So you are beginning to understand the concept of PPI and feel you may be entitled to make a mis-sold PPI claim. But how do you go about this? It is daunting for an individual to contact high street lenders, particularly if you do not have a complex understanding of the conditions of PPI.

Making a PPI refund

Speak to a professional claims management company to find out how you can receive a Payment Protection Insurance (PPI) refund. They will assess whether or not you are entitled to a PPI reclaim and handle your application for you, meaning you dont have to learn the complex conditions of PPI or contact banks and lenders yourself.

Finding a reliable company to make your PPI refund

PPI reclaim companies often have a bad reputation. You may have been warned about fraud companies which can leave you with a bill which is higher than your PPI refund, and thats if they win your case at all. You need to choose your claims management company carefully to avoid losing out, but in doing so you will be able to make a claim for potentially thousands of pounds with no effort on your part.

Look for a company which:

Offers a free assessment of whether or not you have a case. Be sure that you are not going to be charged for enquiring about your possible PPI reclaim application. Some companies offer a practical postal service to enable you to claim with minimal effort, and some will even come to your home for the ultimate convenience.

Works on a no win, no fee basis. You will not want to lose money out of your application to claim back PPI, and a no win no fee company will only take any money if they do win on your behalf. By choosing a company which works on this basis you can also rest assured that they are going to do all they can to win your case, because if you win, they win.

Offers to obtain all of the correct paperwork for you if you do not have it. This is the role of your PPI claims management company. Dont spend time contacting your bank or lender about paperwork, your refund company should do it for you.

Do not charge excessive fees. Check the costs which PPI reclaim companies charge should you win. 25% and an administration charge of around £100 is reasonable, and you are likely to still be receiving an adequate figure after they have taken their share. Some companies charge in excess of 80% and an administration charge which can leave you worse off than before you made the claim.

ABC Claims Management are a reliable PPI claims company which you can rely on. Contact them today to find out whether they can help you claim back the thousands of pounds you may be entitled to.

ABC Claims Management

Payment protection insurance also known as PPI, was designed to cover your loan or credit card repayments if you became unemployed, had a long-term illness or were involved in an accident. PPI can provide valuable protection for people who have lost their jobs. However, over the past few years insurance policies have been widely mis sold, as they provided huge profits for banks and lenders.

Advisors would mis sell their policies by not fully explaining what the insurance covered and telling the consumer that the policy was either compulsory or suggesting that it would give people a better chance of being accepted for a loan. In worst case scenarios some advisors would even add a policy onto a consumers account without their consent.
Many policies were also extremely over priced for the level of cover they offered and banks and lenders would put in several exemptions making it almost impossible for consumers to make a valid claim. You could potentially claim big money if you feel you were in any way mis sold PPI insurance. Even if you have made a claim on your policy, you can still make a PPI complaint which could result in substantial compensation.

Before you decide to make a payment protection claim its important you check through all your policy documentation. Not all policies were mis sold, so you must ask yourself if the insurance was right for you at the time of purchase. Cast your mind back to when you were sold the policy, did the advisor make it clear that the insurance optional? In many cases advisors were telling consumers that PPI was compulsory or implied that the loan repayments would be more expensive if they didnt take out a policy. This is mis selling and you could be entitled to thousands of pounds.

Making a claim can sometimes be a long, difficult and time consuming process. Therefore its advisable to enlist the help of a claims management company. Many companies who specialise in PPI reclaims offer a free, no obligation consultation. These meetings can take place in the comfort of your own home or over the phone and a friendly consultant will review potential claims and help you with all the relevant documentation.

The majority of high quality, well established claims management companies operate on a no win no fee basis and if your claim is successful you will only be charged a small administration fee.

Contact your local claims management company today and get back what youre rightly owed.

ABC Incorporation is one of the UKs leading claims management companies in the UK. They have helped hundreds of people claim thousands of pounds. Visit their website today to fill in their online form for a quick and easy PPI reclaim.
Making a PPI claim