Many people in the UK are really feeling the pinch finacially and things don't appear that they are going to be any easier for some time to come. The governments austerity measures are causing real financial pain, but what can we do to ease the burden on us as individuals?

Well the answer maybe easier than you think!

If you took out a new mortgage, loan, car finance or credit card within the last 10 years then read on....

Due to errors made when selling finance products, many people are not aware that they can apply for a part of the money that they borrowed to be refunded and this includes any finance agreements that have been fully repaid, defaulted on or you are still repaying.

Sales of finance products, more often than not included payment protection insurance (PPI), which many advisers led borrowers to believe was a condition of taking out finance. Investigations by the Financial Services Authority revealed that as much as £2 Billion in loans, mortgages and credit could be affected and are encouraging UK consumers to investigate if they have been mis sold payment protection insurance.

So how could you qualify?

Simply, if you were led to believe that you must take the insurance or if due to a lack of investigation, insurance was included without checking if you would qualify to claim, then it is very likely that you were a victim of the misselling of PPI and can claim for a full PPI Refund.

How do I go about claiming back PPI?

The process is a fairly complex one and although you can apply for a PPI Refund yourself, many people are opting to use the services of a PPI Reclaims company. Many of the companies who specialise in reclaiming PPI refunds do so on a now win, no fee basis, but beware, as some make an upfront administration charge that you would not get back if your claim was unsuccessful. There are however some good guys out there, one being Claim-Compensation4U, who will contect you with claims experts who operate on a no win no fee basis and make no upfront charges at all. Simply visit the PPI Refunds website, fill in your details on the short enquiry form and they will arrange for a claims consultant to assess each valid claim that you make have, to establish if you are eligible.

Some consumers have several eligible claims and with a current average refund value of £1850, clients with two or three valid claims are receiving refunds amounting to several thousand pounds.

There is absolutely no risk to finding out if you qualify, but if you do, the refund value could be enough to pay of the balance outstanding on the finance agreement, so good news for you, you no longer have the loan, removing some of your financial pressures!

To find out more, simply visit the PPI Reclaims Website at Claim-compensation4u.co.uk by clicking the link.