Many a times people fall prey to mis-sold PPI and they are really not aware that they actually hold this particular policy product until they go to claim PPI . Claiming mis-sold PPI may be a tough job and many a times such claims are not met but proper claim to such mis-sold PPI through proper channel may result in the favour of the customer or the borrower. This Payment Protection Insurance is to cover the debts or repayments in the event of one’s accident, death or illness or any other critical situation that unable an individual to repay the debts. But it is witnessed increasingly that people are mis-sold such policies in the form of a cover to the credit products or in the form of protection plan to the bank loans they once had taken out.
Claiming of such mis-sold PPI for free may be done and reclaiming such mis-sold PPI products may be a quick and easy process. One just has to check their eligibility against the PPI check list. Then one has to select the company who sold PPI to them which may be a credit card company or any bank from where one has drawn a loan. If the provider is not available in the drop down menu then one can chose the “other” option and proceed further. Next, one has to fill in the contact details in the page that follows and answer some of the questions about how PPI was mis-sold. After all this, a complaint letter will be generated which will be sent to the provider via email or send via post.
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