Can I Claim Payment Protection Back
In recent years, the amount of PPI claims has dramatically increased. This was caused mainly by lenders mis- selling payment protection. In trying to get a refund, many policy holders went to the payment protection companies to file a PPI claim and they were told to file against the lenders. When the borrower went to file a claim against the lenders 85% of the time they were denied thereby needing to file a PPI reclaim with the Financial Ombudsman Service. The Financial Ombudsman Service only honors claims filed with the original documents. With a so much confusion surrounding the PPI claims process, a large majority of borrowers are preferring to enlist the services of PPI claims companies.
How to Find a Good PPI Claims Company?
With so much controversy surrounding PPI many people that are looking to get a PPI refund do not know where to go. Some policyholders did not even know that the lenders are the ones who are in the wrong in regards to payment protection. Most borrowers think the payment protection companies are the ones at fault. In actuality, payment protection companies are a whole did not know the services were being mis-sold. Lenders were the ones who sold payment protection policies in a manner to which the payment protection services were sold to individuals who would never be able to use the coverage. It is easy to see why so many borrowers were confused. Luckily for policyholders there are PPI claims companies who have experts staff on hand who have seen all the tricks of the trade regarding PPI.
What Is a PPI Claims Company?
A PPI claims company is a company who works on behalf of borrowers that have been sold payment protection insurance unethically and want a refund. Many of the claims companies are able to give people looking to get a refund estimates as to how much money they can receive with just a little basic information. Also, a good percentage of PPI claims companies do not charge a fee on the services unless they have gotten the borrower a refund. Many times these companies can start on a claim within 24 hours and get a refund in as little as eight weeks. If you have been a victim of PPI and want to reduce the risk of being scammed again it is best to employ the services of a PPI claims company that has been certified by the Ministry of Justice because the Ministry of Justice will make sure that the PPI claims company abides by the rules and regulations set forth for PPI claims companies.
What Can a PPI Claims Company Do for Me?
A PPI claims company that has been certified by the Ministry of Justice is expert in what they do and can normally answer these questions to the satisfaction of the borrower.
- Can I claim payment protection back if I was married at the time of the policy?
- Can I claim payment protection back if I was unemployed at the time of the policy?
- Can I claim payment protection back if I wasn't told about how much payment protection cost?
- Can I claim payment protection back if I wasn't advised by the terms and conditions?
- Can I claim payment protection back if I was pressured into getting payment protection?
- Can I claim payment protection back if I wasn't told payment protection was optional?
Belmont Thornton would be happy to answer each and every one of those questions. To speak with a claims specialist call 0207 471 2000 today.
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