In situations where the lender losses his employment, gets sick, or even meets an accident, the payment protection insurance is the one liable in covering all the expenses. Nevertheless, one drawback of it is that lots of banking institutions as well as lending companies sell Payment protection insurance even to people who do not need such policy.
Ppi policies are even given out by banking institutions to their particular clients given that it’s not even a requirement. Sad to say, this treacherous act has long been existing for several years already. Certainly, this act is similar to stealing. That’s exactly why it’s imperative to know the full extent of your PPI claim.
Individuals are normally granted 25 years to have a claim, but essentially, there should be no time limit in case you can present the financial institution your payment records and authentic files. All banking institutions as well as building societies will have different deadlines this will rely on precisely how long they keep your information. We’re nevertheless able to help in making a claim even if you do not have the authentic documents.
25 years is a very long time for many circumstances and also changes to occur. Considering that number of years, it’s not a surprise any longer that you can’t remember exactly where your files are placed. Not everyone can recall all the details of their original transactions after 20 years or more. Loan companies would have documented both your name and also home address during the time of the agreement. This data will then work as your private information and utilized for checking additional details. The great news is; we can help in making a claim even if you don’t have the original paperwork with you. While it’s advantageous to have these documents, it’s not essential in claiming. It’s the reason why we could pursue the claim in your behalf without needing minute details from the original documents.
The law needs monetary institutions to hold records of borrowers’ info within 6 years after the completion date of the initial loan. Certainly, no less than 6 years is the timeframe when all clients’ files are kept. Conversely, there are finance institutions that still get access to borrowers’ private data for more than the period of time necessary. In addition, lenders have different approaches as well as duration in keeping the records. Thus, one company might allow you to claim a maximum of 25 years, and others might not. Well, these come in a different way according to exactly what the firm uses. Even so, you can fill up the form here if you love to help make your own claim.
If you believe you’re one of the dozens of individuals who have been mis-sold with PPI policies, then we’ll do our best in helping you claim what’s yours. We’re happy to say that when it comes to creating a claim, there are numerous clients we’ve helped. To start with, you can fill up the form presented on this page.
Our small dedicated staff will be able to help you with any question you might have. You could make a claim by giving us the lender’s name, your home address when the loan was made, as well as the policy you have. It is no longer essential for you to provide us with the original documents.