How Do I Claim PPI Refund
Don't let opportunity slip by!
You may have heard friends or colleagues talking about their PPI refunds, and you may be wondering: How do I claim PPI refund? For those of you who may have entered into a mortgage contract, received a Credit Card, or signed other types of eligible credit agreements within the last 10 years, there may be a great opportunity to reclaim as much as £5,000 from lenders and other financial institutions.
Why? Because financial regulators, such as including the Financial Services Authority (FSA) and the Office of Fair Trading (OFT), have found that many such institutions had miss sold or improperly advised on the purchase of Payment Protection Insurance (PPI) policies. And now, the financial watchdogs have ordered those companies to refund inappropriately collected PPI premiums.
Why, before the how!
The question many consumers are now asking is: How do I claim PPI refund? Well, in order to understand the answer to that question, you need to understand why the government is offering you the chance to collect a refund. This all steams from the way in which financial institutions sold and collected PPI from unsuspecting consumers like yourselves. When you entered into a contract: • for Sickness and illness • for Loan protection • for Accidents • for Employment protection • for Credit card repayment, or • For hire purchase repayment protection institutions selling you those products either never asked your permission to add on a PPI policy to the product, didn't explain what your rights were under the terms of the PPI policy, or blatantly misrepresented the reason you need to take on PPI. That is the conclusion of the Financial Ombudsman Service.
Subsequently, many consumers found that they really didn't need PPI. And some even found that, when they actually did make a claim against the policy, they were disallowed any compensation because of clauses in the "fine print". As a result of consumer complaints, regulators believed that there was a wrongdoing here, and have now asked the companies involved to refund many PPI policyholders.
The best way to proceed
So, in answer to your question: How do I claim PPI refund? If you are looking for an easy and hassle free way to process your claim quickly, then you need to contact a PPI reclaim specialist, and provide them some details about yourself and the grounds of your claim. These are highly trained individuals, and you don't even need to provide original documentation to back your claim.
Once you provide the initial set of information to them, the PPI reclaim specialist's team works tirelessly for you in the background, contacting your lenders, getting all the records - even from 10 years back! - From the financial institution, and proceeding with your claim. Since these PPI reclaim specialists usually work on a "No Win No Fee" basis, they only get paid if your claim is accepted. In the event that your claim is denied, you owe them nothing, except a great big "Thank you for trying"!
About the Author
Capital PPI Claims is one of UK's largest and most trusted Payment Protection Insurance (PPI) reclaim specialists. Capital Claims constantly pursues all lenders, bank, building society or loan company that knowingly mis-sold Payment Protection Insurance (PPI) without your consent. How do I claim PPI refund
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