Why do ppi claims get rejected

Millions of people have been mis-sold this type of insurance. With millions of people already receiving the compensation from successful claims, you could be owed money too. When looking to claim PPI compensation for a second time, there are multiple ways that you can go about this. You can either decide to contact the banks directly with your claim or to use a claims company to help make the process of claiming as seamless as possible.

Claiming for PPI compensation is easy and with an online service, you can have your claim submitted quickly for a fast answer to that nervewracking application. This will come as a benefit to you as they will be able to determine whether or not you have indeed been mis-sold compensation. The problem now comes in the form of unfair commission payments.

PPI commission rates were deemed to be unfair for two main reasons: when they were too high or when they were kept secret. When secret, they were obviously undisclosed to the customer. That customer — had they been better informed — may have queried the value of their PPI policy. Especially if they had they known that the majority of the price was not going to the product provider for example, the insurer underwriting the protection cover for the loan or credit card but to the bank who sold the PPI policy to them.

Awareness of the unfair commission payments on PPI policies is not new. But recent court decisions mean that customers can potentially claw back all of the commission they have paid and claim after the deadline. In other words, successful claimants only received part of the commission that had been paid to the banks.

Remember, you need to make a PPI claim before the deadline of 29th August. If your claim has been rejected previously, we urge you to take action and try again before this date. You can claim by yourself or use a claims company, such as Canary Claims, to act on your behalf. Here are some of the reasons a PPI claim is rejected and how you can submit again before the deadline. One reason for a rejected claim could be due to insufficient evidence provided to the bank or lender.

If you find yourself in this situation, you may need to submit more evidence to the bank. Full Terms and Conditions apply to all Subscriptions.

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