What To Ask Your Solicitor When It Comes To PPI Claims

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by: Abigail J Dean
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Date: Sat, 7 Nov 2009 Time: 1:59 PM
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It's become a commonly known fact that payment protection insurance has been widely mis sold throughout the UK. PPI claims are something of a given if you want to get your money back. However, there are several things that you need to know before you proceed with a claim and it's important that you talk to your lawyer or solicitor about these things.

A lot of companies try to hide the phrase "payment protection insurance" these days because of high competition as well as the awareness that people are wary of this phrase now. However, all of the following terms mean the same thing:

MPPI (Mortgage Payment Protection Insurance), Premium Protection Insurance, Accident Sickness and Unemployment Insurance, Accident Sickness and Redundancy Insurance, Premium Protection Insurance, Income Protection Insurance, Mortgage Payment Protection, Mortgage Payment Insurance, Loan Protection Insurance, Credit Care Insurance, Credit Care.

They actually all mean the same thing. They're all just different terminologies used to describe exactly the same thing. If you've ever had a loan or a credit card, chances are there was some payment protection insurance included which may have been mis sold to you. The policies are usually over priced and most of the time they don't offer you the protection that you really need.

One of the most commonly mis sold ppi cover policies is unemployment cover. This sounds great and a lot of people opt for it because it is supposed to cover them for payments if they became unemployed. However, it doesn't actually cover you for much and usually it's very difficult to make a claim and there are hundreds of circumstances which aren't covered.

Before you make any sort of claim, you'll need to speak to your lawyer to ensure that you understand the process involved. Make sure that you understand the terminologies that'll be used and be sure to read everything twice and then again! Don't waste your time by forgetting to ask questions. You can get free legal advice if you need it.

When it comes to finding a lawyer, make sure that you are aware of their fees upfront. Most of the time, when you make PPI claims, you're likely to get all your money back and if you don't, you won't have to pay the lawyer. However, make sure that you think about all the outcomes before you proceed with any claim.

Article Source :: Simply Articles

About the Author

Writer Abigail J Dean talks about finding PPI claims information on the internet. www.consumerfinanceclaims.org.uk has a big range of options and information available, you should easily get what you need.

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