Reclaiming PPI Under Complicated Circumstances
Billions of pounds have been paid back to consumers affected by the mis-selling of PPI in the UK since the end of the 20th century, but there are still millions more who may be missing out on money that is owed to them because they don't know if they are able to claim and have so far chosen not to. If you're unsure as to whether you can claim, seeking professional advice is definitely advisable.
PPI can only be claimed back if you can make a strong case that it was mis-sold to you in the first place. In some circumstances it might be really clear that PPI was mis-sold. For example, if you have a long-term health condition that would have made the PPI policy void in the first place you probably wouldn't have agreed to pay for it - few banks would try arguing with you in this case.
Unfortunately making a claim is not always as simple as this. Sometimes it can come down to your word against theirs. You could claim that you were never even told about the cost of PPI. If the bank does not have a recording of the conversation they won't be able to prove definitively that you were informed of the cost, but you might have your work cut out getting your money back.
Even more complicated scenarios can develop if you were mis-sold PPI but still managed to claim on the insurance. While it might seem logical that you can't receive a pay-out from the insurance policy and then claim back money because PPI was mis-sold to you initially, that shouldn't be an automatic assumption. You might still have been misled on the fact that the total cost of PPI would have been added to the loan and you would have had to pay interest on the total sum.
It's in more complicated situations like the two just mentioned that having a specialist PPI claims handler on your case is absolutely essential if you want the best chance of your bank accepting your claim. A claims handler will have dealt with cases like yours on a daily business and will confidently be able to assert your right to claiming back PPI, leaving you worry-free.
PPI can only be claimed back if you can make a strong case that it was mis-sold to you in the first place. In some circumstances it might be really clear that PPI was mis-sold. For example, if you have a long-term health condition that would have made the PPI policy void in the first place you probably wouldn't have agreed to pay for it - few banks would try arguing with you in this case.
Unfortunately making a claim is not always as simple as this. Sometimes it can come down to your word against theirs. You could claim that you were never even told about the cost of PPI. If the bank does not have a recording of the conversation they won't be able to prove definitively that you were informed of the cost, but you might have your work cut out getting your money back.
Even more complicated scenarios can develop if you were mis-sold PPI but still managed to claim on the insurance. While it might seem logical that you can't receive a pay-out from the insurance policy and then claim back money because PPI was mis-sold to you initially, that shouldn't be an automatic assumption. You might still have been misled on the fact that the total cost of PPI would have been added to the loan and you would have had to pay interest on the total sum.
It's in more complicated situations like the two just mentioned that having a specialist PPI claims handler on your case is absolutely essential if you want the best chance of your bank accepting your claim. A claims handler will have dealt with cases like yours on a daily business and will confidently be able to assert your right to claiming back PPI, leaving you worry-free.
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Find out more about making PPI claims. You could be entitled to a substantial payout.
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