Over the past 10 years, million of people from the United Kingdomwere mis-sold PPI protection. PPI protection is insurance that is added to loans, mortgages and credit cards. If the customer became unable to work, the protection would continue the monthly payments.
There are several ways a customer was mis-sold PPI protection. If the customer was self-employed or unemployed they should not have been sold the protection. Also, those with existing medical conditions were exempt from PPI protection. Before purchasing PPI protection, the terms should have been explained thoroughly. If not, you may be entitled to a reclaim of your PPI premiums.
Many in the United Kingdom are receiving reclaims due to the Which? campaign. Which? offers an online complaint letter that help customers reclaim their PPI premiums. Customers are receiving refunds in the amounts of £3,000, £3,900 and £8,000. Which? supplies customers with free online complaint tools. Customers do not need to pay to receive a reclaim.
For More Information On PPI Go to PPI Freedom