Approximately 2.5 million people were led to believe they needed Payment Protection Insurance when they actually were in ineligible. Therefore, billions of dollars are due to be refunded, from the banks and credit companies, that sold the insurance, allegedly by mistake, to those millions of clients. These clients were people who had taken out loans, credit cards and mortgages from these lenders over approximately a 10 year period. Payment Protection Insurance (PPI) is designed to make payments on the loan when the borrower is unable to, due to sickness, unemployment, death or serious injury.
Many of the people who were charged for the PPI insurance either had no knowledge of the charges, or were falsely led to believe that it was necessary in order to receive the loan approval. The courts have decided that these millions of people are entitled to a refund, from the banks and loan companies, and now they must apply for the refund in order to get their money back.
This site offers a ppi claim form if you need one. Plus, if you’ve made a mistake on the paperwork, or the filing of the paperwork, sometimes it is much harder to correct the mistake than it would’ve been to hire professionals to do the job right in the first place. There are many attorneys that are experts in PPI claim form compensation filings that work on a contingency basis, in other words if you win they win. Most of these attorneys will give you a free consultation where they can ask you questions to find out whether or not you’re actually due a refund, and how much it would be.
As you can see, there is quite a bit of money that you may be entitled to in your refund, and it wouldn’t cost you anything to consult with a qualified PPI claim form compensation attorney and find out all the facts at your free consultation.