Personal loan protection (PLP) is the most expensive and common forms on PPI. This type of insurance can be sold with any type of loan, whether secured (tied to an asset, such as your property) or unsecured. Usually people will take out this type of insurance when payment for a big sum of money like a car or a new kitchen etc or it may be offered when you apply for a credit card. Although you may not even no that you have agree to have this insurance, you will just get it automatically and be paying the premiums if you like it or not.
Unfortunately the insurance can make a huge difference to the amount you owe! For one loan of £5000, the payment protection premiums totalled £1500 or full 25% of the entire loan. If you wasn’t even aware or didn’t know you ha the policy what so ever then it may be considered as a mis sold PPI and you ill be able to claim this back with our help.
How can I make a PPI reclaim.
Many people have been confused when dealing with Payment Protection Insurance and bank charges recently, Unsure whether they are entitled to make a claim for PPI refund. Our team work on a no win no fee basis which means the customer will on be charged if the claim is successful.
Most claims are worth £7000, so if you are interested in how much money you could get back then contact our team today and we can find out for you. Then we can help you through the process of your claim so there is no pressure on your behalf. So contact us today.
Payment protection refunds
Customers may want to make a refund on their PPI, if they felt like they were forced and pressured into taking out the PPI, and they were not fully aware of how much it will cost them, thinking it was included in the loan or received sick pay from work.
Also the customers apply for their loan was forced to opt-opt-out taking out PPI cover b just ticking the box on their loan application. If this maybe the case they are eligible to make a PPI refund. There are many reasons why people could be entitled to make a claim, but the time is running out, there will be time limit on how long after the loan was taken out.
So it is very important that you make the claim soon, if you are still unsure about it you are entitled them contact us today and we will help you Claim Back PPI.
