Why Bank Mis Sold Ppi To You

By Author: Jasmine chand
Total Articles: 5
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After discovering that the bank mis sold PPI to you, the first question that strikes to you is why it wrongfully sold it. What was the intention of the bank in making you the victim? You also wonder if you can get the refunds from the bank.

Payment protection insurance covers your entire loan payments for a year when you are unable to repay the loan for any reason. For instance, you may suddenly become jobless, develop a medical condition that renders you jobless or you may meet an accident and so on. In such times, ppi serves you by paying your loan instalments.

Every bank sells PPI to the loan customers and credit card seekers. However, you become a victim of a mis sold PPI when the bank does not take certain rules set by the government in selling the insurance to the customers. For instance, if you are over 65 years of age, the insurance is simply useless, as it is not going to ay your loan installments. If you have a previous PPI that is capable of covering your loan payments, then the new PPI is worthless, and you can file a case with the bank for PPI Claims.

The main reason for the bank mis ...
... sold PPI is that its officials wanted to meet sales target. They wanted to sell you the insurance just to get the commission from the bank. There are millions of cases of mis sold PPI. The banks also want to make quick profit by selling insurance to the loan customers as an additional income. This is the case of the banks being greedy, and the customers suffering by making additional payments to the bank.

Fortunately, now you can take steps for PPI Claims. In fact, millions of customers successfully have refunds from the bank, and many of them get the money back along with interest payments. In order to know about the money you will get as PPI Claim, all you need to do is to fill some details in PPI Claim Calculator. You can find the calculator on websites of the online PPI Claim sites.

You can easily get back entire PPI Claim amount from the bank. Many online claim exerts are at your service to help you fight your bank for the money. Just let the claims exerts know about your payment protection insurance details and you can have the refunds within 3 months.

Find out experienced online PPI experts who offer their services free of cost. They work on no-win-no-fees basis. You have to authorize them to fight your case with the bank. You can provide some details related to the payment protection insurance online. Shortly, usually within three months, you can have the PPI claims money from the bank.