Below are the 7 most recent journal entries recorded in missoldppi's InsaneJournal:

Friday, May 6th, 2011
2:59 pm	My PPI has been missold, can I claim? Many consumers buy products without thoroughly knowing what they are buying. Some just pick what they seem is right for them. And it is rightfully important to know well the products we buy and even services we avail. Loans, mortgages and credit cards are widely known and used by many consumers. Aside from that fact, fewer consumers know that they have been sold PPI. a very large question now rises as we avail these products, “do you really know what form part of these as you buy them?”, “what are the advantages? Do these have disadvantages? If there are, what are those?” these questions may seem to be very easy to answer, but to tell you, they are challenging. PPI is a part of these products, with or without you knowing it. Unfortunately, Payment Protection Insurance has been mis-sold by some lenders causing disappointment and frustration to clients when making claims. However, regulations regarding the buying and selling of Insurance have been changed, intended to give a prospective buyer far greater clarity and choice prior to purchase. A consumer may have different actions toward this. And this can be stated as follows: If a consumer has been mis sold PPI, First, He may do nothing A consumer can of course take no action, accommodating the sale as a lesson learned. Moreover the view can be adopted by which the consumer holds onto the insurance with a view of a possible redemption in the future. Then, He may Cancel his PPI Legislation has been passed to allow the consumer to cancel their Payment Protection insurance. Please refer to the previous section on cancelling PPI for more information.And lastly, he may Re-claim the third possibility would be to reclaim the Payment Protection Insurance back. What happens next? What is the process of claim? If a consumer does decide to re-claim their Payment Protection Insurance policy, there is a cycle or structure within which a claim will follow. Audit/Assessment A set of credit card statements will need to be audited or a Loan Agreement diagnosed to firstly ensure that Payment Protection Insurance is active. He may then write to the lender. The lender will need to be written to stating clearly that a re-claim is sought with evidence from the audit of the amount required. Now a day, it is very important that you, as a consumer knows how to deal with where your hard earned money goes. So don’t be afraid to re-claim your PPI because you paid for that, and you deserve its benefits. (Comment on this)
2:57 pm	Trouble-free ways of claiming your PPI If you have taken out a loan, mortgage or credit card, you may have been advised to take out Payment Protection Insurance. Its function is to give a hand to a borrower with meeting the repayments of a loan if they are not capable of keeping up their repayments due to accident, illness or joblessness. This is fine in theory, however, in practice, many people have had their claims turned down due to policy clauses and exclusions. A lot of firms have been accused of mis-selling PPI, and many of these firms have been charged for breaking the rules in the manner they sell their PPI. Even if there are many clear rules that any firm or advisor promoting a PPI policy has to follow, mis-selling is still a difficulty and consumers could be missing out on claiming back money that is rightfully theirs. Which? Research shows that at least two million people may have a PPI policy they would never be able to make a claim on. At this point, you may be asking yourself, if you are one of those people mentioned above. Don’t be afraid to inquire yourself about this. You, as a consumer must be aware of what you are paying for. And any unclear thoughts should be asked as soon as possible to your adviser – usually a bank, or a broker. Don’t lose hope! You can effortlessly reclaim your mis-sold PPI. How? First, you must be certain if you have been mis sold PPI. Then, try answering these queries: 1. If the insurance was optional, was that made clear to you? 2.Did the adviser tell you about any significant exclusions under the policy – for example, the exclusion that says you won't be covered for any pre-existing medical condition? 3.If you took out a loan or finance agreement, did the adviser make it clear that you would have to pay for the insurance up front in one single payment? 4.If you had to pay for the PPI as a single payment, did the adviser make it clear that the insurance cost would be added to the loan and you would be paying interest on it? If you answered “NO” with one of these, then it is CONFIRMED. You have been mis sold your PPI. The best way to reclaim it is to be aware. You must make a protest or complaint against your adviser. Don’t be afraid to do this because you deserve to reclaim, what is rightfully yours from the beginning. (Comment on this)
Monday, April 4th, 2011
