PPI Reclaim – Five Good Reasons To Get A Refund

Consumers who have been wrongly sold a payment protection insurance policy have the right to claim compensation. This will result in the refund of any monies paid into the plan.

Refunds are often substantial, especially where the policy was taken out in conjunction with a loan. Many ended up with single premium policies which attracted interest in the same way as the loan.

It is important to find out if you were mis-sold PPI. Did the lender discuss the cost with you and did they tell you it was optional to take out payment protection insurance? If not, then you should certainly put a claim in.

Get help or go it alone

Whatever you decide you must act quickly because in some cases you could be time barred from making a claim.

If you want to attempt to pursue the claim yourself then you will need to know why the policy was mis sold to you and how much to claim back. This can be particularly tricky at times so you will need to set aside some time to do the calculations and read through the relevant paperwork.

The alternative is to seek paid help. Companies can handle these claims for a fee and are usually quite successful at obtaining refunds for their customers. If you’re hard pressed for time or don’t want to go through the process on your own then this is certainly a viable option.

Check that the company is regulated and that they will handle your claim without taking any money from you initially. A good company will be able to find out if the policy was mis sold to you and if so, claim the money back on your behalf.

We wholeheartedly recommend: PPI Claims to deal with your claim. They will do their best to claim back the maximum possible on your behalf.