Even though you have always been in doubt of what the PPI charges in your statement were all about, you still haven’t got any idea how to go about clarifying the matter and possibly resolve if you never wanted it in the first place.
You’ve heard that thousands of people have been ripped off their money by this insurance policy that was supposed to help them with their repayments in times of prolonged illness, accident, or sudden unemployment. However, how it was applied alongside credit agreements were plainly unacceptable to a great majority of consumers. Luckily, the courts discovered this mis-selling practice and have ruled on requiring banks to make a thorough account review and return all the money paid to PPI.
To date, PPI claims have been flooding the offices of various financial institutions from their customers who were subjected to the wrongful practice of applying PPI to their loans, credit cards, and mortgages. You, on the other hand, could still have the faintest idea how to go about it. Actually, you’ve got two options on this. You can either hire the services of a PPI claims expert or do it yourself through these trouble-free steps.
You need to fist establish how long you have had PPI in your account. A policy certificate will indicate the date it started and when it will expire. The amount paid to it will also be specified. There should also be references to PPI on your statements and credit agreement paperwork. Collect them and make copies to attach to your PPI claim letter.
To start the ball rolling, you need to directly contact the bank that sold you PPI by writing a PPI claim letter. If you’re not adept in making such, hundreds of ready-made letters are available on the Internet for you to download, copy, and print. Making the claim through a letter makes it black and white, giving you and the bank no reason to say in the end that no such claim was made. Continue reading