1. Getting the appropriate paperwork is the first
step to considering and then possibly filing a
PPI refund claim. If you do not have the
relevant loan agreement and the terms applying
to it at hand, you can get this information by
contacting your lender, though be sure that the
terms you get are terms that were current as of
the time you took out the loan. One reason for
reclaiming a PPI is if you were told that a PPI
policy is compulsory: in truth it is not.
www.drppiclaims.co.uk
2. Examples of PPI Policy Problems You may also have been paying for a
PPI in a situation where you were not told of the existence of that policy
You www.drppiclaims.co.uk may have not been informed of the
exclusions and price relevant to the policy in question There may also
have been irregularities if you were unemployed, self-employed or retired
at the time of taking out the loan and the attached PPI policy
3. You should also have been informed that the policy may not cover
certain pre-existing medical conditions If your lender has been fined for
systemic PPI problems, this also raises the likelihood that your own loans
have PPI problems as well These problems may legally warrant a PPI
refund
4. The Process of Making a PPI Claim You will also want to write to your
lender and ask for a PPI refund regarding the PPI in question If you are
rejected by your lender, you can still write to an ombudsman at the
Financial Ombudsman Service as well You can also contact the
ombudsman online or by giving them a call
5. There is not a penalty for losing a case, though the process can take
some time, so this is often worth a try You can also go to the
Ombudsman's Service Review Team if you are having a problem with the
ombudsman Other organisations that might be able to help you include
the Association of British Insurers, the Finance & Leasing Association
and the Financial Services Compensation Scheme
6. More Concerning the PPI Claims Process Using a claims handler is also
a possibility Another way to do this is to take the claim to court yourself
using a lawyer
7. Sometimes a legal letter can yield a settlement in your favour Doing
your own research on what to do is a fine idea
8. You may be able to reclaim PPI monies on car insurance, home
insurance, personal loan policies, mortgage policies and credit card
policies, among other types of loans and their associated PPI policies
Credit card and store card PPI problems have been a common concern
9. Mis-selling may also have occurred if you signed up for a loan online
using pre-ticked boxes with a PPI opt out option instead of the proper opt
in option before July of 2007 or if the PPI was misrepresented to you be a
salesperson Both of these situations sometimes used to happen
systemically
