The Banks & Building societies of the UK are suspected to have mis sold PPI to over 20million people in the UK in the last decade – but what is PPI, why is it mis sold and most importantly, how can you claim it back? PPI is sold as insurance when you take out a loan, If you lose your job or have to take time off work because of sickness – recovering from a car accident for example – and are unable to make repayments on the loan then the policy kicks in and your payments are covered. The banks have mis sold these policies to people who didn’t need them, for example people who had existing cover, people who didn’t need PPI (retired people) or people for who the policy didn’t cover because of exclusion clauses – a typical example would be a self employed person. If a bank sold a policy to someone in this situation then they have mis sold the policy, and the customer can claim it back.
Articles tagged with: legal
Written By: Leon Mooney on August 17, 2010
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Written By: Rodney Daniel Bolton on August 17, 2010
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If you are looking for life insurance quotes then the best place to do this would be to look online. The Internet has certainly made all sorts of different processes far more easily, and this is certainly true of gathering insurance quotes. If you are looking to gather these quotes over the Internet, consider these tips.
Written By: Joey Brenna on August 14, 2010
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Administration forecasters declare record high conditions throughout the Atlantic Ocean will certainly preserve this unique storm season on course to end up as the most frantic since 2005. That will certainly generate major numbers of hurricane claims.
