Latest News


PPI – Bank turned down your claim?

Filed under: Services — Tags: , , , — consumerfinanceclaims @ 09:25

Banks have up until recently been turning down PPI refunds virtually out of hand, hoping people would then drop the issue and take the case no further – and unfortunately this ploy was successful in many cases, for a while!

If this has happened to you: the best thing to do is make a fresh complaint. Just because you were turned down before is not a major factor for consideration in your new claim. The new guidelines which came into effect back in May 2011, mean they should now deal with cases of mis-selling PPI speedily and correctly, looking more closely than before at the facts rather than just rejecting complaints out of hand.

If you have taken out any kind of loan over the last few years it is worth looking more closely at exactly what you were paying for, what you agreed to. It doesn’t take long to check – even if you can’t find your paperwork – but more importantly, it doesn’t cost much to find out, even if you have. Banks and other lenders may charge a £1 administration fee to provide a copy of your records if the policy is still running. However, it may not provide a copy agreement if the account is closed. If this is the case then you can then ask for a full account history, but you may be asked for a £10 fee.

Many people were told PPI was compulsory – it wasn’t, and isn’t – this is mis-selling! Tens of thousands of self-employed, unemployed, retired, and those with medical conditions, have all been duped by unscrupulous sales staff. This highly lucrative and profitable little earner meant huge commissions and incentive bonuses to banks and the other providers. But as with most scams, there’s only so mileage in it…cannot last forever, hence the “lets fill our boots, while we can” attitude.

If you think you may have a case, you don’t need to go through a long and stressful procedure in order to get back what’s legally yours.

If you have taken a loan out in the last 10 years then it’s almost certain you were offered PPI, or you bought a policy. Even if the loan has been repaid in full, you may still be able to claim back the cost of the payments you made, and interest!

If you find the prospect of checking or reclaiming PPI a stressful prospect, or fear having to complete lengthy questionnaires and dealing with indifferent providers, then don’t worry – contact one of our team – we can usually give a quick answer as to whether there is a valid claim for PPI repayment. Even if you can’t find your policy documentation, it is not necessarily a lost cause as somewhere along the paper trail there will be payment and transfer records to help verify your claim.

 






Add your own comment to this article







Your comment has been submitted   (A moderator will approve this shortly).



< Click to view article archive


BulletpointsAverage claim value £2500

BulletpointsNo Win – No Fee* PPI Claims

BulletpointsNo Upfront Fee's

BulletpointsOn average our PPI claims take 12 weeks

BulletpointsCompetitive 20% inclusive of VAT Success Fee

BulletpointsProven track record* for all PPI claims


How much money could you be entitled to?
Make Your PPI Claim





















Next

< BACK





















Add another lender
Next

< BACK





















Add another lender
Next

< BACK





















Add another lender
Next

< BACK





















Add another lender
Next

< BACK





















Add another lender
Next

< BACK

















Next



< BACK













Congratulations! You're one step closer to receiving your compensation for mis–sold Payment Protection Insurance.


If all details look OK you will receive a Claim Pack through the post, usually within 48 hours. If there are any issues we need to discuss one of our advisors will call you.


Either way you need to return your Pack as quickly as possible to prevent any delays with your claim!