If you have read the press or watched the news lately you will undoubtedly be aware of the numbers of people looking to reclaim PPI costs. You may even have the right to do so yourself, but to find out if you do there are some things you need to know.

The first vital piece of information you need to know is whether or not you have any PPI policies that may be relevant. PPI, or payment protection insurance, is an area of insurance that covers loans and mortgages – and credit cards, too – and is designed to ensure that should you find yourself out of work for a specified reason you will have an insurance policy that keeps up the repayments for a set period of time. The problems arose because there are many different specific types of policy – some cover redundancy, for instance, while others don’t – and also because of the manner in which the policies had been sold in the first place.

If you have recently taken out a loan, obtained a mortgage or taken on a new credit card the chances are you will be paying a monthly fee into an insurance policy – this is your PPI payment. Now, how do you find out if you are entitled to reclaim PPI charges? To find out more about trying to reclaim PPI, simply fill out the 2 minute form or call us on 0800 840 72 91 and speak to a member of our team.

The first thing you need to do when making PPI Claims is find all of the paperwork that is relevant to the policy. If you took out a loan, say, and the lender insisted that you needed to take out their branded PPI policy, then you have been mis-sold that policy as this was never the case. It has always been the borrowers’ choice where he or she took her cover from, yet in a recent investigation many lenders were found to have led borrowers to believe they would not get the loan unless they took out their own policy, usually more expensive than one that can be found by shopping around. If this has happened to you, you may be entitled to reclaim PPI charges relating to that policy.

In other cases it was found that some policies were sold with the buyer believing they were covered in circumstances they later found out were not applicable; some people were made redundant, for instance, yet found the policy only covered them for accident and illness and was thus not relevant when they found themselves out of work.

Enlisting the help of a professional to investigate your case will enable you to find out if you are entitled to reclaim PPI charges, and you may find that in the circumstances you are entitled to reimbursement that could amount to a considerable amount. In instances of mis-selling you are entitled to claim back what you are owed. To start to reclaim PPI today, simply fill out the quick and easy form or give us a call on FreePhone 0800 840 72 91 and speak to one of our friendly advisors.