Do you believe you were mis sold payment protection insurance in the United Kingdom? If you have, then you might qualify to file a PPI claim. Many people have chosen to utilize professional claim specialists; however you do not need to and if you chose you can file on your own.

Payment Protection Insurance (PPI) has been mis-sold to many clients over the last few years in the United Kingdom. Many customers were sold this insurance without their knowledge, without all the necessary facts, or were forced into buying it when taking a loan or getting a credit card.

There is quite a bit of work involved when one needs to start their claim, of course many people don’t mind and chose to file their claims on their own. There are numerous online resources where the person who wants to file their PPI claims can get form templates, contact information and address, etc. Unfortunately, once they send in their forms they are soon met with a denial or rejection on their claim from the lender. Of course this puts many people off and they feel they cannot go any further so they drop their claim, settle on a FOB offer or might decide to speak with PPI claims specialists and have them take over, and some will continue to pursue it on their own.

We have put together a small list of the why it can be beneficial to use a professional, since many people ask the question, “Why should I hire a professional agency to make a PPI reclaim for me?”

1. They will know if you are really eligible to reclaim funds that were spent on payment protection insurance.

2. They are experts in their field and know all the ins and outs and how to follow protocol. They know the right paperwork which needs to be filed, and know the best tactics to pursue.

3. A good firm will be able to calculate the correct amount of compensation in which you could be owed.

4. They will do all the paperwork and data collecting, as well as have all contact with the lenders and financial institutions.

5. They will not charge an upfront fee. What this means is you do not pay unless they are able to collect compensation for you.

In any event it is up to the individual if they wish to go about the PPI claims process on their own or to have a firm act on their behalf. Either way if you feel you are owed compensation for payments you paid for payment protection insurance you must act as soon as possible.