Ever asked yourself – Have I got PPI?

by Kaylie Phelps

Are you one of those people who have ever asked themselves – have I got PPI? Any sensible person would of course, knowing that thousands of pounds could be owing to them from the banks. Read on to find out why…

The Financial Services Authority (FSA) was first led to investigate payment protection insurance (PPI) selling tactics in 2005, after receiving a number of complaints from customers. Their investigation showed that tactics which went against regulations were being used on a huge scale to sell PPI policies. These findings led to a tightening of regulations to give consumers better protection and a number of lenders being fined. The investigation also led to customers who had been mis-sold PPI gaining the right to make a PPI reclaim case and get back all charges associated with the policy. This was ruled by the UK High Court.

For these reasons therefore, in the past few years, the PPI scandal has been big news. PPI reclaims cases are still being launched in their thousands by customers who were mis-sold payment protection insurance, and combined payouts so far have reached well into the billions. Nonetheless, many eligible people are yet to make a claim, as they don’t know they ever had or still have PPI.

With the average payout standing in the region of £2750, if you believe you have been mis-sold PPI it is well worth getting the process started as soon as possible.

What is Mis-Selling?

Anybody who fell victim to mis-selling of PPI is entitled to make a PPI reclaim case. But what is mis-selling? A number of different tactics were used which violated consumer finance regulations. One of the most common was to give customers the impression that they had no choice but to take out PPI from the lender directly. In fact, they had a right to shop around for a better deal and should have been made aware of this freedom. Other people were sold policies that were completely useless to them (as they didn’t meet their requirements for their particular circumstances), or weren’t told they were being given PPI at all. Where any of these tactics were used, customers have the right to claim back the charges on their policy.

The Claims Process

Although you can claim by yourself, a lot of people find that it is easiest to let a professional claims company handle their PPI reclaim process. Our team at HaveIgotPPI.org.uk are friendly and more importantly, are experienced in claim handling, and so can take the effort out of your hands and make the process simple and stress-free. Thanks to our no win no fee* offer, you don’t need to worry about being left out of pocket should your claim not end successfully. To find out more about how we can help you with your claim, get in touch with our friendly team.

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One and Only Child

by Mrs Money

After the birth of our daughter Penny, I said I wanted at least two more babies.  My thinking was that since we had such a hard time conceiving the first time (we were even considering adoption at one point) surely the second time it would be much easier.  Unfortunately that wasn’t the case.  Last year about this time we decided we would like to try to have another baby.  I met with a new doctor who is a fertility specialist, and she devised a plan to help us get pregnant.  I went through various medications, shots, hormones, ultrasounds, etc. and no progress.  Mr. Money and I decided after me not responding to fertility treatments that maybe we were just meant to have Penny and be satisfied at that.  It took me awhile (and sometimes it’s still really hard for me to go through her baby clothes or our cloth diapers) but as of today I am satisfied with my beautiful daughter and am trying to move forward.  One of the things that helps me cope is focusing on the positive parts of having only one.  Here are some of the pluses to having an only child:

-Time and attention to the one child.  By default, when you have another child the attention gets divided amongst children.  I don’t think this is necessarily a bad thing because I think it’s important for kids to realize the world doesn’t revolve around them.  However, with us just having Penny we can focus our attention on her.

-More resources available to the child.  Children can be expensive, and by only having one it can make more resources available to them.  For instance, if we do end up with just one child, we may be able to pay for all of Penny’s education whereas if we had two we may not be able to do quite as much.

-Less stress.  Having kids can be stressful! Naps, bath time, feeding, whining, entertaining, all of it can drain you.  By having one child life can be a little less chaotic and stressful.

-It’s cheaper.  Obviously it’s going to cost us less money over the long run to have just one child versus more.  (Duh)

-More travel. One of the things I’m looking forward to as Penny gets older is traveling. We went to Colorado last summer, and it was not hard to travel with her at all!  I think with two kids it would be more challenging, especially if we had to drive to places.  Also, we will hopefully be able to afford more travel because we’ll have more money (see above).

I’m not saying that being an only child is the best thing in the world because I worry a lot about her not having any siblings to share that bond with.  I think the experience of having siblings is invaluable and wouldn’t trade mine for anything.  Who knows, maybe we will end up with another baby sometime in the future and that would be okay too.  But for now, these are the positives I have to focus on to make myself feel okay with everything.  :)

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