Payment protection Insurance
commonly understood as accident, unemployment or illness cover is usually sold
alongside loans and credit agreements. The main idea is to provide some kind of
protection to those people who are faced with any kind of illness, accident or
unemployment. However, this scheme became largely redundant. For example, if
one was working part time, retired or on a temporary contract, then his/her PPI
policy would probably never pay out and so was totally unsuitable. It may also
have been unnecessary if one had sick pay cover through his/her job or had
other insurance provisions. Moreover, these PPI policies offered by the banks
were often very expensive; almost up to four times the market rate. These
inflated prices saw monthly repayments rise considerably.
| PPI Refunds |
In some cases the PPI refunds
(bearing in mind the total cost was usually added to the loan balance and
subject to interest) were as much as the loan itself and made the overall
repayments totally unaffordable. This completely failed the purpose of the idea
itself. Where on one hand Payment Protection policies provide peace of mind for
some people, ignorance about the availability of better policy deals forces
them to buy it at a higher price. Once again, this rejected the sole purpose
for such a scheme.
Bearing such disadvantages in
mind, www.ppi-refunds.co.uk have drafted policies which are beneficial to the
insured. There are no up-front fees and the prices are highly affordable with
only 15% of the competitive price upon completion. The staff is experienced and
very friendly which makes them approachable to any query of the consumer.
Finally, the assurance offered by the company is that the compensation claim
would be fairly paid with keeping in mind the regulations and rules. One can
call 08-000488820 to inquire if they’re qualified to apply for the program. The
claim form can be filled out immediately after thoroughly browsing through the
website. For any queries, one can refer to the Question & Answer page which
will most certainly solve the major queries of the consumer.
The website is consumer friendly
and has made an attempt to clarify most doubts of persons interested in
purchasing PPI claims. The main idea of the company is to understand your needs
and provide the best scheme to suit those needs. They work towards ensuring
that the main idea of such scheme is fully satisfied and the consumer thus be
benefitted.
Get more details on PPI Refunds.
