How to go about Claiming Back Payment Protection on Loans

Re-Publish this Article

<h1>How to go about Claiming Back Payment Protection on Loans</h1><strong> Author: <a href='http://www.articleseen.com/profile_Gareth Hoyle.aspx'>Gareth Hoyle</a></strong><br /><p>If you are one of the millions of people in the UK that have taken out a loan, it is likely that you are unaware that you have been paying payment protection insurance for the duration of your loan period. Payment protection insurance is usually included as standard on a loan and basically covers you, should you become unemployed or injured. Most payment protection claims are however unsuccessful, and this is where you might want to look into claiming back payment protection on loans. Mis-sold Payment Protection Insurance If you have been mis-sold payment protection insurance you are in a very good position when it comes to claiming it back. In fact almost all people who look into claiming back payment protection on loans do so for this reason. Banks in particular are the main culprits when it comes to selling this insurance to people who don’t need it – for example those over 65, those who are retired and those who work as civil servants. These people either have no income or employment to lose or their work contracts cover any sick pay. How to Claim Payment Protection Insurance Back The first step in claiming back payment protection on loans is to write to your bank and request a refund. In almost all cases they will say no, and this is when you should speak to the Financial Ombudsman Service and send your bank a second letter. After doing this you can pursue legal action and the costs will be covered by the Financial Ombudsman. If all of this sounds a bit scary, don’t worry as there are a number of companies who specialise in retrieving payment protection insurance that can help you. Payment Protection Insurance Claims Companies A payment protection insurance claims company know how to deal with the banks and their long-winded letters that refuse to repay your insurance. Usually a bank will keep sending these letters to individuals as they believe that not many people know their rights. On the other hand, a claims company understands the law completely and in this case is in a good position to help you go about claiming back payment protection on loans.</p><strong>About the Author:</strong><br />If you need help <a rel="nofollow" href="http://www.gladstonebrookes.co.uk/ppi">claiming back payment protection on loans</a>, contact Gladstone Brookes who will be happy to assist you through the process.<p> Article Source: <a href='http://www.articleseen.com/Article_How-to-go-about-Claiming-Back-Payment-Protection-on-Loans_104728.aspx'> http://www.articleseen.com/Article_How to go about Claiming Back Payment Protection on Loans_104728.aspx</a></p>

Article Source : http://www.articleseen.com/Article_How to go about Claiming Back Payment Protection on Loans_104728.aspx

Keywords : ppi claim forms, mis sold ppi, ppi claims, how to claim back ppi, claim ppi,

Category : Business : Business