Mis-sold Payment Protection Insurance has been in the news for years but how do you know if your PPI policy is mis-sold or not? If you have a credit card or have taken out a loan in the past decade, it’s likely that you have mis-sold Payment Protection Insurance (PPI). If you were not aware that part of your payments for your loan or credit card balance was for the PPI premium, there’s a possibility that PPI was mis-sold to you and that you are entitled to claim it back. It is also mis sold if the banks or financial institutions have made PPI a condition for loan or credit card approval.
If you have a mis-sold PPI, how do you process your claim? You can ask your creditor or credit card issuer but it will not be easy. The easier way is to take advantage of a free consultation offered by claims management companies. They usually have contact forms you can fill up after which they will contact you.
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