Author Archives: Guest Author

Will I Be Able To Get My PPI Payments Back?

Posted on September 1, 2010 by Guest Author

If you have taken out a mortgage, loan or credit, it is likely that your lender sold you payment protection insurance. PPI is designed to help customers repay debt should they find themselves in difficult circumstances such as becoming unemployed or getting injured, however, the lenders found a loophole and have been selling PPI to customers who were not eligible for the cover or who did not fit the particulars of the PPI they were sold. If you have paid for PPI, whether you tried to use it or not, you may be entitled to claim this money back. What you may not be aware of is why you could be eligible to claim and why the banks could face a huge wave of payouts Continue reading →

Posted in Mortgage | Tagged , , , , , , , , , , , , , | Leave a comment

Why NOT To Take Out PPI

Posted on August 31, 2010 by Guest Author

Banks brought out Payment Protection Insurance to cover a consumer’s repayments in the event they lost the ability. However recently, it has been publicised that banks and lenders are exploiting the product through questionable loopholes. It has been sold to people who are uninformed, have not been quoted the cost or want it but don’t know they are ineligible. Most banks cunningly tag on PPI to any loan or credit and bank are pressured with bonus incentives to sell as much as possible. Continue reading →

Posted in Mortgage | Tagged , , , , , , , | Leave a comment

Were You Misold PPI?

Posted on August 11, 2010 by Guest Author

In January 2005 the sale of PPI (Payment Protection Insurance) policies have been regulated by the FSA (Financial Services Authority). The rules set by the FSA are very clear about what firms and advisers selling PPI policies should do at the time the policy is sold to the consumer. Any breach of these rules can see the policy labeled as what is now commonly known as ‘mis sold’ or ‘mis selling’ a policy. Continue reading →

Posted in Mortgage | Tagged , , , , , , , | Leave a comment

The PPI Con

Posted on July 25, 2010 by Guest Author

Borrowers should be covered for their debt repayments if they have PPI cover and something unexpected happens, but an increasing number of people are realising that it is one big con. It has been sold to people who are uninformed and who can’t afford it and often people who want it but don’t know they are ineligible. Continue reading →

Posted in Mortgage | Tagged , , , , , , , , , , , , | Leave a comment

Payment Protection Insurance Claim Guidelines

Posted on July 17, 2010 by Guest Author

Customers who have taken out a loan, finance agreement or credit card face a long and chaotic battle with their lender if they took out payment protection insurance ( PPI ) on the loan and wish to claim it back. PPI is intended as an ‘insurance’ policy covering repayments on the loan in the event that the customer is unable to make the repayments in exceptional circumstances, such as illness or injury. Continue reading →

Posted in Mortgage | Tagged , , , , , , , | Leave a comment