Payment Protection Insurance is a type of insurance that many people still do not understand. Also known as PPI, this form of insurance can be great for those that find themselves in a situation that they are unable to make their loan payments. Most loans on homes, cars and credit cards offer this type of insurance. The problem is that many people who were sold this insurance were ineligible to claim, due to pre-existing medical conditions and other exclusions. In these cases, people may find that they are able to claim money back in the form of a refund plus interest.
In general, claiming back your money on a mis-sold Payment Protection Insurance policy can be an easy thing to do if you are eligible, and aware of the existence of the policy. If you think you may have been mis-sold PPI, make sure that you know your rights when it comes to claiming a refund – one way to do this is to enlist the help of a firm of experts like Brunel Franklin.
Sally Bowyer, Managing Director of regulated financial claims specialist BrunelFranklin.com says that many people were mis-sold policies unknowingly. “Many people finally realise they have PPI only when it is pointed out by a friend, colleague, family member or financial adviser. The good news is that once you are aware you have been sold PPI, you may have grounds for a refund against a mis-sale, if you were unaware of the terms and conditions or the true cost, at the time of sale. There are many other circumstances that may constitute a mis-sale, which is why it is advisable to consult the experts.”
Learn more about PPI refunds and find out if you could apply for a refund today! Visit the website www.brunelfranklin.com or call Brunel Franklin, free, on 0800 051 54 51