11:53 pm	Getting Mis Sold PPI Claims In Effective Manner The number of victims nowadays of mis sold PPI are increasing in which the individuals owning this insurance policy find it useless because it doesn't cover them from almost all the unfortunate circumstances one might put into. In fact, the coverage of this indemnity product is very limited in which it doesn't get individuals to be attracted in buying that's why the credit providers and banks and other financial institutions find means in getting this insurance policy product to be sold that's why they do an illegal process just to get profit this kind of security product. PPI or payment protection insurance is a insurance product designed to cover the outstanding debt of an individual in which he/she must render the service and pay the amount required for that debt. The individual will be covered from paying the debt which usually last for a year. This is to ensure that the affected individual subjected to misfortunes and bad circumstances such getting sick and personal injuries can be protected from the hindrance of getting his/her wages or salary due to the required payment of the debt. However, controversies and issues arise from these mis sold PPI because it usually sold to the clients of the credit companies without their knowledge in which an additional payment is added for the billings. When one will examine and find out that the customer of the loan corporation has these added insurance policy, he/she will be outrageous for it is an illegal act where the trust of the individual to his/her credit providers is tainted due to this blunders. The affected individual will try to find means on using these indemnity product but in most cases, it is a failure because the coverage is limited. With these on hand, a great number of complaint are made for mis sold PPI in which the government and the authorities take legal actions on these missold PPI complaints. They usually revoke the license of these credit companies to operate once proven that they do an illegal act of adding secretly the PPI to the loans of their patrons and clients. And being a victim of a mis sold PPI requires us to get back the money that is earned through hard work and perseverance, which why asking help from companies who specialize in getting mis sold PPI claims for this kind of circumstance is the most viable option one can take to get the cash back spent through paying this useless indemnity product. Going to their offices or calling their help lines and talking about your case is the first step in getting the reimbursements you've asked. (Comment on this)
Tuesday, March 22nd, 2011
10:43 pm	Reclaim Mis sold PPI -A More Legal Understanding Many people are deciding to reclaim mis sold PPI or Payment Protection Insurance, an added payment on and individual’s insurance policy which is purchased along with credit cards, loans, mortgage and other financial lending. It was designed to protect consumers in times of hard financial need, such as being ill, unemployed or other reasons that makes them unable to earn an income. Most PPI are sold to a consumer that does not need this particular inclusion and was only forced to purchase it without credit and insurance agents explaining the particulars of the policy. What happens is, consumers ends up paying more than they are supposed to pay. Claiming for a PPI is not that difficult nowadays with solicitors offering “No Win No Fee Policy” it helps consumers fight for their right by not worrying about the financial cost of filing a case upfront. This set up will only bound them to pay for legal and solicitors cost after they have won the reclaim mis sold PPI case on court and is awarded by a specific compensation amount, a small percentage of which will go to the solicitor as legal and service fee. Take the proper action and don’t let the giant financial companies and institution to step on your rights by just adding PPI policy on your insurance, loans, mortgage and credit card bill without your approval, consent or prior understanding on what a PPI or Payment Protection Insurance is supposed to be. Reclaim mis sold PPI easily with the guidance of reputable financial experts and solicitors tasked to help the consumers fight for their right and ease up their financial burdens by claiming back hard earned money spent on paying for PPI fees in the past. Currently, PPI claims are becoming more prevalent in the United Kingdom as many cases of PPI abuse are being practiced by a number of financial institutions hell bent on earning more money at the expense of the unsuspecting consumers. By filing for PPI claim, you join many others in sending a clear message to these giant corporations that the consumers will never tolerate such practice at all times. (Comment on this)
Friday, March 11th, 2011
8:37 pm	Mis sold PPI – What You Need To Know In-depth Many people today are complaining about mis sold PPI or the Payment Protection Insurance. This extra billing is being charged to consumers without them knowing what it is for in the first place. Some are paying additional money without even knowing they’ve been paying PPI as part of their usual loan payments. It is only by studying the terms of the mortgage, credit card and other loans that they discover the real amount of their credit and any amount over that are considered as part of the PPI that were mis sold to consumers. The important step to remember is to understand if you have PPI claims as a direct result of your loan. First, you need to study the terms and conditions of your loans. Many reported cases of mis sold PPI happens when the borrower misses out on some important information regarding their borrowing policies therefore ends up being sold a policy that includes the PPI or Payment Protection Insurance Policy that most people don’t even need in the first place. Most lenders also charges you PPI plus its interest rate, this means you will need to pay up for your original loaned amount plus its interest, the PPI and its interest, almost adding a large percentage on the supposed amount you need to pay up. Mis sold PPI definitely becomes a burden in these kinds of instances. Lenders usually mentions the provisions of PPI in passing when explaining the terms of borrowing and payment to consumers, often time it becomes overlooked and only when the bill starts to pile up that the consumer will realize what a real pain the PPI has become when the cost of payment becomes even larger with the addition of these mis sold PPI. However, good news is; it has become easy to claim for PPI’s that has been mis-sold to consumers. Experts and solicitors are ready to help consumers claim their hard earned money spent on paying up for PPI. They will help you with the whole process and fight for you to get back every penny of money spent on paying for these mis sold Payment protection insurance or PPI. (Comment on this)
