PPI Claims–Go and claim it even if you don’t have a contract

It is sad to note that payment protection insurance was introduced to help people, but it is doing just the opposite. Credit goes to the companies that extended the payment protection insurance cover without even informing the people about the same.

If you are one of the victims of payment protection insurance, don’t feel bogged down even for a single moment. This is life and it is known to pose challenges at every step. So, be prepared to face it without any worries. All you need to do is cultivate an attitude that fights the adversaries of life.

Interestingly, I opted for a loan just a few years back. As I was not aware of PPI, PPI claims, or PPI policy, my company gave me the same without even informing me. I only got to know off late about my PPI policy. Until I knew about the same, I had invested huge amount of money due to the PPI cover, which I received from my lender.

One of the worst things that happened with me was that I did not have a valid contract even. That is where things became worse for me. However, credit goes to my indomitable spirit that kindled me to do some research pertaining to the same.

As I went to one of my friends, I got to know that one could always make a PPI claim even without a valid contract. I was surprised but happy at the same time as I listened to the news. Since I was keen to make a claim, my friends played a supportive role in doing so.

However, all you need to provide is your agreement number. Even if you have lost your contract, you can easily go for a PPI claims referring this number. This is in line with the Consumer Credit Act 1974 that categorically states that an individual has the right to access the copy of the agreement from his lender in case he has lost the same.