There are many ways in which you may have been mis-sold a PPI policy and, if you were mis-sold your policy, then you have the right to pursue payment protection insurance claims. Millions of policies are believed to have been mis-sold and the total bill faced by banks, building societies, and other lenders continues to grow. They have now set aside more than £16bn between them and this continues to rise. Before you can make a successful claim you should determine whether you were potentially mis-sold the policy in the first place.One of the most common reasons for payment protection insurance claims is that people were told that they had to take out the policy in order to be offered the loan or mortgage that they were applying for. Payment insurance was meant as a beneficial product and was a voluntary financial product that was meant to be offered alongside loans and other forms of credit. Forcing consumers to take the policy out in any way was a form of mis-selling and one of the reasons that you may be able to reclaim the money you paid.Similarly, banks mis-sold policies by not informing buyers that they were including payment protection within their loan. The policy should have been sold separately and it should have been clearly explained that you were being offered payment protection. Hiding the policy within the main loan repayments was another form of illegal selling and if you have any policies that were sold to you in this way then you can submit payment protection insurance claims to your lenders to get the money back.PPI is not a useful product for all people. Most policies will not meet repayments for those that are self-employed or have part time jobs. If you were close to retirement age when the policy began or you worked for groups like the NHS or the Armed Forces then it is unlikely that you would have been able to claim through your policy and this is another clear case of mis-selling that can lead to you being able to reclaim money.Check your mortgage or loan documents and policy details to determine how much you have been paying towards payment protection and for how long you have been paying it. This will help determine the size of your Payment Protection Insurance Claims and it will help you decide whether you believe it is worth pursuing. In reality, the claims process can take time but it can be relatively simple – you could be hundreds or even thousands of pounds so it is definitely worth considering.Payment protection insurance claims vary in size according to the length of time you have been paying and the amount that you have paid on a regular basis. You should also be due interest on this total so that even a small monthly payment over a number of years could lead to a considerable refund value. The first step is to check your paperwork and, if you don’t have the necessary documents, to request them from your lender.