Many clients tell us that they’re pursuing a PPI claim more and more because people are finally discovering that they’ve been mis-sold PPI. And it’s important to ensure that you’re undertaking the right company to commit to, challenge and reclaim your PPI with the minimum of fuss and support you in your needs to ensure that your PPI is reclaimed and you can move on with your life.
Three steps to a PPI claim
- Find your paperwork – if you’re looking into reclaiming your PPI, the first thing you need to do is find your paperwork. It’s not impossible without it, but if you don’t have it, you may need to apply to your bank or loan issuer, credit card or store card issuer to receive it.
The sooner you do so the better – even if your loan or card is already paid in full.
- Send back your paperwork to the company you choose – once you’ve got your paperwork, send it off to the company that you’re using and make sure they can work with it. You may have to provide information as to why you’re reclaiming PPI, which could include being mis-sold it in various ways. In some cases you may not even realise you were paying PPI, so you may want to check your loan paperwork even if you’re not sure.
- Complete the claim – in many cases the claims complete without a hitch, and the banks settle for the money they’ve charged for PPI, but results do vary. That’s why it’s vital to choose a company with the most appropriate track record and ensure they’ve completed PPI claims in the past.
Choosing a company with a track record for success is vital to ensure your claim is progressed appropriately so work with a group that you can trust and have a good track record to ensure the process goes smoothly. Be sure you know of the fee structures they may ask and always be aware of the rules that surround PPI claims, as well as asking if reclaiming would affect your account, if it hasn’t as yet been paid off in full. Many people are concerned about this and your advisor can tell you what their company has experienced, where appropriate.
Don’t worry about your PPI claim – especially if you choose an expert to complete it for you. You’ll always be in safe hands if you pursue it through a company with a good track record.