If you think you have been mis-sold PPI, which is, also known as Payment Protection Insurance you can claim back every penny of what you have paid out in premiums. In addition, it is also possible, in most cases, to claim for the potential interest you have lost on the money you have paid out in premiums.
The first step of the PPI claim procedure is to identify whether you have actually been sold this kind of policy when you did not need it. People who did not have a job, or were self-employed fall into this category. If it was not explained to you that you could not claim if an existing illness led to your not working and being able to meet your loan repayments you could also be able to claim. There are over a dozen reasons you may qualify to make a PPI claim and determining whether you have a valid claim or not can be a bit complicated.
How to Determine if You Have a Valid Claim
By far the easiest way to work out if you have a claim or not is to call a company who specialises in claiming back PPI. They have been working in the field for years and fully understand the rules and regulations that control the sale of financial products in the UK. By asking you a few simple questions, they can determine whether you are likely to have a valid claim. If you do they can help you to work out the best way to proceed. The best companies do not charge you for making this phone call, if you prefer you can write to them via the post or e-mail.
Getting Started with Your PPI Claim
If you want to you can claim back your own PPI. However, most people find this too daunting, are not confident enough to do it themselves or do not have the time to do so. Luckily, there is an answer, and that is to use a PPI claims specialist. The fact that these companies have so much experience means that they can quickly sort out your claim without you having the stress and hassle of doing it yourself.
