Following years of systematic mis-selling by the companies

Following years of systematic mis-selling by the companies and other financial institutions, PPI (Payment Security Insurance) claims are now all the rage and you may hear many successful stories about the thousands of pounds claimants have received.

You always hear about the 'easy process' and 'how quick my claim was settled'. Unfortunately there is also a large proportion of consumers who are finding that the lenders are not hence forthcoming, despite the high court judgment that mis-sold PPI has to be repayed, in many cases 'PPI rejected' is becoming the more common theme.

What are PPI Claims?

Quite simply, you would have been paying for payment protection insurance plan on your loan or credit card. On many occasions PPI can be a valid, required insurance coverage ppi claims and considered a sensible policy to have. However there was a period where PAYMENT PROTECTION INSURANCE was mis-sold, a lot - You may fall into the mis-sold category for numerous sorts reasons - see the list beneath for the top 6 reasons. In case your PPI was mis-sold you have a PAYMENT PROTECTION INSURANCE claim; a right to claim back the money you paid on the policy.

Reasons you might have a PPI claim:

Your professional has already been fined?

You had medical difficulties in the past?

You were self-employed, unemployed or even retired?

You were advised of or perhaps sold the wrong thing?

You didn't realise you had cover?

You were informed it was compulsory?

I put in a new PPI claim and the response seemed to be PPI rejected - now what?

'PPI rejected' is frustrating to see, in particular when you are quite sure your lay claim is legitimate. But if the lenders assert 'PPI rejected' there is not much I will do right? Wrong! Do not be worried, this is not the end of the road. Though there is a high court ruling for the lenders it would appear they are still trying to avoid paying where potential. 'PPI rejected' should be translated while 'we are trying to fob you away and hope you will give up! '

Your response should be to appeal. You may appeal to the Financial Ombudsman who will review your case and make a final ruling. If you do not wish to do this yourself there are lots of professional organisations such as Claimspower who is able to appeal your PPI claim to conquer the PPI rejected decision. Avoid lose heart. If at first you cannot succeed try again, after all our company is potentially talking about thousands of pounds here, you paid out when you shouldn't have done.