Personal Payment insurance reclaiming can be a difficult process.
Personal payment insurance is typically included in the price of a loan without the customer’s knowledge. This means you may end up paying for insurance that will accomplish nothing and cost a large sum of money in the long run. Depending on the loan amount this insurance could cost hundreds or even thousands of dollars.
To reclaim personal payment insurance first contact the lender that included it in your loan, explaining that you would like compensation.
While most of the time they will not cave immediately, it’s good to let them know that you are coming after them. Next contact your local financial regulatory commission, explaining that you were fraudulently issued personal payment insurance. Make sure to have some proof for your case, as personal payment insurance is something that some loan customers do want.
Proof that the lender tricked you into accepting personal payment insurance can be difficult, but do not give up on getting your money back. Keep harassing both the lender and the financial regulatory commission until you get some good ideal results.
It is Possible To Claim Back All Your PPI Yourself. Just Take A Look HERE.
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