It's become a commonly known fact that payment protection cover has been widely mis-sold throughout the UK. PPI claims are something of a given if you want to get your money back. However, there are several things that you need to know before you proceed with a claim and it's important that you talk to your lawyer or solicitor about these things.

Firstly, there are many different types of payment protection insurance. When making PPI claims you can actually claim for any of the following:

MPPI (Mortgage Payment Protection Insurance), Premium Protection Insurance, Accident Sickness and Unemployment Insurance, Accident Sickness and Redundancy Insurance, Premium Protection Insurance, Income Protection Insurance, Mortgage Payment Protection, Mortgage Payment Insurance, Loan Protection Insurance, Credit Care Insurance, Credit Care.

They actually all mean the same thing. They're all just different terminologies used to describe exactly the same thing. If you've ever had a loan or a credit card, chances are there was some payment protection included which may have been mis sold to you. The policies are usually over priced and most of the time they don't offer you the protection that you really need.

Unemployment cover for example is something that a lot of people would love to have but usually it doesn't actually work out quite the way you were hoping, should you ever be unemployed. A lot of the time, the terminology in these policies is written in a way that not everyone understands and that's a big problem.

Just remember to talk to your lawyer before you make any claims so that you can fully understand the process and what will be involved. A lot of people are unaware that they even have PPI claims to make so it's worth seeking free legal advice if you're unsure.

The important thing to remember is that you are, most of the time, entitled to make a claim and you will usually get all your money back, minus the fees payable to your lawyer. You should also make sure that you're aware of the fees upfront and consider the possible outcomes before your proceed with PPI claims.