI claims company This is
because the claims company will ensure that you have a case against the
lender or insurer, making it easy to get www.drppiclaims.co.uk your money
back The claims company can also help you out if you feel as though you
have been treated unfairly by a financial institution as a result of this claim,
since all you are doing is reclaiming money that is rightfully yours
4. Over the years, over 2 million people in the UK have purchased insurance that
they cannot even use It is the responsibility of the insurer to ask you the right
questions and make sure that you are purchasing the right insurance If the
insurer fails to ask you the right questions and your insurance plan ends up
being useless, you are entitled to this money without it having a negative effect
on you
5. This happens more frequently than you might think, but the laws are in your
favour if you decide to get your money back from your insurance company or
lender In some cases, contacting a PPI claims company to get to the bottom
of your PPI could improve your credit rating, in a roundabout way If your PPI
was put onto your credit card, you might still be paying it off
6. If you have that money reimbursed onto your credit card, it will allow you to
pay your credit card off faster In the end, you have nothing to lose by
contacting a PPI claims expert to get to the bottom of your insurance problems
