Taking out payment protection insurance (PPI) could help protect your loan payments during hard times.
However you still have to make a PPI claim to know if your lender will provide you with the funds you need to make payments on your loans when you are unable to.
Legal Advice Helpline can provide you with information and advice if you need to make a PPI claim or are looking to apply for compensation due to an unsuccessful claim.
How to make a claim
In order to make a Payment Protection Insurance (PPI) claim, you need to provide evidence that supports your claim. For example, a medical certificate if you are off work because of an injury or illness.
If you are claiming due to unexpected unemployment make sure you have a Jobseeker's Agreement that shows you are and have been looking for work throughout the period of your claim. Bear in mind that you might have to pay for these documents yourself.
Knowing your personal agreement with your PPI provider is important because each one is unique.
For advice on how to carry out a PPI claim, including information on solicitors, Legal Advice Helpline can help put you in touch with the people and information that will be useful during your PPI claims process.
More about Payment Protection Insurance claims with Legal Advice Helpline
In some cases, a Payment Protection Insurance claim can result in compensation. Legal Advice Helpline has more information on winning compensation, including no win no fee agreements.
For more information about issues with PPI or to learn more about PPI claims and the payment protection insurance process, contact Legal Advice Helpline on 0800 612 3042.