Claim Back Mis-sold PPI from Bank of Cyprus
Claim Back up to 30 Years of mis-sold PPI
No Original Paperwork Required
For those who have been mis-slod PPI by Bank of Cyprus, we will help you claim back all of the money plus interest. It is far from essential for us to get all of your original documents or perhaps your policy number in order to come up with a claim. You also do not pay us until you get cash back, so there is no reason to never try for compensation. Our objective would be to receive back considerably more than other claims management entities have already been capable of before in this area over the past three decades.
Payment Protection Insurance (PPI) continues to be mis-sold by loan companies, visa or mastercard organisations and lenders for many years, many consumers believed in order to get approved to the loan or credit, they needed to sign up for the PPI plan. Some people bought PPI policies that had been not suitable for them, yet others had no idea that they were even spending money on PPI to start with.
In case you have recently enjoyed a loan or a credit arrangement which included PPI during the last 3 decades, or you have realised which a PPI policy has been mis-sold to you over the last 3 years, you may claim a refund of the PPI payments, plus interest, even unless you get the visa or mastercard any longer.
PPI was originally designed as being an insurance policies to protect consumers with mortgages, store and a credit card, and loans in case the consumer became incapable of work as a result of sickness, an accident or unemployment.
The most popular causes of mis-selling Bank of Cyprus PPI
The main reason, many individuals remove a PPI policy, is definitely the mistaken belief that coverage is important to get approval for their loan or visa or mastercard. The company may hint that this policy is compulsory and fail to tell the borrower that this type of insurance policies are optional. PPI can be sold to unemployed or self-employed people, who happen to be unable to file an insurance claim. The PPI policy may not cover the complete loan term. PPI policies could be put into financing or credit card without their knowledge. Some clients are sold PPI, even though they cannot file a compensation claim due to pre-existing medical conditions. A credit or loan provider may forget to inform the consumer of facets of the policies which are crucial as a way to know the coverage, like limitations, exclusions along with the “cooling off” period. There might have been a failure to clarify the price of the PPI, by for example the policy rate in the general loan quotation.
Should I Pay For PPI?
PPI products are given various names that are different, and many of these names range from the words, ‘protection’, ‘cover’, and ‘insurance’. Regardless of what it really is called, your monthly statement from the shopping area, credit card statement or loan agreement should plainly show that you will be investing in the cover for PPI.
You will be able to get aid in creating a claim for compensation from Bank of Cyprus no matter what this PPI is called should you be mis-sold the PPI to begin with. Have the claims process started by completing the form located in this article.
The term payment protection insurance policy is referred to any kind of mortgage, credit card, and/or loan that has more or even less than 25 years arrangement with the [bank]. Some banking institutions or even loan companies however, privately add the policy into their loan agreements which tends to make debtors pay without really authorizing. Needless to say, these types of companies are bogus; they benefit from their particular borrowers.
Payment protection insurance is in place to cover up expenses in instances where the borrower encounters an incident, gets sick or perhaps unemployed. The downside is that numerous banking institutions are profiting from the PPI, and they are marketing it to people who don’t require such policy.
Banks and also other financial institutions have been involving their customers into bogus financial transactions through the former’s wrongful practices of promoting payment protection insurance. But, can PPI still be claimed? If that’s the case, what do you have to do and how much can you claim?
Most certainly, to make things very clear, there shouldn’t be a certain time limit when you have kept your original papers and payment documents. However, base on our experience, 25 years is the usual time limit financial institution gives, although all banking companies have got different cut-off dates. Additionally, the number of years they’ve kept your private information is also a consideration. But you could get the full extent of your claim even without the original papers and also records to back it up, and we can help you in fulfilling this effort.
We ensure to help you with your claim even if you cannot provide the original documents or perhaps account number. We guarantee that we may definitely get the claim even in the absence of your original files. It is really doable that men and women will forget about as to where they’ve placed their loan or credit card files and original loan policy number after 25 years. Even so, the loan company may still search your info by simply searching for your name as well as address which you have placed the first time you’ve sent application for the loan agreement.
It is a need for the finance institutions to keep the files for six years in the event the initial loan is done based on law. Meaning to say that all customers’ pieces of information are held for only 6 years. However, there are banking institutions that still get access to borrowers’ personal information for over the time period necessary. Moreover, methods and time period of keeping files change from one loan company to a different one. Because of this, you can find firms that will allow claims for 25 years and others will not. Yes, you may still find variations depending on the firm itself. Conversely, just fill the form that you can see here if you have to have a claim.
Are you acquiring Payment protection insurance without being aware of it at all? In case you said yes, then we could help you out. We already extended our own services to a lot of clients in getting back what’s theirs. And it’s time for you to perform the same thing too. Let us know on the way we could be of service just by filling the form that we provided in this site.
Getting our own services is more convenient for the fact that it won’t be necessary for you to pass the original records and documents. We just require you to respond to some basic questions for us to be informed. These information that you should give are your complete name, the kind of loan policy, and also the address that you utilized when filing the loan. For additional questions, you can ask our friendly and also experienced employees.