Switch the television on nowadays and, during the commercial break, you will almost certainly be asked the following question – were you mis-sold Payment Protection Insurance?
There are plenty of financial organisations out there who are confident that they can discover whether you were a casualty of either over-zealous marketing or possibly a victim of deceitful tactics in extricating your money. Whatever their intention, we are all being convinced there is something sinister going on. Now is the time for all of us to submit our PPI claims.
Payment Protection Insurance (PPI) was introduced to offer those customers taking out products such as loans and credit cards with assistance should they find themselves unable to repay their debts because of illness or redundancy. The big issue at present is that many of these insurance policies would not be of any use were you to subsequently fall into difficulties with your repayments.
To say PPI was a common financial product offered to customers is an understatement. It is estimated that around twenty million policies were sold by bankers in the past. Since the onset of a wave of PPI claims being submitted by customers, over £122m has been successfully claimed back.
The idea of making a claim initially seemed daunting to the average person in the street. That is why there are many organisations, known as ‘claims management companies’ or CMCs, who will do all the detective work for you and submit the claim on your behalf. However, what you will need to do first is to supply some information to the CMC so that they can ascertain whether you have a good chance of receiving your money (plus interest) back.
Be aware that the company you choose to handle your Mis sold PPI claim may charge you a percentage of any money refunded to you. Finally, be suspicious of any company that asks for an ‘up-front’ fee before they proceed with your claim.
PPI, otherwise known as payment protection insurance has been mis sold to many consumers over the last decade. Banks have been ordered to set money aside to compensate consumers who have been mis sold ppi. Using a ppi claim calculator will help you to estimate what refund and compensation you will be awarded in the event of a successful claim.
If you have ever taken out a loan, mortgage or credit card, you may have been sold a ppi policy. PPI has been controversial due to the insurance policies never actually being valid and they were certainly not needed as an extra policy. PPI was forced onto consumers who were told that they would be unlikely be successful in their application were they not to subscribe to the insurance policy. Checking this information can easily be done by looking at the original credit agreement. If you have an old statement with your account number on, then you can contact the lender and have the original agreement sent to you. By law, the lender has to provide a breakdown of your payments. Once you have ascertained that you have been mis sold ppi, then you can use a ppi claims calculator to work out your refund. You can either do this yourself, or use a claims company who specialises in ppi claim refunds. If you use a company, they will handle your claim and likely your claims handler will take a portion of your award for their fees. The benefits of using a claims handler is they will negotiate on your behalf. However, it is possible to claim yourself and keep one hundred per cent of the compensation.
Use a free ppi claim calculator online to get you started. Millions of consumers have been successful in gaining a refund. This money is rightfully yours if you have been mis sold ppi. Get started with your claim, don’t miss out on money that was mis sold.
Many of the banks have, over the recent years, made their customers pay an additional insurance that they have not been eligible for. That is known as the Payment Protection Insurance (PPI), and it insures that the borrower would be able to make the payments on his loan even if he becomes sick or unemployed. The PPI, however, has, in some cases, been sold to customers who do not cover the eligibility conditions. Therefore, many have started seeking compensation. Knowing that compensation can only be received through a claim, most have turned to the helpful and easily accessible PPI claimline.
If you are a person who is not sure how to properly file a PPI claim by himself, you should seek the help of a specialist. Do this because there have been cases where people have not filed their claims properly and have, as an outcome, received a very small compensation. But you can avoid being one of them by simply consulting knowledgeable and experienced specialists. They can guide you through the whole PPI claim process and, in the end, bring you a sizeable compensation.
One way to quickly and effectively consult a specialist, without having to rely on internet software, is to call a PPI claimline. You will be able to get in touch with a knowledgeable person in a matter of seconds. Then, it is only a matter of sharing information about your present circumstances and explaining the details of your mis-sold PPI. The specialists will give you advice about how you could proceed and how to properly file your claim. Moreover, they would even be able to give you an approximation of how much you could get back.
Even if you know you can file a proper PPI claim, you should, at least, consult a PPI claimline. It will cost you almost nothing, and yet it can bring you a huge profit.
With £9 billion already paid out in compensation for mis-sold PPI, many people are wondering if they too have grounds for a claim. Some people will never begin the claims process, and one of the most common reasons for this is uncertainty over whether they ever had PPI.
Speaking to a professional PPI Claimline can help you to establish whether you can get a refund. Even if you have lost your policy documents, a PPI expert can talk you through the process of recovering the necessary information about your Payment Protection Insurance.
PPI Claimline consultants can also answer some of the common questions concerning compensations, such as:
- How much can I reclaim?
- Was my PPI policy mis-sold?
- Is my policy too old to claim against?
- Can I claim against more than one provider?
- How long will my claim take?
Am I still entitled to a refund if I have previously claimed against my policy?
By establishing this information in advance, you will strengthen the basis of your claim and increase the chances of receiving a sizeable payout. Official figures from the Financial Ombudsman service show that you have a greater odds of winning compensation if you seek professional help in lodging your claim.
PPI Claimline consultants are experts in the difficult, complex reclaim process and they will be able to talk you through the process from beginning to end. Once you’ve spoken to them and confirmed that you have grounds to proceed, they will take up the responsibility of beginning the legal challenge and winning back what’s yours.
It doesn’t hurt to call. If you think that you might have been mis-sold PPI in the past, just pick up the phone today and ask a PPI claim line if you can get a refund.