MyMoneyGuardians.co.uk is a claims company helping consumers reclaim PPI
PPI is mis-sold through an individual or an advisor. This could have been sold to meet PPI targets or to generate commission due to the intense pressure from the company they work for as ultimately this insurance is big business for banks/finance companies in the UK.
According to the FSA (Financial Services Authority) 75%-90% of both single and regular premium PPI policies may have been mis-sold in the UK. Claiming back PPI is quite a straight forward process for many cases, however banks are starting to get fed up with the amount of claims being submitted and are using as many methods possible to delay the process behind the current judicial review.
There are many resources online that are informing consumers how they can claim back PPI and include letter templates that can be sent to the bank(s) involved. However there are disadvantages with self claiming as the way in which PPI claims are investigated has been made increasingly difficult. This being said there are PPI claim back specialists that have the knowledge and structure to analyse your PPI policy enabling them to put together the strongest case possible.
Reasons why PPI may have been mis sold:
- Mis Informed or sold the wrong policy - This can range from being told the policy was compulsory, to the policy being automatically added without you being aware
- You were self employed, unemployed or retired - This factor is sometimes overlooked by the advisor and if you fall into this category the policy is more than likely useless
- Had medical problems in the past - Most PPI policies exclude past medical conditions and you may have not been made aware of this or the question was never asked
- Policy period - With mortgage PPI in particular, you may have been sold PPI that doesn't run for the full length of your mortgage
A stronger PPI claim will increase the success rate leaving the banks with less ways to reject your claim.
The banks are fighting against these claims as each day passes so don’t miss out and start your mis sold ppi claim today.
