What Is PPI

PPI Could Be A Big Help If It Was Not Mis Sold

Continuing, increasing, frustrating, these words can describe ppi complaints at the moment.

But despite of all the negative issues that ppi is facing, still 3 out of 10 of those who have been 

trying to cancel their payment protection insurance or who have already canceled it are still 

looking forward to buy a new ppi as a replacement. Do this mean that the said insurance policy 

still have the chance to obtain a positive review?

However, ppi was not intentionally created to ruin the lives of the borrowers financially, for as a 

matter of fact it was designed to help the borrowers to pay for their financial debt in the 

moment that the borrower is suffering an illness or the borrower is involve in an accident which 

led to his/her incapability to work that resulted to his/her loss of earnings. But because of the 

lenders and their staffs’ faulty actions towards selling payment protection insurance that led to 

a lot of mis sold ppi victims is the main reason why the good intention of this insurance policy is 

not seen for it was already covered of trucks of negative issues.

Furthermore, a lot of ppi complaints were forwarded to the Financial Ombudsman Service. In 

fact 50% of their workload was occupied by this. But if the claimant is not satisfied on the 

FOS’s work then he/she can always seek a highly credible ppi claims experts, for these l

lawyers are highly capable of winning the claimant’s compensation and the nice thing of this is 

that they are offering their services free of charge.

The “IF’s” OF How To Know A Victim Of PPI Mis Selling

If you want to know the signs of being a victim of mis sold ppi then here are its details. If you were not employed or self employed when they sold it to you. If your lender did not advice you that they have already inserted payment protection insurance on your loan. If the broker told you that you must buy payment protection insurance policy first in order to have a greater chance for the approval of your loan. If the lender or broker did not inform you that the said insurance policy could run out even if you were still paying for your loan, if you were not asked about your medical history or past illnesses. If you were not told that you can buy payment protection insurance from any providers of it. If you have already bought an insurance policy which has the same benefits as ppi, and if you do not need an insurance policy like payment protection insurance to cover for your debts, for you can afford to pay it using your own personal savings.