Monday, February 28th, 2011
5:28 pm	Can You Reclaim PPI Charges? Find Out Here! The chances are that – like many people – you remain confused by the recent news regarding people choosing to reclaim PPI charges and if so you would do well to read on. Many people are unaware of the details of the subject yet know that it has been very much in the news of late, and this means that there could be plenty people who are entitled to claim but do not realise they are. The situation really is quite simple to understand if you take on board a few simple facts concerning the world of PPI. Payment protection insurance is a term covering a variety of insurance policies designed to help the customer keep up payments on a mortgage or other loan in the event that they find they are no longer able to work. The customer pays a regular amount into a policy and this is used to create a fund from which any necessary payments may be drawn. If you have taken out a mortgage, credit card or entered into any sort of credit agreement in the recent years you should investigate whether you have a Pi policy attached. A recent investigation into the selling of PPI was prompted by a number of complaints to the industry regulators by consumers who questioned the method of selling policies. In the main this concerned instances in which borrowers had been required to take a policy provided by the lender without being given a chance to look elsewhere. This practice has always been against the regulations as the borrower is entitled to seek a policy elsewhere, and recent revisions to the regulations have made it illegal to sell PPI at the point of granting a loan. Quite clearly these new rules are geared towards the consumer as there is now an incentive to look for the better insurance deal, and the results of the investigation also resulted in a large number of people realising that they had the right to make PPI claims. There are now many specialist companies offering help and advice in the field and this has been a great help to consumers across the country. If you are still unsure of whether you have a case to reclaim PPI charges there is plenty of advice and help available and a simple web search or a look through the press should bring up some viable companies offering their services and a range of free help and advice. (Comment on this)
Wednesday, February 23rd, 2011
8:52 pm	The PPI Claims Controversy – What it Means to You If you have been reading the consumer finance news lately you will undoubtedly have noticed a great deal is being written about PPI claims, but like many people it is possible you are not fully aware of what it is all about. With such confusion comes the worry that you may have been a victim and yet not know about it, and this will undoubtedly be unsettling for many people. Here we will have a look at what the situation is, how it arose, and how it may affect you. PPI – or payment protection insurance – is a term that covers a number of insurance policies designed to protect those who have a loan, mortgage or credit agreement should they find themselves out of work. In times where the consumer cannot pay the monthly repayments the policy will make them instead. Of course, different policies will pay out for different reasons: some cover the holder for redundancy and others for sickness or accidents; some cover all three, and there will be differences in the length of time for which they will pay out. The details of an individual policy will be agreed at the time of taking it out. So what is the controversy all about? A number of years ago the powers that be who regulate such policies were party to a number of complaints. These complaints concerned the alleged mis-selling of PPI policies, and on further investigation it was discovered that such practices had been quite widespread. Some lenders were making it known to borrowers that in order to be granted their required credit they would need to take out a policy provided by the lender; this would usually be a more expensive deal than others on the market, and as it has always been the right of the borrower to look for their own insurance package was a practice that amounted to mis-selling. As a result, there were heavy fines levied on some very well known lenders and the rules surrounding the provision of PPI have been comprehensively revised. Many people discovered, thanks to widespread publicity, that they had been mis-sold policies and as a result a number of specialist solicitors began representing people with regard to their PPI claims for compensation. If you believe that you are entitled to follow up possible PPI claims you should seek professional help to get the best chance of a successful claim. (Comment on this)