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We recently came across a website that works with members of the United Kingdom who have taken out ppi and need to claim for compensation because they have been mis sold a policy. PPI is payment protection insurance; a type of insurance policy that protects the policy holder if they have taken out a credit card or a loan in the last couple of years and become unable to work because of ill health.

Unfortunately, it is not uncommon for payment protection insurance to be sold wrongly. The main cause of this is policies being sold to people when the actual policy is not suitable for them at all. When this happens, the policy holder is entitled to claim for compensation from the insurance company. The payout that will be given will depend on the type of policy and the length of time that the policy holder has paid into that particular policy.

If you are one of the many people who have taken out payment protection insurance within the last several years then you should almost certainly look into it further to check that you have not been mis sold a policy. Perhaps you weren’t even aware that you were paying for payment protection insurance? Maybe you weren’t fully aware of the terms and conditions of the policy that could affect you? If this is the case then you almost certainly have a reason to claim for compensation. The best way to do this is through a claims company who will go through the whole process on your behalf.

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