Senin, 15 April 2013

What compensation can I claim PPI?

To define exactly what amounts you can claim back from the company that mis-sold is your payment protection insurance (commonly defined as PPI), you need to look at addressing the following key issues in order to maximize your claim for mis-selling.

First ask the return of the full premium PPI. As premium accounts should never have been sold in the first place you should ask the return in full.

Also entitled to demand the return of all payments made on PPI policy. Make it clear that all payments made on politics must be returned. You can also ask for the return of any interest charged on these payments.

You can also ask for the restitution of all commissions paid to sales agents in relation to your payment protection insurance. Was that the whole Commission, the creditor has received from mis-selling of PPI policy must return in full.

It can also insist on the return of any broker or agents fees. If you went through a broker to arrange your loan, then you may request the loan sales commissions and the PPI must be returned by the lender. By law, the Broker fees also should be returned in full to you.

Even legally can claim statutory interest on all amounts above at 8% per annum. This is clearly worth arguing as it should result in an 8% bonus for the PPI policy mis-sold.

Average compensation of mis-sold PPI is about 2,500 so if over the past five years has had one or more PPI policy then clearly is well worth it in claiming compensation for the PPI. Some people have even argued over 25,000!

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