Top 3 Tips For Claiming on a Mis Sold Payment Protection Insurance Policy

Many have succeeded at claiming on a mis sold payment protection insurance policy while some have of course failed. The differences between success and failure can often be found in the way you approach the lender when making your claim. Here are 3 tips to help you be one of the winners, as one who succeeds. Follow these pointers and you can be sure that you will get good results!

First, you must know exactly why the policy was mis sold to you. It really is most important that you understand why and write it down clearly in a letter to the lender and do this properly. If you do it this way, then they will have to acknowledge your claim and you’ll be looking good to get your money back. If you neglect it or fail to pay attention, you may be facing not getting the refund you deserve. If you do it wrong by not outlining exactly why you think the policy was mis sold then you may have a challenge with pursuing your claim

Second, you’ll want to stand your ground. This is critical, could be crucial in determining whether you succeed or fail. It is important for these reasons: the lender will probably write back to you claiming the policy was sold correctly. Failing to stand up to this claim will of course mean no refund. All you have to do is forget about the size of the corporation you are challenging and write to them restating why the policy was mis sold and that they have 14 days to refund you.

Third, you have to remember you are not on your own. If they still refuse to pay, get the Financial Ombudsmen involved. Of course if this all seems like to much for you to do, why not take the easy route and get a specialised no win no fee solicitor involved.

Follow these 3 techniques for claiming on a mis sold payment protection insurance policy and you’ll probably succeed and enjoy all of the rewards and benefits that claiming on a mis sold payment protection insurance policy will bring you. Not only should you get back the money that you paid for the protection (which was not worth the paper it was written on), but you should also get back the interest you paid on it too. If you don’t follow these steps and stick to your guns though, then claiming on a mis sold payment protection insurance policy will almost certainly remain only a distant dream…

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