Many customers have been mis sold payment protection insurance over the last few years in the United Kingdom. There are many situations where an individual is able to reclaim PPI due to these unfair practices. You can find quite a bit of information about this online simply by doing a search of mis-sold ppi claims. Often times customers wish to file their own claims, however, if you wish to use a company which specializes in this area, we have a few tips you should follow before you select one.

Tip 1: Check the reviews and customer feedback of the company. This will allow you to see what clients have to say about the ppi claims company, such as how they handled questions, concerns and the claim, were they courteous and did they take the time to explain and or answer all of your questions. See what their positive to rejected outcomes are, you may have to discuss this with the company via phone or in person.

Tip 2: Most PPI claims companies will not require a payment upfront, but typically will charge up to 25% as well as the VAT, of the awarded claim. This is typically called “No Win – No Fee”. You should be leery of any company that will ask you for payment up front.

Tip 3: Make sure the PPI Claims company you are considering using is actually registered and authorized to file your claim by the Ministry of Justice. The companies must have an authorization number to be allowed to legally handle these claims.

Tip 4: If you call or visit a PPI claims specialist, they should ask you quite a few questions to ensure that you are even eligible to file a claim. If they do not ask, and just say they guarantee a settlement without first making sure you qualify, you should move on.

Remember, you are able to file these claims yourself by filling out necessary paperwork, and getting all your facts together and sending them to your financial institution, and if you have to you can also file with the Financial Services Ombudsman. Also note that banks will use certain tactics such as rejecting or denying your claim. They also may make an “FOB offer” which is almost always much less than the compensation you are entitled to.

Specialists in the field of filing ppi claims for people whom were mis sold payment protection have experience on dealing with the banks. They will know how to properly file for you, as well as know what amount of compensation in which you are entitled.