PPI Claims – Get Your Money Back
You may be entitled to getting thousands of pounds back if you paid into a PPI policy and been ripped off by it. This has recently happened to many unwitting consumers and clients. Fast Track Reclaim, working on your behalf will help you get the money back that you unwittingly paid into a potentially worthless policy.
The process is extremely simple. We send you a claims pack in the post. You sign and return the pack and then we will be able to launch an investigation on your behalf to see how much money you have lost and how much you are entitled to.
PPI claims often average up to 3000 pounds per claim.
The way PPI claims work is as follows. PPI stands for payment protection insurance. Many people sign up for PPI because they need to have backup in case they lose their jobs or have other extenuating circumstances that prohibit their ability to be able to make timely payments on mortgages, credit cards,secured or other outstanding loans. Unfortunately, this kind of insurance is often mis sold and when the consumers go to use their insurance benefits, they are shocked to find out that no payments will be made on their behalf.
Complicating this issue is that payment protection insurance was often sold without the knowledge of the customer so it can be hard sometimes to know exactly if you have been sold a PPI policy or not..
Many people who think they are paying for payment protection insurance aren’t exactly sure of how much they are paying and what they are legally entitled too. Also, another unfortunate aspect of this kind of insurance is that when people were sold the policy their suitabilty for the product was not considered and in many cases the insurance was worthless.
But the good news is that help is on the way. The courts have recognised that consumers have been ripped off and they understand that this is the only way for people who were treated unfairly to regain their rights and also the money that they put into mis sold payment protection insurance policy.
When making PPI claims, and the claim is upheld, you should be able to get reimbursement for payments made plus interest on the payments. In instances where a lender does not uphold a PPI Claim the case can be reffered to the Financial Ombudsman for a second opinion.