Payment Protection Insurance in UK

March 6, 2012 - PRLog -- You may be one of the thousands of borrowers whom banks Mis Sold PPI in past years. The independent regulatory body the FSA has come out with astonishing numbers of the loan consumers whom the bank mis sold Payment Protection Insurance. The insurance works to make sure that you keep up your repayments in the event you suffer an unforeseen loss of income. Unfortunately, banks systematically mis used the insurance and mis sold it to make easy profits. However, thanks to the new rules, your chances of getting payment protection insurance claim are brighter.

You are a candidate for Payment Protection claims if your bank forced you to buy the insurance. This forcing of the policy along with the loan comes in varied ways. For instance, the bank may tell a loan consumer or credit card and mortgage seeker that payment protection is mandatory for the loan. It is a clear case for payment protection insurance claims. Just prove it and you are bound to get the claims money.

Were you self-employed at the time the bank sold you the insurance? Or, were you having a medical condition? In both these conditions, if the bank sold you the insurance, you can claim back ppi money that you spent for last many years. If at the time of buying the insurance, you were over 65 years of age or under 18 years, the policy will not pay your loan in case you fall sick or face a loss of income. You are entitled for Abbey payment protection claims, or have claims from any other bank that mis sold ppi to you.

Note that you will get a good amount of claims money. In case you want to know how much you are entitled for, then use ppi compensation calculator. The calculator is available online with every claims website. Fill some details in the calculator to find out the payment protection claims money you will get. The money depends on your loan duration and the amount you so far spend on the insurance premiums.

Approach an online claims site and give your loan details and other necessary information. You are not supposed to submit any original documents to these sites. They are professional claims people who can win your case for payment protection insurance claims money in hassle-free manner, and without any advance fees.

Visit http://www.connectedclaims.com for more details.