Getting a PPI refund

If you borrowed from credit facilities provided by UK lending institutions you may have purchased Payment Protection Insurance and there is also a chance that you were mis-sold the PPI policy in question. Many financial institutions have been heavily fined for this misrepresentation, while customers who were mis-sold a policy are now seeking a PPI refund.

Many of the people who have been refunded were misrepresented in the past five years but this does not mean that you do not have grounds for a refund if you were misrepresented before 2005. For those who are not aware of what constitutes mis-sold PPI, it comes in many forms and covers a wide range of credit facilities. It includes credit cards and secured and unsecured loans among others. Many people who have successfully made claims for refunds have had Payment Protection Insurances dating as far back as 2003.

Some institutions have had the audacity of adding more than a quarter of the value of the loan on the repayment value and burdening the borrower with more money to pay. The payment amount may become too high and therefore lead to the falling in payment by the borrower, which is not good news.

Source: http://articledirectoryland.com/getting-compensation-for-mis-sold-ppi/

Think you’ve been mis-sold PPI? Contact the experts.

For a person who thinks he or she has been mis-sold Payment Protection Insurance, it is worth contacting a financial claims specialist such as BrunelFranklin.com who can offer useful advice and guide you through the process of applying for a PPI refund.

Sally Bowyer, Managing Director of Brunel Franklin, stressed that vendors had a responsibility to ensure their products were appropriate for individual customers before completing the transaction. “Unfortunately, the mis-sale of PPI policies is by no means unusual. Customers may well wish to protect their loan repayments, but all too often they have been sold products that were completely unsuitable for their needs.”

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.