{"id":29891,"date":"2019-08-12T14:39:31","date_gmt":"2019-08-12T13:39:31","guid":{"rendered":"https:\/\/www.theasiantoday.com\/?p=29891"},"modified":"2019-08-12T14:39:31","modified_gmt":"2019-08-12T13:39:31","slug":"time-is-running-out-to-claim-money-back-for-ppi","status":"publish","type":"post","link":"https:\/\/www.theasiantoday.com\/index.php\/2019\/08\/12\/time-is-running-out-to-claim-money-back-for-ppi\/","title":{"rendered":"TIME IS RUNNING OUT TO CLAIM MONEY BACK FOR PPI"},"content":{"rendered":"

There is less than one month to go until the Payment Protection Insurance (PPI) complaints deadline, 29 August 2019<\/strong>. The Financial Conduct Authority (FCA) which regulates the financial services sector and protects UK consumers is urging people to cast their minds back to the 1990s and 2000s – when many of the estimated 64 million PPI policies were sold in the UK.<\/p>\n

To help you make a decision about whether to make a complaint, PPI Deadline Campaign<\/p>\n

\"\"<\/a>
Photo\u00a9John Cassidy The Headshot Guy\u00ae
www.theheadshotguy.co.uk
07768 401009<\/figcaption><\/figure>\n

supporter Abdul Haseeb Basit Co-Founder & Principal at Elipses, an advisory and investment firm <\/strong>answers some important questions and explains the process of complaining.<\/p>\n

Abdul said \u201cThanks to FCA the process of making a PPI complaint is simple and free. You can complain\u00a0yourself by contacting the provider who sold you PPI. If you complain to them directly, you will avoid\u00a0paying a claims management company.<\/p>\n

\u201cIn a bid to further support consumers, the FCA has also extended its PPI helpline 0800 101 8800 opening hours from 5 August to 8pm on weeknights and 5pm on Saturdays. You can also choose to speak to an advisor in Bengali, Gujarati, Hindi Punjabi or Urdu if you prefer but make sure you tell the advisor which language option you\u2019d like.\u201d<\/p>\n

Frequently asked questions and answers:<\/p>\n

What is PPI? <\/strong><\/p>\n

PPI was a policy sold with credit products such as loans, mortgages, credit cards, store cards and catalogue credit.<\/p>\n

PPI was designed to cover repayments where you could not make them yourself. For example, if you were made redundant or could not work due to an accident, illness or disability.<\/p>\n

If you took out a credit product during this period, you may have been sold PPI at the same time. It may have been mis-sold to you.<\/p>\n

How can PPI be mis-sold?<\/strong><\/p>\n

Examples of mis-selling include:<\/p>\n