miss sold PPI claim, please help?

A

Ashlee

New member
my boyfriend thinks he may have been Miss sold his payment protection on his car he bought from welcome car finance a few year ago.
We want to try and claim this back but have heard that a few people have been landed with thousands of pound bills when the claims were rejected.
Has anyone else been successful in claiming back their PPI and who is the best company to go through to do it?
Any other information would be very useful also! Thank you in advance x
 
Don't go through a company. They can't do anything you can't do yourself and they charge a load of money.

The firm that arranged the PPI should have explained what if was and how it worked. It should also have been appropriate for your boyfriend at the time. If it is clear that your boyfriend could not possibly have claimed (e.g. he was self-employed) or the PPI was added without explanation, he has grounds for complaint. He should write to the firm heading his letter COMPLAINT, explaining why he thinks the PPI was missold and asking for his money back.

The firm need to investigate the complaint and should keep your boyfriend informed of progress. If they don't investigate, or he doesn't agree with their decision, he can then ask the Financial Ombudsman to intervene. Apart from the cost of the stamps, none of this costs you a penny.
 
There are firms that can make a payment protection claim on your behalf on a No Win No Fee basis but generally all the paper work can be done by yourself if you really wanted to spend the time. The only difference is that specialist firms have the legal knowledge and experience on payment protection compensation so can drive the heat up fairly quickly for the likes of Welcome - whereas you'd probably have to do quite a bit of research just so that you are totally aware of what is classed as payment protection misselling and what is now.

But generally, if you fell into one of the following circumstances then you should be eligible to reclaim if:

- You were told you had to take the PPI in order to get the loan
- You were not told about the PPI specifically but told that the loan was a 'Protected Loan'
- You were self employed at the time
- The lender did not tell you that you could buy PPI from a third party ( which can generally be cheaper)

There are more of course but these are the most common ones.

Good Luck!
 
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