Identifying if you have been mis-sold ppi can be tough to people that do not understand what a ppi policy is.  Payment protection insurance policy or ppi policy is taken out to protect the monthly loan repayments of the policyholders when they are not able to work.  However, you will find circumstances where in the policy could be useless to the people.  
If any of the statements below is applicable to you, there’s very chance that you may have recently been mis-sold ppi policy.

1. If you were not sure what ppi was and did not ask for it, but it was added to your finance at any rate

2. If the salesman implied ppi was compulsory or that by taking out the cover, and you were told that you would have a better chance of obtaining finance, then you may have been mis-sold ppi and could be eligible to make a claim.

3. If you’re not made aware that ppi was an optional insurance or that you could purchase the cover from other suppliers other than the lender, chances are, you may have a mis-sold ppi policy.

4. Mis-sold ppi also can happen if you were unemployed, retired, or self employed when you took out the policy.

5. If you had an illness or injury and you know you could be kept of from working in the future, and you informed the sales representative about this, yet they still sold you the ppi, then it was a mis-sold ppi policy.

6. If the policy exclusions are not pointed out or discussed to you, the terms for cancelling the cover or significant exclusions such as stress and back problems weren’t correctly explained, there is a great chance that you may be able to make a claim because you are actually mis-sold ppi policy.

7. If the payment protection insurance was forcibly sold to you, to the point where you felt you could not say no to the cover, but the sales representative didn’t give you a chance, you also have mis-sold ppi case.

If you feel you might have been mis-sold ppi then you’re a victim of ppi mis-selling.  A victim of mis-sold ppi is basically someone who has been sold the insurance policy when they didn’t need it or when it was not suitable to their circumstances.  Payment protection insurance has been offered to those who did not need it and could not make a claim on it when they needed to.
Mis-sold ppi is a widespread problem today all over the Uk.  Everyone was at it, it was too much of a money maker for a lender not be at it.

 Many major banks and lending companies were guilty of mis-selling to customers who did not need the insurance, selling to customers for whom the insurance wasn’t suitable and using unscrupulous methods to sell it to clients who had been simply not aware they were taking out an insurance policy.