Advice on PPI Insurance Claims

Mis Sold Payment Protection Claims

The term 'mis sold payment protection' means that the PPI protection policy fee that was charged on top of the borrowings was not known to you at the outset or was misrepresented.

Common grounds for PPI insurance claims in the UK

• You never knew that you taking out a payment protection insurance policy
• You were told that a PPI was mandatory.

Either way, if a PPI is missold then the PPI seller are bound to return your money back and provide compensation

How to start the process of PPI insurance claims.

• Please note that the PPI claims process is lengthy and the banks and lenders who missold the PPI try to stretch the process as far as they can.
• If you are proactive and have the correct supporting materials and policy documents then you will be in a good position get a PPI insurance claim in.
• You have to identify the PPI seller and write back to them explaining the situation and why you think the PPI policy was missold..
• More often than not the PPI sellers reply back stating that everything is fine and they find nothing wrong from their side.
• Some PPI sellers may simply refuse to answer.

FOS (Financial Ombudsman Service) to aid PPI insurance claims

Your next step to reclaim bank charges is to contact the FOS (Financial Ombudsman Service) explaining them the whole situation and asking them to persue a complaint.

The FOS take complains very seriously and evaluate them in light of the documents that you have provided them as proof to justify your claim. They contact the bank or financial institution to get your PPI insurance claims evaluated.

Using a PPI claims lawyer or solicitor

Some customers who have been missold PPI insurance appoint a PPI claims solicitors or PPI insurance claim specialist. These professionals know the loop holes of the process and can anticipate all routes that the financial institutions can take to avoid admitting a wrongdoing.

When appointing a PPI claims specialists you need to keep one thing in mind. There are different modes by which they claim their fees:

• Sometimes they ask for a particular percentage of the PPI insurance claims, or at other times they may also ask for some lump sum.
• There are some agencies which do not take any fees directly from you.
• They recover their fees from the financial institute itself. This last variety is the most useful one as you will never be charged in the whole process.

If you’re not sure what do to next – get in touch with us. We should be able to sort out which company is involved and pursue then for compensation.

• 'No Win - No Fee' Service and No Upfront Fees
• Expert friendly advice
• We will handle your case from start to finish

Click here to complete your PPI Claim Form