1. The first term and condition preferred by banks
and other financial institutions before lending a
sum to a borrower is that the repayment of
monthly or weekly installment should come to
them on time, otherwise this would result in a
penalty and more interest on the borrowings. A
much delay can also drag an individual to court.
ppi
2. However, filing a legal case on those individuals who are going through
the unemployment phase in the dark economic climate is not a good idea
Therefore the discovery of very much acceptable Payment Protection
Insurance took place, which is totally designed to protect a borrower's
monthly installment in case he/she goes out of cash due to a temporary
loss of job or critical illness
3. With this ongoing PPI trend, the mis-selling of this potential insurance
product is also noted, making a lot of people wonder that where that extra
amount of money is going with the monthly installments However, many
people who have come to know this illegal selling, are asking for their Mis
Sold Payment Protection Insurance Claims
4. In the recent developments, many financial institutions and banks are
fined for mis-selling their payment protection insurance along with their
loan products The mis selling of PPIs takes place with the mis guidance
of borrowers through the lenders
5. Here the lender willing to mis sell the insurance policy mostly lie to the
ppi borrowers by saying that the subscription of a payment protection
insurance is compulsory Further, the fund needy individuals mostly end
up availing the policy and losing their money, without knowing the fact
that they are very much empowered to make Mis Sold Payment
Protection Insurance Claims
6. In the recent past, many cases have been noted, where the loan seeker
is mis sold with PPIs There are many other methods to carry out the
same illegal practice, like a lender could deny a mortgage to a borrower if
he refuse to avail the payment protection insurance
7. After passing of the law, according to which a borrower who is wounded
by the mis selling of PPI is authorised to make Mis-Sold Payment
Protection Insurance Claims, many have complained that their respective
lenders have forcibly sold the payment protection insurance to them
They have quetched that their lenders behaved in a negative manner
while selling this policy to them along with their loan products
8. At present, when the mis selling is legally not allowed and the mis selling
PPI claims are the need of the hour, many can avail help from the legal
firms which are frequently taking up this job of getting their clients through
with as soon as possible and that too with less documentation and quick
processing The process of making claims is also becoming soft for the
claim seekers as there are many registered websites which are providing
this service and is assuring the claims on a quick note
