Now is a good time to put in a ppi reclaim. The banks are trying to fight back against the consumer by failing to pay out for mis sold payment protection insurance. However, the consumer shouldn’t go down without a fight because it is still possible to make a claim for mis sold PPI.
Sometimes you have to be patient and resilient in order to get your money back but this perseverance will pay off in the end. Don’t let up and make sure that you go all the way with your claim. If the bank denies the claim then usually you would have the right to refer the matter to the Financial Ombudsman Service. This is a free service so it won’t cost you anything extra to find out if you can overturn the bank’s decision to reject the claim.
Successfully pursuing ppi claims is all about knowing why the policy was mis sold to you and what your rights are. There are a large number of reasons why the payment protection plan may not have been suitable for your needs. All you need to do is pick out at least two or three from this list and then set about making a claim.
It is helpful to know when you took the policy out, how much you borrowed and the term of the loan as well. It is also useful to have a copy of the credit agreement and this can usually be obtained from the bank by putting in a request in writing. Sometimes you might have to pay a fee in order for them to release these documents but it will be worth it in the end.
It’s time for the consumer to get back what is rightfully theirs. If you feel that you can’t handle this yourself then you can always contact professional help to reclaim this money on your behalf. They will usually handle the claim on a no win no fee basis which means that you shouldn’t need to part with any money in order to claim your cash back. Very handy, we think, because consumers may be struggling for cash in these difficult times.