PPI Claims – Start Your PPI Misold Steps Today

Mis-selling of PPI is definitely wrong but unfortunately the practice of misspelling of these Payment Protection Insurance policies show no signs of slowing down. A lot of people in the UK have been tricked by banks and financial institutions because the policy was either sold to them without their knowledge or they were tricked into buying the same because the sales staff furnished them with false information. Nevertheless, whatever the reason, if you have been mis-sold such a policy then you should get started with your PPI claims today itself. PPI Claims

The early bird gets the worm – this phrase is particularly true in case of PPI claims because starting early in this process definitely has its advantages. One should never put off until tomorrow what can be done today. When it comes to the feat of claiming refunds on mis-sold PPI policy, there is a lot of help available out there. You can gain easy access to free tools like PPI calculators, guide on how to claim back PPI, free advice from experts and so on. Therefore, since things have been made so easy for the average individual therefore why wouldn’t he/she want to start off early on the road to claiming the rightful refund on the mis-sold policy?

The first step that you need to take if you want to start your PPI misold steps is that you need to gather proof denoting that the policy has been mis-sold to you. Once you have the proof, it is time to decide whether you are confident and skilled enough to tackle this task on your own or whether you’d like an expert and reputable claims specialist to take on the task on your behalf in return for a fee.

Whatever step you choose, remember that the earlier you start, the better are your chances for obtaining successful PPI claims. Moreover, the relevant authorities or bodies also pay more attention to fresh PPI mis-sold cases as opposed to old ones.

As a result of you taking out a loan or credit card, you may be suffering from debt problems. These debt problems could be solved with the help of a debt consolidation loan amount, which is will leave you with only monthly amounts to pay.

Posted in Refund Claim

PPI Claims Step by Step Process

PPI mis-selling scandal in the recent times has been immensely publicised, by numerous media houses across the globe. New emerging companies are offering to offer their services in claiming back mis-sold policies owed to their clients by financial lending institutions. Numerous people are not aware that applying for ppi claims is an easy process that a person can perform for himself. There are various key steps that a person can follow when seeking a ppi refund.ppi claims

Step 1: Checking if you have a policy
This is performing by checking all loans paperwork to deduce if PPI policy information was included in the statements. In some instances, it could be reffered to as loan protection, credit insurance, or even repayment insurance. If still not sure about the status of the policy in the loan statements, a person can contact the concerned bank for clarification.

Step 2: Checking if a PPI Policy was mis-sold
A person should ascertain from his or her loan statements whether his or her policy was mis-sold. There are various reasons why it would have been mis-sold. For instance, an individual may have been coerced to take the policy as it was issued alongside the loan. It was not made clear during the application period that the ppi policy was optional.

Step 3: Making a personal PPI refund claim
Apply for ppi claims is a remarkably easy process. There are numerous companies, which offer their ppi refund claiming back services for a small charge. Nevertheless, it is always advisable to file for a refund personally.

Step 4: Filing a Complaint to the lenders
It is always advisable to notify the lending institutions about the imminent mis-sold ppi claims. This way, the financial lending institution can offer viable advice, which can be entirely profitable when seeking a ppi refund.

Step 5: Contact the Financial Ombudsman services
This is considered to be the final result after all other attempts of seeking ppi refunds fails.

Posted in Claim Back PPI