The majority of people who have a PPI policy are never even aware of how to use the cover, which when combined with the overpriced rates makes it a very bad idea. The overall solution to this is to seek out ways to get a PPI refund based simply on the conduct of the lender. Many consumers find that they have been mis-sold a policy which makes them an ideal candidate for a refund and allows the perfect way to reclaim the money.

One quick way to determine your eligibility to receive a PPI refund is to consider your job. Most of the time, with very few exceptions someone who is presently unemployed, self-employed or even retired is barred from using the cover for any reason. Because of this, someone who is barred from using the cover would be considered a mis-sell if they were sold the cover. In this situation requesting a PPI refund by filing a claim is a highly suitable process and will generally provide the money that was paid in for PPI claims very quickly. If you think you’ve been mis sold PPI or would like to find out if you have been, you can call our specialist team on 0800 840 7292 to learn more and get your claim started.

Additionally, if you have been told that the policy only required a single payment to purchase, you would also be entitled to a refund. While this does not happy as frequently, there are still times when it does occur, which can happen when obtaining a loan particularly. This is not quite as common in the situation of credit cards. Because the cover actually requires a monthly payment, this is consider a mis-sell and permits the consumer to obtain a Mis sold PPI refund for all of the premiums that have been paid in.

Other common reasons why a PPI refund is permitted is because the consumers was not even aware of the cover. If this occurs, the PPI policy was simply included in the loan and the consumer was never asked or informed if they would like the cover. This is a huge problem for several reasons, including the fact that it would prevent the lender from inquiring about the employment status which is critical for several reasons, particularly since it can play a huge role in determining eligibility of the policy to be paid out. To get your mis-sold PPI compensation claim started, give our team a call now on 0800 840 7292 or fill out the quick and easy form and we’ll get back to you pronto.