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How to Reclaim PPI – Don’t Do It The Hard Way!

business guyIf you are thinking about reclaiming PPI, then you basically have two different options.

Firstly, you can try contacting the banks by yourself. There has been a lot of information about taking this route on blogs and forums recently, and you can also find many different PPI templates and letters to use.

While this is definitely the cheapest way to reclaim PPI, it is also the most time consuming. At the end of the day, you could end up spending months of your time going back and forth with the banks, getting nowhere and going round in circles.

It’s an unfortunate fact that the banks have become harder to communicate with just recently, and if you have no experience of doing this kind of thing before, then expect to keep hitting brick walls.

This can leave you incredibly frustrated, and you might even start wondering if reclaiming PPI is really worth the effort.

The next option you can use to reclaim PPI is to hire a specialized company to represent you. This has become the most popular option of late, for one simple reason…they do all the hard work!

This means you can get on with your life and forget all about PPI. No writing letters and communicating back and forth. No sleepless nights. No being messed around.

Best of all, these PPI specialist companies have teams of staff who know exactly how to get you a settlement in the least amount of time possible.

With this in mind, you could be getting a check in the mail within the next few weeks! That certainly sounds a lot better than waiting for months, or even years, to get the money that is rightfully yours.

So how do you find these PPI specialist companies? The best way is to do a search on Google for “reclaim PPI” or other such search terms. You will come across companies such as PPIClaimsHelpline.org and many others, and then it is just a simple case of filling in a short form and waiting for an expert to call you back.

They will ask you some questions about your situation once you are on the phone, so they can determine whether or not you actually have a case. If you do and you are happy for them to proceed, then expect them to contact the banks on your behalf immediately.

These PPI companies don’t mess around, and their main goal is to get you the money that you deserve as quickly as possible.

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Thinking of Hiring a PPI Specialist Company? Avoid These 4 Mistakes

Failure signAlthough you get to keep 100% of the money if you Reclaim PPI by yourself, the vast majority of people decide to use the services of a PPI specialist company.

Why is this?

Quite simply, it has a lot to do with time. You see, going back and forth with the banks can be a very time consuming process, and for many people, there are just not enough hours in the day.

With this in mind, it’s no surprise to see that PPI specialist companies are currently very much in demand.

It’s not all straight forward though. If you are thinking of hiring a PPI specialist company then you should look to avoid the following 4 mistakes. Failure to do so could result in you getting ripped off or having an unsuccessful claim.

Paying money upfront

There are some companies out there that require you to pay an upfront fee before they start to process your claim. While this might seem like a reasonable request, in reality it is mostly just a scam.

Thousands of people have reported paying upfront fees to bogus companies, only to never hear from them again. In order to avoid making this same mistake, never pay any money upfront.

Paying too much

The majority of PPI specialist companies work on a no win no fee basis. In simple terms, this means that they only get paid if they win your case.

It’s standard practice for these companies to take around 25% of your total settlement, so if you win £4000, then they would take £1000.

If you end up being charged more than 25%, then you are paying too much, and you should look for another company to represent you.

Using unlicensed companies

In the UK, all PPI specialist companies must be fully licensed by the ministry of justice. If they don’t have a license, then they are breaking the law.

You can check to see if they are licensed by asking for their reference number and then looking for this number on the official site of the ministry of justice.

Dealing with inexperienced staff

Any legitimate PPI specialist company will make sure that their staff are trained to the highest of standards and have plenty of experience in winning cases.

Don’t be afraid to ask questions when choosing a company to represent you, so you can make sure the staff are qualified and experienced.

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Claim Back PPI Before It’s Too Late!

Claim Back PPI Before It’s Too Late!

The clock is ticking on PPI. Over the last few years the banks have paid out millions of pounds to people who were unlawfully sold payment protection insurance.

Are you next?

If you have taken out a loan in the last 10 years then there is a good chance you could be owed some serious cash. At the end of the day, why should you let the banks get away with it? That money is yours, and it should be sent back to its rightful owner.

To see if you have a claim, the best way forward is to contact a company who specialises in these matters. For example, a company such as fastppiclaims.org have many years of experience dealing with the banks and getting people just like you all of their money back.

Warning!

The PPI goldrush will not last forever. There has already been talk about the fact that the banks won’t have to pay back the money for much longer. In order to make sure you get everything you are owed it’s essential to act now.

Info about PPI

Payment protection insurance was supposed to be a policy which protected you in the event of an injury or illness. Quite simply, if you were unable to work, then this policy would cover your repayments until you were back on your feet.

However, in true bank fashion, the terms and conditions of the policies had so many loopholes that they were basically not worth the paper they were printed on. In other words, they were scams designed to part you with your money.

Luckily, the banks were found out eventually, which means their little “cash printing” party is now completely over. Now it’s your turn to get even, by claiming back every single penny that they stole from you.

Don’t do it alone

Although the banks are required by law to pay you back your money, there are no laws which state what kind of time-frame they must do this in.

With this in mind, you can be sure that if you try to claim back PPI by yourself the banks will use every delaying tactic in the book.

Do you really want to spend months of going back and forth trying to get your money back? Haven’t you got better things to be doing with your time?

At the end of the day, dealing with banks is a painful experience, as they are masters of giving people the run around.

Instead, hire a PPI expert to work for you, so you can sit back, relax, and wait for your money to be sent.

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