But let’s be honest Payment Protection Insurance can be difficult to unravel, but the most important thing to know, is are you owed PPI?
Here are a few examples, if one or more of the following apply to you, then you have grounds to claim back your PPI:
If you were told that you must take out a policy in order to take out credit. You should be careful in taking out your credit. Do a consultation with a financial advisor.
If you were subjected to aggressive sales techniques. You can report them immediately.
If you were unaware you were even paying for a PPI policy.
If you were sold a policy and you were unaware of it.
If you were sold a policy which then turned out to be unsuitable for your circumstances
If any of these apply to you, then you should apply directly to your lender or to a claims company to process your refund on your behalf. If you’re rejected and still feel you have legitimate grounds, then take your case to the Financial Ombudsman Service, who will independently review your case.