Mis sold PPI in Belfast

By: JonHayes

Step by Step Guide On How You Should Claim PPI Compensation
A lot of consumers are unaware that they are actually paying for payment protection insurance. Usually, this coverage comes along with many loan, credit, and mortgage products. Until the court declared selling of PPI as unlawful, many consumers did not bother about checking the hefty amount they pay for this product.
If you think you are paying for mis sold PPI in Belfast, you may want to consider filing claims for your lost money. Here are the steps you have to follow:
Step 1: Determine if you have a mis sold PPI.
This coverage is often guised alongside many financial products. They may also be called by many different names such as credit or loan protection, accident, unemployment and sickness cover. Many brokers and financial institutions consider it as an “essential” coverage which they explain to customers as a “mandatory” insurance. But the truth is that payment protection is just an optional policy.
If you have been sold with PPI aggressively or with pressure or by default, then you can consider your PPI as mis sold.
Step 2: Are you eligible for a PPI refund?
If you purchased a mis sold PPI in Belfast within the past six years, either expired or currently running, you may be eligible to file for PPI compensation. Some consumers are able to claim compensation for as far back as six years. However, you need to have the original documents to back your claims.
Step 3: Know what the circumstances surrounding your purchase of PPI.
The success of your claim depends on how you bought your PPI. Many consumers do not have full knowledge and consent for the purchase of this plan. Some may have not been given the option if they wanted to buy payment protection coverage.
Step 4: Could you ever collect the insurance?
Even if the document appears clean, you may still be able to file for refund plus additional interest. Many of the successful claims promise coverage in case of unemployment. Unfortunately, insurance providers do not even bother to inquire about your employment status. For instance, people who are classified as self-employed and retired are actually excluded from this policy. Hence, if you have purchased a PPI while you are unemployed, the plan would have been useless and you would never have a chance to collect it.
Step 5: Initiate your PPI claims.
If you doubt that your PPI has been mis sold, then you can file a complaint through the credit provider or bank or Mortgage Company who sold you the coverage - not the insurance provider. If the bank rejects your complaint, you can bring your case to the Financial Ombudsman Service. The FOS settles claims for mis sold PPI in Belfast.


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Northern Ireland Claims is one of the most successful Payment Protection Insurance (PPI) claims companies in Belfast and Northern Ireland. If you've had a Loan, a Mortgage, or any type of Credit Agreement in the last ten years, contact www.northernirelandclaims.co.uk/ > PPI Northern Ireland to find out if you qualify for a refund. www.northernirelandclaims.co.uk/belfast-ppi-claims.php#.UQILc1eXsdU> PPI Claim Northern Ireland

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