Getting Back All Your PPI Refunds

October 4, 2016
by admin in PPI News

Every PPI claims manager understands that each PPI case is unique. Local news say that consumers can get an average of £3,500 per PPI mis-sold by their bank.

The truth of the matter is that there’s more than £3,500 for consumers who understand they incurred some additional expenses because of PPI.

Here are three steps to help you get back all your PPI refunds.

Know If You’re Entitled

Any consumer who knows that PPI was attached to any financing they applied and it had bank approval is mis-sold payment protection insurance.

If you’re mis-sold PPI, you are entitled for compensation.

If you’re not sure, check your full credit history. This allows you to read through the report nad find every type of financing you’ve ever had.

This allows you to see if you have taken out any PPI that you don’t know of.

Prepare The Paperwork

Consumers have to prove they purchased the insurance policy. Repayments and billing statements will often do the trick when it comes to paperwork.

Your original terms and condition coupled with your reason for ineligibility (such as medical certificate or discharge certification document dated before the purchase) can help you prove you were mis-sold PPI.

The Lack of Paperwork and Length of Claims

Consumers raise the lack of paperwork and the length of time to create a claim as primary issues that hamper their success in dealing with payment protection insurance.

The truth of the matter is simple — no win no fee claims management companies have special arrangements with banks that allow you to use data access requests.

This allows consumers to peek beyond the normal six-year limit banks impose on consumer documents.

The length of time to claim at this point is irrelevant if you’re using a PPI claims company. They can handle the forwarding and re-forwarding of your PPI complaint effectively.