Are you Eligible to Reclaim Payments on mis sold loan insurance?

Title – Are you Eligible to Reclaim Payments on mis sold loan insurance?

PPI Return, one of the UK’s leading companies working to reclaim mis sold loan insurance is pleased to announce the launch of their website.

PPI Return work to help clients reclaim payments made as part of a loan insurance that were either mis-sold or were completely unaware of when taking out loans.

The mis sold loan insurance in the UK has received significant press coverage, yet there are still many thousands of financial consumers in the UK that are unaware that they can make a claim.

PPI Return’s website offers visitors a simple ‘60 Second Test’ where they can quickly determine if they are eligible to make a claim against the banks and financial service providers that made the original loans and provided the missold ppi insurance.

The website is a thorough source of information on mis sold loan insurance (also known as Accident, Sickness and Unemployment insurance or PPI). Visitors to the website can also talk to a team of specialist advisors through Web Chat who can provide information on mis sold loan insurance claims

Several high street banks in the UK have already have had significant fines imposed for mismanaged or mis sold loan insurance including Liverpool Victoria Banking Services, HFC Bank, Alliance & Leicester, GE Capital Bank, Loans.co.uk and Capital One Bank to name a few.

Can you make a claim for mis sold loan insurance?

One of the most common misunderstandings is that one cannot make a claim against a fully paid up loan. If your loan has been repaid you may still eligible to make a claim if you were mis sold loan insurance.

Despite widespread press coverage many do no know that they can claim back payments for mis sold loan insurance. This is where PPI Return work hardest to educate financial consumers and to champion recouping payments made as part of mis sold loan insurance.

CVAs – Help is available for your business

If your company is struggling with cash flow problems and your finances and are struggling to pay your creditors then the faster you act the easier it will be to find a solution.  A company voluntary arrangement (CVA) is an agreement with the individuals and companies to whom you owe money where an agreed payment plan is reached. The CVA agreement once made is fixed and allows a company to pursue a route which allows it to continue trading and hopefully reach a point in time when it is debt free.
There are a number of payment options for any agreed CVA payment plan, but they can involve monthly payments or even a lump sum payment if the cash can be generated.
The key to a successful CVA is looking to help from the professionals (as there are stipulations involved in these agreements) and seeking help as early as possible if your company is experiencing financial problems.  The worst thing you can do (just like any individual experiencing debt problems) is to “bury your head in the sand”, debt management and resolving debt issues requires a business/individual to be pro-active and to deal with the matters at hand and as mentioned before seek help from the professionals.

A company voluntary arrangement offers your company a potential opportunity to form a plan with your creditors where the amount repayable is fixed and your company will know exactly what needs to be paid back and at what time.