If you were mis-sold PPI or felt pressured into purchasing unnecessary PPI coverage, you may be eligible to reclaim PPI payments. Some reasons you could be eligible include if you were unemployed, self-employed, retired or had a pre-existing medical condition when the PPI policy was purchased. You may also be eligible if the terms of the PPI coverage were shorter than your loan or certain exclusions were not properly disclosed. It is up to the lender to prove the PPI sale was explained and approved properly; if they cannot prove this, there is a good chance a PPI reclaim claim will be successful.

2. Am I Eligible to
Reclaim PPI?
If you were sold PPI without being told it was an optional
extra, were pushed by aggressive sales tactics or were flat
out lied to, then you have a legitimate claim. You may have
even been sold a policy that you were actually completely
ineligible to activate should something bad happen to you
and you could not continue the payments.
If one or more of these statements applies to your
circumstances, then there is a strong possibility that you are
owed a PPI refund:
• If you were unemployed, self-employed or retired when
you took out a PPI policy that included unemployment cover
• If you already had a medical condition at the time of
taking out the policy that could have prevented you from
working at some point in the future
• If you were older than the upper age limit for your
policy
• If the term of your PPI cover was shorter than the term
of your loan and it wasn’t explained to you that you wouldn’t
be protected towards the end of your loan term
• If you weren’t told about the exclusions, or
circumstances in which you couldn’t claim. For example

3. many policies may not have paid out if you were off work
with stress or back problems
• If the total cost of adding PPI to the loan wasn’t clearly
explained to you or if the quote you were given for the cost
of the loan automatically had PPI added
• If you were told PPI was compulsory
• If you were told that you had to get your PPI cover from
the same provider as the loan or credit card
• If you felt that you were being pressured into taking the
cover and unable to say no
• If you weren’t told how to go about cancelling your
policy
• If you already had cover in place that could have
protected your repayments but weren’t asked about this or
were told that you needed separate cover
• If you’ve checked and found that you are paying for PPI
cover that you didn’t realise you had then it may be the case
that it was added without your consent or that there was an
opt-out box which wasn’t made obvious to you
The most important thing to remember is that: it’s up to the
lender to prove that the process was explained and carried
out properly.
If they can’t do that then there’s a good chance your claim
will be successful.

4. For More Information visit:
http://www.ppirefund.co.uk/