Payment Protection Payback
According to The Guardian, at least 6,000 new workers will be hired to handle the massive number of payment protection payback requests that are literally flooding lenders throughout the UK.Since there are such large numbers of applications for payment protection payback it has become necessary to increase the workforce, at least temporarily. This is just one indication of the magnitude of the PPI scandal that has affected millions of UK consumers.
Payment Protection Payback in the News
If you have been following the news of late you may be wondering if you have been mis sold PPI on a loan, a new credit card or even on a store card that you have taken out within the past 6 to 10 years. A good rule of thumb for quickly determining this without actually examining your loan documents is by thinking about what you are paying. If your payments seem to be inordinately large for the amount of money you borrowed, there is a good chance that you have been paying PPI without even knowing it!
How to Apply for Payment Protection Payback
Unfortunately, the news is only reporting the problem and perhaps a bit of information on what the government is doing to correct the situation but little is being said on how to actually make a PPI claim. Some people go directly to the lender that mis sold the PPI while others are immediately contacting their solicitors. These are the only two choices most people are aware of. There is actually another way to apply for payment protection payback that doesn't require an upfront fee and would take your PPI claim through the entire process for you.
If you would like help with your mis sold payment protection insurance claim contact Belmont Thornton at 0207 471 2000.
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