Claim on PPI
Claim on PPI – Answers to Your Important Questions
When it comes to making a claim on PPI, most people have pressing questions they want answered before they will sign up for help. If you suspect that you have been mis sold PPI, you could be entitled to compensation. The first question that many people have, then, is how much could my situation make me eligible to win back?
If you are serious about making your claim on PPI, you will be pleased to learn that the average claim value is over £3000.
How is my specific claim on PPI amount assessed?
If you have been mis sold PPI, you can make a claim against the credit card company or other lender who did this and receive compensation for all the PPI premiums you have paid since taking out the loan. On top of this, 8% interest will be added per annum, increasing the amount you are awarded back despite inflation. This is the precise figure you would earn in interest if a judge awarded you your claim on PPI in court..
How does making a claim on PPI work?
You can tackle this process one of two ways. Either you can attempt to educate yourself and make the claim on your own or you can hire a Financial Claims Management Company, such as Fast Track Reclaim, to help out. You are not expected to pay any fees upfront to these kinds of companies because if you do not win, you should not be expected to pay for an unsuccessful service. That is why it is called a no win no fee claims service. You only pay something to the agent if you win your case, thus justifying the payment for their assistance.
How long does it take to file a claim on PPI?
The answer to this question depends on the case itself. A timeframe of 12 to 16 weeks or more is most likely for your claim to go through. Though all claims all different, with the help of Fast Track Reclaim, you could expect a return on your claim from anything between a couple of weeks and 3 to 4 months.