Payment Protection Insurance is Not a Good Deal – Escape Today!
If someone is trying to offer you payment protection insurance — run. Seriously. PPI is just bad news for today’s UK consumers, and it will remain that way until people start being honest about it. Are there situations where you my benefit from PPI — absolutely. The truth is that, however, that most people were offered a policy that doesn’t fit them at all, and it will be denied to them if they file for benefits. That’s a tough pill to swallow, especially in a bad economy. You’re better off making sure that you’re always thinking about trying to get the best policies in the insurance world for your life.
Payment protection insurance was attached to many loans without anyone being any the wiser, which turned out to be one of the biggest confidence bursting scandals of the decade. Many consumers felt like they had been completely and utterly betrayed.
If you’re feeling that way, just know that it’s normal. You might actually have PPI attached to old loans that you borrowed and paid off already. That doesn’t mean that you’re not eligible for compensation. It just means that you are going to need to think very carefully about getting it together with the help of a legal professional. It goes without saying that there’s a lot of research involved in order to claim back PPI yourself. What happens if you hit a wall? What happens if you need help? This isn’t really something that you can just leave to chance. Some people complain about the money that they will have to pay a solicitor. The truth is that most solicitors work on a no win no fee bass. Simply put, there’s no upfront money — ever. This is a great opportunity to finally get back the money that was taken from you. So what if you have to give up a small percentage? It’s better than having that money locked away forever merely because you didn’t want to take action.
This is tax free money (aside from the interest on the money) and that means that you have a chance to really let it work for you in your regular life. Why would you want to go without money that can really make a difference in your life?
Try to always think about the bigger picture when you’re figuring things out. That’s the best way to really ensure that everything is moving along as best as it can. Good luck!