Understanding Mis Sold PPI

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<h1>Understanding Mis Sold PPI</h1><strong> Author: <a href='http://www.articleseen.com/profile_Gareth hoyles.aspx'>Gareth hoyles</a></strong><br /><p>You’re probably wondering what PPI is and how it could have been mis-sold to you. PPI is the payment protection insurance that you were probably offered when you took out a new loan, mortgage or credit card within the past ten years. Mis-sold PPI is that there are so many flaws and exclusions, that you may not have needed this protection in the first place. All about PPI Your mortgage lender or Credit Card Company may have suggested PPI to protect you should you be unable to pay for the loan. This is the common reason PPI is offered throughout the UK. What the company doesn’t tell you is that this protection often doesn’t cover the entire amount, if you have a medical condition you may be excluded and pensioners, self-employed and students are exempt from the plan. When you signed for your mortgage, PPI may have been automatically added without your knowledge or you may have been told that in order to get the mortgage you had to take the PPI cover because of your work. Most of the time the costs aren’t explained properly and it never covered the full loan amount in the first place. This was a common problem with the mis sold PPI and that is why you can now claim back all the additional money you have spent over the past few years on PPI. Why and How to Get Your Money Back If you think back to how long you’ve had your credit card or mortgage and how much you have spent in hard earned cash on mis sold PPI, that amount may be a small fortune which you can use for something else. On average forty per cent of your monthly payments go towards PPI, which you will never use. You can lower your monthly premium by doing away with this protection and get a lump sum back in the back on the money you’ve already paid across. Your loan documentation will advise whether you are currently paying for this plan and your credit card statement should also reflect it, so you can easily determine if you are paying for something that you don’t need to.</p><strong>About the Author:</strong><br /><strong><a rel="nofollow" href="http://www.gladstonebrookes.co.uk/">Mis sold PPI</a></strong> have been a very common problem in the UK for the past ten years, save yourself a fortune and get your hard earned money back today.<p> Article Source: <a href='http://www.articleseen.com/Article_Understanding-Mis-Sold-PPI_108757.aspx'> http://www.articleseen.com/Article_Understanding Mis Sold PPI_108757.aspx</a></p>

Article Source : http://www.articleseen.com/Article_Understanding Mis Sold PPI_108757.aspx

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

Category : Business : Business