PPI Claims and How to Know If You Were Mis Sold

When you applied for PPI or payment protection insurance, you were probably told that it would help protect you from the possibility of getting into a debt you can’t pay by paying it for you up until you get a new job, recover from your sickness or be able to have payment security at least until 12 months. This covers for you within 5 years per single premium and its must be that you are not within the exclusions or you know when your PPI expires that you can receive the benefits of PPI. The reason why people file a PPI claims for compensation because they were unable to get the benefits instead be in hardship that shouldn’t have happened in the first place.
A concrete example of how you can get a mis sold PPI is usually how they have been sold. If you have been sold a PPI because you were told it was compulsory, then you have been mis sold a PPI because payment protection insurance is never mandatory but only optional. There are terms and conditions to follow that make PPI only optional and if one point of those terms and conditions has been violated by the insured, then he will not be able to receive the benefits. This is why you can make a PPI claim if this would happen.
Another example would be when you bought PPI because you thought that PPI would cover your whole loan. As stated earlier, PPI only covers you within five years per single premium and after that, even when you are still paying for the interest, you will no longer be able to get the benefits of PPI when it happens. This is also a clear case for mis sold PPI and needs a PPI claim to compensate for the hardship it would deal or already dealt to you.
When filing your claim, you would have to prove that you have been mis sold PPI to be able to do so. PPI can be reclaimed compensation when there was misspelling involved and this can be made sure if you file your claim with a claims expert, such as PPI Claim Company UK. Most of the time, banks would deny this accusation and treating you like you would not be affected and as long as they get a sale is not something that you should allow. Claims experts can make sure of that because they handle claims on a daily basis. To reclaim your money now and file PPI claims visit www.ppiclaimco.org.