There are more than 3 millions of UK borrowers and insurance holders have faced loss of finance due to mis sold PPI. Actually PPI is an insurance program that is designed to provide security on payment installments.
Online PR News – 06-June-2012 – London – There are more than 3 millions of UK borrowers and insurance holders have faced loss of finance due to mis sold PPI. Actually PPI is an insurance program that is designed to provide security on payment installments. It provides payment coverage when person fail to make payments due to unemployment or illness. But such coverage is available with several specific terms and situations. In last some years, banking institutions and financial firms have followed some unfair trading practices to make money. PPI is also one such practice. It was sold to the persons who were not eligible to get benefits of it. It was considered as mis sold PPI.
According to UK financial law, if you are out of money due to mis sold PPI then you are entitled to make PPI claims. PPI reclaim is a legal and financial process. You are required to take help of an expert financial advisor to complete the process. You must have all documents of loans and insurance on which you want to make PPI claims.
It is important to verify that whether you have mis sold PPI or not. If you believe that you are paying for mis sold PPI then you can take help of solicitor to complete the process. You can select no win no fee solicitor to complete the process. You will need to pay to solicitor only if you win the case. This is a win-win process for you.
According to latest financial news, no banking firm can sell PPI along with insurance plans or mortgage loans. So, you will be free from financial losses due to any such unfair trading practice of banks. However, it is important to verify every terms and situations of loans, mortgages or insurance plans before applying for the same.
Get more information at http://www.ppiclaims.uk.com/mis-sold-ppi/