You may be entitled to ppi reclaim if you have been mis-sold payment protection insurance policy.  Customers agree to this insurance policy on the understanding that if anything happens which stops them from making loan repayments then this insurance policy provides them with the security that it will be paid on a monthly basis.  However, ppi policy is proven to be very costly, it is also commonly sold even if it’s not appropriate to the clients and it’s also difficult to make a claim when needed.

Payment protection insurance policy is often sold to the people who have taken out a mortgage, a car loan, hire purchase, applied for a credit card or a store card or any type of personal loan.  Customers agree to this insurance on the understanding that if anything happens which stops them from making loan repayments then it provides them with the security that it will be paid for them.  However, because of different ppi related problems, everyone is now making ppi reclaim which was mis-sold to them.

 They may be able to make ppi reclaim up to thousands of pounds in insurance policy.

 This could help them reduce the monthly repayments on the loan and lowers the complete monthly expenditure.

 
Banks as well as other financial institutions make an outstanding amount of money from selling ppi to their customers who took out loans and other forms of finances.  These clients are now lining up to make ppi reclaim because they were misled into taking out an insurance policy that was not really suitable for their needs and circumstances.  

You could be able to make ppi reclaim due to compensation and never even know you have it as lenders may added payment protection insurance policy to your mortgage agreements, credit card or other loan agreements without your knowledge and you are not made aware of it.  Average ppi reclaim can be heavy and you may have more than one claim if you have taken out several loans and credit cards over the years.

 
If one of these applies to you then you may be due to a large amount of ppi reclaim from your bank or lender:

-If you were told that the ppi policy is compulsory

-If you were told by your lender or bank you need to simply have ppi as a requirement of your loan

-If you were not told about the exact cost of the premiums that you have to pay for this policy

-If you were previously covered by some other policy or by your employer-If you were not employed during the purchase

Any of these can be a basis of having been mis-sold an insurance plan, and it may be a basis to be able to

make ppi reclaim due to this.