
In some situations, reclaiming PPI back becomes necessary. This usually occurs when the lender has misrepresented your rights as a borrower to get you to purchase this additional insurance. If you feel like this has happened to you, it might be possible to get your money back. One thing to remember is that PPI is a good idea when you have a mortgage, just because the loan is for a greater amount. At the same time, the lender is not allowed to lead you to believe that you have to purchase this insurance through them. You have the right to shop around and find the best PPI to meet your needs. If you feel like the PPI that you have taken on your mortgage is not working for you, it is possible to reclaim your PPI back....