Derian House

Whenever a product is mis sold then the money you paid for it really can be considered to be ‘overpaid.’ This is why you will commonly hear UK consumers referring to filing a claim on overpaid payment protection. However, there is another way of looking at it as well. One of the reasons why many financial advisors recommend that you don’t purchase this cover is because only 13% of all people are usually eligible. So many people who were coerced into Barclays PPI by their lenders try to file Barclays PPI claims for repayment assistance and are denied. Upon closer inspection they were never eligible and should not have been sold a policy. This means that every last pound paid into Barclay PPI was overpaid and should be claimed back.