subject: When You Experience Mis Sold Insurance [print this page] Perhaps you have heard it in many TV programs, radio programming, read it in forum sites, magazines and other sources that there are a lot of individuals complaining about the different frauds that they have been hounded with. The sad the fact is that there are a lot of these individuals who believed that they are in for some protection. It is just a shock though for these "insurances" being sold ended up being a very huge fraud. The issue of Payment Protection Insurance (PPI) is one thing which has stirred lots of people in the UK. Exactly how are you able to protect yourself when those who are selling these things to you are loaded with so many convincing words and they're not only here to sound pitchy, they are in to convince you and before very long, you have mis sold insurance already.
Sure that's a very poor thing to go through thinking about you've a lot of things that you may have spent the finances for. But before you even become a target, before you turn out to be among the statistics, try and detect all the strategies being used by these people and have things answered the very best that you could.
Identifying if you have been mis sold the insurance or not is extremely important. If you plan to make a loan, be careful for those who have gone through these situations or is asked by the financial institution to do so:
* You are billed for the PPI even though you haven't accepted it. The deception is extremely obvious, if you notice the breakdown of your bill, you will see that some sum go to the PPI when you never even authorized it. Numerous reasons could be given by the loaning party and it truly would depend to you if you will allowed this to go through or if you will fight for it.
* You will be made to think you need to get the PPI before your loan is approved. Clearly this really is something that must never be believed but a lot of banks are practicing this and the unfortunate truth is, a lot of people, because of need, would also comply with getting the PPI so their loan would be approved.
* You will not be requested of your health background. It is important that the loaning party asks these things mainly because that's how they will evaluate your "ability to pay". If you are one that has always been sick or is going through a tough illness, then there is no reason that a loan would be honored under your name. If no such thing is performed, then there has to be some mis sold insurance or anything fishy going on.
* Your work status would not be asked. Most people would certainly consider your loan if you have been working for about a year so if you're self-employed, several things will be inquired about your ability to pay for the loans, if these things aren't asked, then definitely there's something wrong.
* The payment plan is not offered or explained to you. Clearly, this is a very serious problem and if you are not going to work hard to get things going your way, then definitely you have to face the outcomes of the mis sold insurance. It is very important to pay keen attention to things before things get truly messy for you.
When You Experience Mis Sold Insurance
By: erikdgaswo
welcome to Insurances.net (https://www.insurances.net)
