There have been many miss sold PPI claims although despite clear rules that all the finance companies and advisers have to follow when selling their Payment Protection Insurance. The financial services authority have found that millions of PPI policies over the past 10 year have been miss sold to the customers very wrongly. So therefore they have launched a crackdown. The crackdown has seen many miss sold PP from the main high street names.

Most sold PPI claims are sold without all the important information explained to the consumers or even been aware that PPI is an optional extra. Also many consumers were even sold PPI policies even though they weren’t even entitled to make a claim. The bad thing abut PPI isn’t bout the product it is about the way it has been sold. The product is to help borrows meet their outstanding payments they must pay in the event of unemployment.

Why should you make a claim?

If PPI was sold to you when you were retired, unemployed or self employed then you should claim in all back because it was worthless to you. You didn’t need it, but you have been paying for it.

When you applied for your loan you may have been told to that you must take out a PPI policy to qualify for the loan or other finance. You should have been told that PPI can be free to purchase from any other supplier.

If you have already had a PPI policy and wasn’t asked the question then you may have already been cover for by the existing policy.

You purchases PPI from other suppliers, you may not have been told that.

If you weren’t told about all the circumstances in which you cannot Claim Back PPI

If you thought that the only way to pay for the PPI was in a sum of money. You should have been told that you could pay for it monthly

If you felt that you they haven’t explain the terms and conditions of the PPI policy clearly and correctly.

If you felt under pressure to purchase the payment protection insurance from the supplier.