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As the number of mis sold PPI continue to rise, so are people seeking PPI refunds. Earning money for a living is no joke. With every pound you spend, you make sure that you get your money’s worth. That is why claiming refunds can be one of them since you are entitled to have just compensation. If you have been mis sold PPI then you could make a PPI reclaim and get all of the unfair payments you’ve made, back in your pocket. To start your PPI reclaim, give one of our experts a call now on FreePhone 0800 840 7292.
Payment protection insurances are being mis sold because the lenders easily gain large commission with PPI. Only one out of five consumers is actually being reimbursed properly when they apply for PPI claims. More often than not, the consumer’s applications are being rejected by their banks.
How to claim PPI refunds?
If you have a lot of spare time, you can process your refund yourself. However you can opt to seek out help from companies specializing in PPI claims. If you plan to do so yourself, here are three simple steps you can do.
- Write to your bank or lender that you have been mis sold with PPI. Point out the reasons clearly so that there would be no problems later on.
- Wait for the response of the bank. If you get a positive feedback and they are willing to reimburse your money in full, you can now have a goodnight’s sleep. However, not all get a positive response. Be prepared for negative feedbacks. Once this happens, don’t back down. Write back and demand that they process your request within 14 days.
- If there is still no response, you can take matters to the FOS (Financial Ombudsman Service). Almost 81% of cases, once taken to the FOS, results in victory for the claimant.
Reclaiming PPI needs a lot of perseverance and patience. To give your PPI reclaim the best possible chance of succeeding, give one of our friendly experts a call now on 0800 840 7292.