Different Ways Of Establishing Whether You Have A PPI

July 17, 2017

PPI Claims have become very popular in the recent past. Some credit customers have gained interest in the PPI claiming process as they have become more knowledgeable. However, these customers have trouble identifying whether their credit facilities had a PPI policy arrangement. Canaray claims is one of the top 5 ppi claim companies. Hence, the following are some of the ways in which to establish whether one had a PPI;

Contact the lender


Most banks, credit card firms and other credit lending firms are willing to assist their clients in identifying whether they have a PPI running on their credit facility plan. This has been possible by the use of online forms that can be filled in at the convenience of the customer. Moreover, one can enquire about their PPI status by physically visiting the lender’s offices, contacting them through email or calls. While most banks or lenders will find a PPI policy, this does not log in as a PPI complaint hence the customer needs to follow up with a formal claim.

Professional claim firms or experts

By soliciting professional advice and consultation, one can enlist the services of claim handling experts who can identify on their behalf whether their client is owed. Moreover, using their resources, they can scrutinize the credit records provided by their clients to establish whether they are owed any amount in claim money.

Check credit records

It is possible to access the right credit information in regards to a client’s transactions with a money lending provider. Moreover, well-documented records can be used, sum up, the amount that has accumulated as premium paid towards the PPI policy for a credit facility accessed. However, care should be taken to understand the type of arrangement entered into to all ensure that the claim period is not above three years from which the claims expires.

Identify the credit facility accessed

Most financial plans such as credit cards, personal loans, and mortgage among others are mostly covered with a PPI policy to ensure that they are well secured in the occurrence of involuntary unemployment, incapacitation or sickness. Therefore, understanding that a loan facility holds a PPI policy is an easy way of identifying a PPI policy.

Credit rating companies

nbnbnghghghhghCredit rating companies such as Experian, Transunion, Callcredit among others provide its users with well-outlined credit reports that inform them on their credit history. As a result, this is a reliable way of understanding the characteristics of a credit facility in a more profound way. These firms also offer consultation on understanding these reports which would be a way of understanding whether one has a PPI claim to make.