Friday - Oct 20, 2017

All You Need To Know About PPI Claims and PPI Claim Companies


All You Need To Know About PPI Claims and PPI Claim Companies

Have you ever received a letter congratulating you on having won a lottery that you never ever entered? Ever received an unknown phone call declaring you the winner of a grand prize? While you can easily spot some scams, others can come in disguise!

Most of us might take immense pride in smelling a rat in a mile yet swindlers have access to different kind of tricks. They make their actions appear as probable as possible. A recent survey shows that around three millions adults in UK fall prey to mass marketing scams each year. These are however official records and most people do not even report their cases.

With so many people falling victims to such a large number of scams every day, you need to be careful with your dealings in your day to day life. In this regard, a special mention goes to your financial dealings. When you take a loan or opt for a credit card or mortgage, studying the agreements, clauses and contracts over and over again are very important.

Most people are often heard asking ‘have I got PPI?’ PPI is known as Payment Protection Insurance and is sold out with your credit cards, financial agreements and other loans. These make sure that payments are made even if the borrower is unable to pay owing to any kind of sickness or unemployment. However, there are a large number of policy holders who have found that this insurance means no use to them since they would not be able to claim them as a person can be retired or self-employed. A large number of policies were mis-sold therefore.

Now the main problem crops up from the point where you find it difficult to figure whether a PPI has been attached to any of your financial agreements or contracts. It is like those scams that you know might exist but you can hardly find them out. The situation for an individual becomes really miserable at this point of time. Every year more and more people are finding themselves falling under this scam and thereafter they are seen spending a considerable amount of time on deciding whether their loan or agreement had come with a hidden PPI. The common conclusion to this is going through all your documents and paper work as many times as possible. However, for some this is not a solution since the insurance is often forcefully imposed on an individual with different other terms.

In such a situation of despair, you can approach a PPI claims company. With a little search over the internet, you will be able to easily find a company that will require only your name and previous residential information in order to find out whether you have a PPI with any of your existing loans. Yes, it is actually as simple as this. These companies have recently hit on a special deal with most of the main lenders and banks whereby an individual is only asked to provide his name and address to get his PPI information.

Therefore, save yourself from any kind of PPI scam by approaching the right PPI claims company today.