three fingersPPI, also known as payment protection insurance, is a policy that was sold by banks and loan companies when you took out a mortgage, credit card, or loan. However, it turns out that the vast majority of these policies were mis-sold, which means you might be entitled to get your money back.

Keen to find out more? Here are 3 tips for reclaiming mis-sold PPI…

PPI company

Without a shadow of a doubt, then best way to get every penny that you are owed is to contact a mis sold ppi company online or offline.

These companies have teams of experienced professionals, or are used to dealing with financial institutions on a clients behalf.

If you want to reclaim your mis-sold PPI in the shortest amount of time possible, and with the least amount of hassle and frustration, then this is definitely the way to go.

Go it alone

Maybe you don’t like the thought of hiring a PPI company, and instead, you would prefer to go it alone? If this is the case, then you will need to send a letter to the bank or loan company who mis-sold you the PPI policy.

Luckily, there are a number of template letters available to download online, so you won’t have to start from scratch. Just be aware that following this route is not always straight forward. You could find yourself sending letters back and forth with the banks for months on end until you see a successful resolution to your case.

For this reason, we recommend that you only go it alone if you have some knowledge about the subject, and you also have a lot of spare time on your hands.

How much could you be owed?

Recent statistics have shown that the average PPI claims payout is for £3,457. This means that you could be due a nice little windfall, and it will certainly make your life easier during these tough economic times.

Do you want to find out how much money you might be owed? If so, then we highly recommend that you use a PPI calculator which can easily be found online. This should give you a more specific number, so you are able to see whether or not your claim is worth pursuing.

Conclusion

Don’t let the banks and loan companies get away with it. They have been stealing your money for long enough, now it’s time to get your own back. Don’t delay another second…reclaim mis-sold PPI today!