How Do You Claim Ppi Back? If you believe that you have been mis-sold PPI in the past,Fake Oakley Sunglasses, you might have a case against the insurance company or lender and could get your money back. Payment protection insurance is in place to protect you if you cannot make enough money to make your monthly loan payments. This usually occurs if you are sick or injured and unable to work a full time schedule. Many insurance companies, however, took advantage of this and sold it to people who could not benefit from it or didnt fully understand what it was. If you feel like an insurance company misrepresented this insurance to you, convincing you to sign up, you should start the process of claiming PPI back.You can begin by figuring out if you have taken out PPI in the first place. Many people do not even know if they have signed up for this extra insurance, since many insurance companies made it sound like a mandatory part of a loan. Look at your loan agreement or credit card statement to see if an additional payment has been added to it. You could be paying for it every month as part of your loan and not even know about it. If you see a PPI payment on either of these documents, it means that you have been forking out for something that is of little or no use. Next, you must figure out if you have been mis-sold PPI, as this will determine whether or not you can claim it back. If your lender did not explain the cost to you, there is a good chance that you can get this money back. In addition, if you were not working full time when you were granted the loan, the PPI would not apply to you and, therefore,Fake Oakley Sunglasses, it means that you were mis-sold. You should also consider if the lender told you that this insurance was mandatory or not. If the lender did make this claim, you were mis-sold because it is entirely optional.Once you have determined your eligibility, you can start the process of actually getting your money back. In most cases, you should contact a professional claims company, since they can make your case for you and get your money back in a hurry. While the length of time varies based on the individual case, many people get their money back in a couple of weeks. In addition, many of these claims companies will not charge you upfront, so you do not have to pay for the services until you get your money back.There is no reason for you to lose this money because a lender and insurance company decided to con you out of some money. By looking at your financial records, you can easily determine if you have been mis-sold PPI and can start the process of reclaiming what is rightfully yours. Your claim can go back to insurance sold to you six or more years ago, so take the time to figure out if you deserve this money.