When many individuals got finance in the ‘90s, they may happen to be offered a policy to protect their payments PPI if and when they were not able pay.

The Financial Services Authority (FSA) has ruled that lots of these polices have been in fact mis-sold, which means that you can make a PPI reclaim to acquire your money back.

But wait , how do you know for those who have a claim or not? In the event you still have a policy running, otherwise you were sold any form of PPI inside the previous six years and it's run out, you can have grounds for a claim.

You may be in a position to claim more back than six years on a policy which has ended, however , you will be needing original paperwork as sellers are only obliged to maintain records for six years. Many purchasers don't know why these were offered the plan or the seller might have told you there is no option of having it should you wanted a loan.

If you can answer ‘no’ to the following questions, you might have a case for PPI claims. Were you given the terms and conditions before you decide to agreed and that you were offered a cooling-off period?

Did the adviser make it tell you that you might continue to pay interest on the insurance premium, even after the insurance expires? (This in most cases is only five years.)

If you got a loan or finance agreement, did the adviser make it clear that you would have to pay for the insurance up front in one single transaction; or when you pay for the PPI as a single payment, did the advisor make it clear that the insurance coverage cost will be put into the loan and you would be having to pay interest onto it?

If the insurance has been optional, was that made clear to you; and did the advertiser tell you about any significant exclusion under the policy?