The same thing also happened to Alan Shutter who was called by a company calling themselves UKASH. The 54 year old was told he was owed thousands of pounds as he had been mis-sold a PPI policy, he was told all he needed to do was to transfer £150 to the company as an upfront payment and they would claim back the money for him. However when the company asked for a further £140 for tax Mr. Shutter called trading standards and discovered he had been duped. He has been unable to get the £150 back and has also been unable to contact the company that took the payment.

PC Tom Ellerby said: “It is really important that people realise very little is ever given for free, and anybody asking for money to beat a loophole in advance of a handsome payout is likely to be trying to deceive you.

Here are a couple of points to help you ensure your PPI claim is with a genuine company.

Any company informing you that you are due thousands of pounds back in PPI before taking any account details from you, is simply lying. It is impossible to know how much money (if any) you are due to be refunded without the company either seeing your copies of credit agreements or contacting the banks on your behalf after you have filled in a form with your details. Therefore avoid all companies that call claiming they already have your details and can see you have paid for PPI it is a lie.

It is illegal for a PPI Claims Company to take payment for your claim upfront and genuine companies will always work under a no win no fee policy. If a company claims to require an upfront payment do not fall for it. Payments to PPI claims companies should only be made after you have received your refund from the lender and genuine PPI companies such as ourselves will only take payment after you have been reimbursed the full amount from the lender.

The Financial Services Authority (FSA) ruled that most lenders wrongfully sold these ppi policies to their customers.  They have begun fining banks and lenders for selling policies that are expensive and offer little protection to the customers.  This is good news as policyholders who were wrongfully sold can make their ppi refunds and they may be entitled to excess payments to their lenders.

You may be eligible to make ppi reclaim for many reasons.  The most obvious is if you felt you were pressured into taking out ppi when you applied for a loan.  In many cases, you could not get your loan approved if you did not take ppi from the lender.  Other reasons may include:  you were not aware of the real cost of the policy or you thought it was included in the loan.

Trying to claim for ppi refunds is not easy.  Banks and lenders tend to deny any ppi claims made against them especially if they know one does not know their rights.  So, it is advisable to seek the help of a specialist claims management company in making ppi claims to be able to obtain the right compensation for having been mis-sold a ppi policy.

Filing PPI refund may be time consuming and also frustrating for the clients.  It’s very important to make sure that the Financial Ombudsman Services receives the entire paper work and statement claim on time since there are deadlines for referring a case to them.  Make sure that all your paper work is complete without any relevant information have been left out, otherwise the Financial Ombudsman Services will return them and will ask you to send your own PPI claims once again.

A lot of banks United Kingdom has put the PPI on hold because these major banks feel that they didn’t do anything wrong and didn’t want to admit that they have scammed clients.  This action of the banking institutions has caused significant delays of PPI claims, specifically at the Financial Ombudsman Service in which there are a lot of problems waiting to see what the next move is.

The Financial Services Authority (FSA) has given the HSBC extra time to deal with a backlog of mis-sold ppi complaints from their customers.  The FSA had also given the same to other high street banks, such as Lloyds, Barclays and RBS earlier this week.   Normally, banking institutions would have to deal with mis-sold ppi complaints within eight weeks.  However, due to the increasing numbers of mis-sold ppi refunds and other complaints from the bank customers, firms need extra time to deal with each customer’s complaint to make sure that every case is being handled properly.

Thousands of complaints were put on hold during the recent High Court hearing and now they must be settled by the end of August this year.  New complaints received since the end of the judicial review on the 20^th of April, but received before the 31^st of August must be dealt within 16 weeks upon filing.  Ppi complaints received after the end of August but before the end of this year can be dealt within 12 weeks.  From then on, the normal eight-week procedure will be applied.

According to the FSA, the arrangements extend the time periods of HSBC to deal with their backlog of stayed mis-sold ppi claims and other ppi related complaints and the high volume of new complaints on ppi and have been put in place to make sure that the financial firms are able to handle the mis-sold ppi complaints of their customers properly.

1. First you need to find out if you have a PPI policy, you can find this out by looking at the original paperwork for your loan. If you can’t find it, you can request a copy from the lender.

2. While there, also request a copy of your PPI policy’s terms and conditions if you can’t find them and be sure to ask for the original T’s & C’s at the time of your agreement as terms can change.

3. Once you know you have a policy, you can establish how much it’s costing you and whether you’ve been mis sold by speaking to one of our team on 0800 840 7292 or have a chat with an industry expert.

So, there’s three simple steps that will help you find out if you have a policy, if it was mis sold and how much you may be owed. Go do it now! Or if your prefer, we can take care of it all, from requesting paperwork to chasing your lender and securing a payout. Sound good? Get started now…

If you have such conditions or if you are caught by this issues then go right ahead and reclaim credit card charges now. Anyone who has been caught up with those controversies and paid the full amount are entitled to reclaim their money in full with interest and compensation added. With full legal process, a legal solicitor would be needed. To give your PPI reclaim the best possible chance of succeeding, give one of our friendly experts a call now on 0800 840 7292.

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.

To give your PPI reclaim the best possible chance of succeeding, give one of our friendly experts a call now on 0800 840 7292.

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.
To give your PPI reclaim the best possible chance of succeeding, give one of our friendly experts a call now on 0800 840 7292.

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.

To give your PPI reclaim the best possible chance of succeeding, give one of our friendly experts a call now on 0800 840 7292.

Anybody who takes out a loan, credit card or mortgage will quite sensibly have one eye on the future and will probably have a contingency plan in mind in case something does go wrong. The beauty of Payment Protection Insurance is that it gives people the peace of mind knowing that in the event of redundancy, ill health or an accident preventing them from working, that their loan, card or mortgage will still get paid.

However, due to the massive amounts of money made by the banks from the sale of this cover, this has led to many innocent people being mis – sold ppi as aggressive salesperson have sold it to people who didn’t want it, ask for it or meet the criteria to benefit from it!

Examples of mis – sold include the client being told that they would stand more chance of being accepted for the loan or card if they took out the insurance. Another example of mis – sold PPI is where it has been given to a person. Also, this type of cover may have been added to peoples loan or credit card agreements without them even knowing about it! People are being encouraged to check their loan, card or mortgage statements and they find this cover on there then they have been mis – sold PPI then they can make a claim with UK Money Solutions to obtain a refund of all the money paid towards it.