Reclaim PPI Charges
Lenders think nothing of scamming their customers with mis sold PPI insurance that provides little cover and costs literally an arm and a leg but they are sure slow at giving their money back when challenged in a claim. In order to reclaim PPI charges that were taken, often against your will, you first need to figure out how much they owe you, state how you were mis sold and then submit the claim with any supporting documents you have. Unfortunately, this isn't all there is to it when trying to reclaim PPI charges so get ready to dig in and hold your ground!
The Art of Payment Protection Insurance Claims
No one would probably imagine that payment protection insurance claims are really an art form, but they are! It takes a certain level of skill to get back that money you shouldn't need to fight for and if you aren't careful you could make some costly mistakes. Some people choose to work with professionals simply because of this but it is possible to do it on your own if you are prepared for some major delays along the way. Besides the fact that lenders won't willingly admit that they did anything wrong is misselling PPI, they will also try to haggle you down if they suspect you aren't quite sure how much is really due when you try to reclaim PPI charges.
Turning to a Professional for Advice
PPI claims management companies would be the best place to turn for advice when it's time to reclaim PPI charges. They will tell you if you have grounds to file a complaint, help you calculate how much you are due in payment protection refunds and they will communicate with the lender for you so that you will be apprised of what is happening every step along the way. Should the lender make you an offer, a claims specialist can also advise you whether or not that offer is acceptable. It should be cut and dry based on what you have already paid but you also may be seeking compensation for hardships caused as a direct result of mis sold PPI. As well, if your claim is denied you will almost certainly want to file an appeal with the FOS, Financial Ombudsman Service, and that is something your claims specialist can also do for you.
Although it isn't rocket science, it is an art form that some people just haven't mastered. It takes patience and skill to reclaim PPI charges and Belmont Thornton has a team of professional claims specialists who have both experience and skill in reclaiming mis sold PPI. Whether you are looking to see if you are eligible to file a claim or are already sure and want to get started on a claim, the initial consultation is free of charge and they work on a no win no fee contingency basis. Call the claims team today to get started on the fast track filing your claim. The number to call is 0207 471 2000.
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