A few little known facts about PPI Compensation claims

Even if you were told by your loan company that taking out PPI was compulsory you can still claim if they insisted it had to be taken out with them. Lenders can insist that a you take PPI, but they cannot insist that you take out PPI with them. In many cases it was mis-sold this way, as PPI is much cheaper to buy independently.

Secondly check the small print of the terms and conditions for PPI for medical exclusions such as stress and back problems. If it was not explained that these would not be covered then you can claim compensation.

Check out if the firm that sold you the policy had already had action taken by the Financial Services Authority (FSA) against it. If action had been taken against them before they sold you your policy, then there is a high likelihood that any claim will win compensation.

Nearly all PPI policies had or have, an upper age limit, which is usually 65 or 70. Check if you were older than the stated age limit for your PPI policy when you took the insurance. If you were then you should have a valid claim.

If you like many, purchased a PPI policy to cover a long-term loan (5 years or more), check the policy details as if the policy ran out or will run out before the loan is paid back then you may have mis-selling claim. This is primarily because most PPI policies for loans only run for 5 years. If this was not explained to you then you can claim PPI compensation.

Lastly, as if like me you suddenly noticed that you are paying for PPI that you never knew you had, it is almost certain it was added without your consent. This happened to me and I was told that as it was a new electronic direct debit I never needed to have signed it, and it was down to me to prove other wise. I was told if I did not like this to take it to the ombudsman. I did not like this so I took my claim to him and won as he decided that it them telling me to go to him this was an admission of mis-selling!

So if you want to find out more about claiming PPI compensation then read my signature box below and then take some action today. Claiming is easy and you can win thousands back.

An average claim for mis-sold PPI is around £2,500 so if you have had one or more PPI policy in the past five years then clearly it is well worth your while in claiming PPI compensation. Some people have even claimed back over £25,000!

So do not delay as compensation claims are time limited, so to see if you can claim today, take the 60 second test and find out if you are eligible for PPI Compensation. Claims for PPI Compensation can be paid out in as little as 3 weeks. So visit the site and take action today.