Your financial blueprint is truly the start of all good things to come. It might not seem that way at first, but think about it from a different perspective for a moment. You see, when you sit down to write out all of the goals you have for your life, you’ll find that many of them mean adjustments that have to be made to your finances. For example, if you really want a home, you’re going to need to make sure that you can start saving for it now.
Unfortunately, if you’ve been paying payment protection insurance, you might find that some money has been stolen from you in a sense. Payment protection insurance (PPI) is something that was sold to a lot of people as a way of covering the loan payments in case there was a default of some kind. You might have already taken out a few loans over time, which means that you might have already been making PPI payments.
In case you think that it’s not worth pursuing compensation, you should know that PPI payments can often make up over half the premium of the loan. In other words, that’s a lot of extra money that you might have been paying for something that actually isn’t going to spring into place to protect you.
Outraged? You definitely should be. There’s a lot of money on the table, and when you know that you need extra money in order to reach your goals, you might feel like you’ve truly been betrayed. The reason why payment protection insurance has become useless is because it might have been sold to you even when you didn’t qualify for it. There are a lot of circumstances that can negate the PPI, which means that if you went to claim your PPI benefits you might get rejected. In fact, when an investigation was done it was shown that many more people were rejected for PPI claims than they were actually approved for them. There’s no reason why you can’t get things done anyway though: you just need to make sure that you fight back.
The best way to fight back is to get some legal representation. Indeed, you want to make sure that you are properly compensated not just for the raw monetary figure that was explained to you in your paperwork. No, you will need to also get interest for the money that was taken from you.
Don’t let anyone tell you that you have to deal with just losing the money to the PPI scheme — fight back today and preserve your financial blueprint!