With the recent economic
uncertainties and the rising figures in unemployment statistics, more people
are unable to live up to their promise to repay the debts. There however comes a time when this ...
With the recent economic
uncertainties and the rising figures in unemployment statistics, more people
are unable to live up to their promise to repay the debts. There however comes a time when this PPI insurance
is mis-sold to borrowers since they are unable
to reclaim PPI. Most of them
don't know how to reclaim PPI and
thus end up loosing thousands of dollars. Some people are receiving thousands back in reclaim
money. You may not have even realized that you have a PPI policy on your debt
vehicles. PPI, or payment protection insurance, is a policy that provides
payments on the loan in case the borrower cannot make the payments due to an
injury, illness, or unemployment. It is estimated that around 70% of people in
the UK may have been mis sold PPI
and are therefore eligible to reclaim, although they may not be aware of it. You
can reclaim PPI if it was mis-sold
even if the account is closed or the finance has been paid off. You can also
claim back PPI if you were unemployed, retired or self-employed at the time of
taking out the insurance. PPI has different methods of verifying if such
misfortune has befallen naturally over the borrower.
You need not worry about
reclaim PPI since there are many
genuine companies running this business in UK. These companies specialize in
PPI claims and provide best suggestions for PPI. If you choose to try and reclaim PPI on your own, the first step
that you will need to take is to write to your bank and request a refund. If the bank is unwilling to give you your rightful
money, you simply move up the chain of command, going all the way to the
Ombudsman, if necessary. Be patient and persistent as it can take up to a
year or more to receive your payment protection refund. The best option to
getting a PPI refund is to contact a reputable claims company. Getting help
from a professional company will increase the chances of your money recovery.
The online companies have many experienced professional lawyers who can help
you and the fees of these experienced lawyers are quite reasonable.
