Claim on mis sold PPI was one of the most famous scandals of the country. There has been number of complaints from the policy holders regarding the mis selling of the payment protection insurance in UK. Most of the policy holders were asking for their claims when they came to know that their insurance is not sold as per the regulations. As such PPI were sold against the rules and were violating the regulations, the mis sold ppi uk and the claim process was not an easy task. The problem was very much difficult to resolve as claims were made from those policy holders whose PPI were not legal.
Finally, the regulators of the country have stepped forward to resolve the concern. They have set up an investigation team to find out the exact concern. After a thorough investigation, it was found that the complaint of the policy holders was right. Most of the policies were sold incorrectly by violating the rules. Then the lender and the banks were asked to clarify the whole issue. But their clarification was not satisfactory. When rechecked, it was found that most of policies were sold by misleading the policy holders. It has also increased the problem for the claim settlement. Then the banks which are found guilty were asked to pay the fine for such mis-commitment. They were ordered to repay for all those policies were mis sold to the policy holders.
Then the policy holders whose who were affected by mis sold PPI, were asked to file their claims. They have received the guidance to find out the entire process of the claim and the exact amount of the claim as well. Then all those mis sold PPI claims were settled as the lending bank has repaid it being found guilty. Then the policies were revised then in order to avoid such concerns further.