Dealing with the banks and
financial companies is a challenging at the best of times - they're happy to take your money by selling products that you don't need but try getting your money back and you'll know exactly what it feels like to talk to a brick wall!
This is the situation that millions of people across the country have found themselves in over the past 2-3years as they've tried to claim back their mis-sold Payment Protection Insurance (PPI) premiums. Recent figures show that the banks are rejecting PPI without properly investigating the claims and have caused a massive backlog at the Financial Ombudsman Services, who are now taking 18-24months to settle the claims rejected by the banks - maybe that was the plan all along!
Fortunately, there are numerous agencies like MisSoldPPIClaimsCo.co.uk that can help you to claim PPI, either by providing template letters to help you do it yourself, or providing a reclaiming service. The degree of difficulty
while dealing with PPI claims depends on the ways and means you use to solve
the problem. When you can manage time from your hectic schedule and you are
conversant with the financial sector you can definitely claim for compensation
all by yourself.
Taking the advice of legal
professionals is recommended too. If you have a busy schedule and can’t afford
to give time for claiming PPI compensation you can always seek the help of a professional PPI claims company.
According to law when you
have the evidence of PPI mis-selling you can get back the complete compensation.
If you are dealing with your PPI claims all by yourself, you have to be very
clear about putting the correct details and calculate the amount. In case you
are seeking the help of professional organizations you don’t have to think
about all these.
While claiming for the PPI
policy compensation you need to have the original credit agreement copy and
before you claim for the compensation make sure you are eligible for claiming.
If your case is genuine you have the right to claim for it from the bank or
other financial company and there is nothing that can stop you from getting
back your premium.
Have you been the victim
of any of the following circumstances?
- You were sold PPI policy
along with credit cards, loans or mortgages without your knowledge.
- You were not informed
about the exact cost of the PPI policy.
- You had crossed the upper
age limit when you were sold the PPI policy.
- You were told by the bank
or financial company that PPI policy is mandatory.
- You were forced to take up
the PPI policy.
- Medically you were not
eligible for PPI policy.
- You were sold PPI policy
which was actually of no use to you.
In case you have been
fooled or duped with any of the following situations, it is evident that you
are the victim of mis-sold PPI policy. You have been fooled by the salesperson
of the banks or financial companies. Don’t you want to take an action against
them?
You shouldn’t let this go
in vain. You have been trapped by some selfish people who are least worried
about your well being. It is time when you should raise your voice and fight for
your rights. Even legally it is a law that if there is any evidence of
mis-selling PPI policy proved against the bank or financial company, the victim
gets backs the complete premium amount with interest.
Sounds great, huh? You are
legally entitled to claim for PPI compensation from the financial companies and
banks that have been involved in mis-selling PPI policies. Complain to the bank
about the mis-selling PPI policy. Usually the banks will try to avoid such
situations and delay the compensation.
In
such a circumstance, contact the Financial Ombudsman Service (FOS) and get your
compensation. The FOS will investigate the case and find out your evidences of
mis-selling PPI policy. When your case is proved to be genuine nothing can stop
the banks from giving back your premium.