If you are living in the UK you have probably heard about the mis-selling of payment protection insurance. What you might not know however is whether or not you can claim back PPI.
Most recently lenders abandoned their high court battle against the refund of payment protection insurance and have simply decided to set aside provisions to compensate consumers who have been mis sold this costly insurance.
It is estimated that there are as many as 31 million mis-sold PPI policies in the UK. If you were sold PPI that you did not need, want or ask for you can claim back PPI. There are many ways in which you might have been mis sold PPI and seeking professional assistance in finding out if you are a victim of mis-selling could be beneficial. Lenders are currently refunding billions of pounds to anybody that was mis sold this costly insurance.
If you feel you were wrongfully sold PPI you should look to get a free no obligation review of your case by contacting a claims management company. If they uncover mis-selling they will look to reclaim all premiums made into the policy plus interest calculated at 8%. Many consumers look to appoint a claims management company not only because this is their field of expertise but because it eliminates them from having to worry about the case and dealing with lenders. Claims management companies have been in existence a number of years now and they have fine tuned their process to make it as simple and straight forward for consumers as possible. If looking to use the services of a claims management company ensure that they offer the following benefits:
A free no obligation review of your case
A no win no fee reclaim service
A service which doe snot charge any upfront fees or charges
No cost for unsuccessful claims
UK based office
Personal claims handler
Ministry of Justice regulated
If you find a company that ticks all of the above boxes you can rest assured that they are a reputable company. It will not do any harm however to contact their claims department to get a clearer understanding of their company and how they operate. When speaking to a member of their claims team you should ask how their process to claim back PPI works. Do not be afraid to ask questions and put any reservations you may have to the company. At the end of the day, they are looking for your business and are offering a service tailored to your needs.