Unless you have been on a desert island for the last few years, you will have heard of payment protection insurance and the recent trend for making PPI reclaims. There have been massive TV advertising campaigns and internet groups all talking about PPI and how people can get their money back.
What Is PPI?
Payment protection insurance is an insurance that people can take out when they apply for a loan. There are different ways in which this works but as a general rule it protects you if you aren’t able to make repayments for different reasons – for example if you are ill and have to take time off of work.
This sounds great but it only works in some scenarios. This means that you really need to have a choose when it comes to having this or not. There are loads of reasons why PPI isn’t right for you and so if you have had this added to your loan and couldn’t have ever taken advantage of it, then it stands to reason that you’re going to be upset at this waste of money.
Who Can Make A Claim?
Over recent years PPI has come into the spotlight more because it became apparent that this was being added onto loans without peoples knowledge. PPI works great for some people but not for others. It is a chargeable service which means that if it has been added onto without you knowing, then you are paying for something you didn’t even know you had!
If this is the case and your loan has been active within the last 6 years then you are entitled to make a claim for your money back. In fact in many cases you are able to claim back the interest you have missed out on whilst the lender has had your money.
As it is your money in the first place, why would you not make a claim? After all, it is only claiming back what you should never have had to pay in the first place!
How Can I Claim?
You can make a claim with your bank or lender and usually will be successful! There are different forms that you will need to fill in and you will also need to provide evidence of your loan and the PPI repayments you have made.
Why Best PPI Claims?
If this all sounds long and complicated and something that you don’t want to do, then you need to put your PPI reclaim in the capable hands of Best PPI Claims. Best PPI claims pride themselves on having a team of people always on hand to take care of your claim for you. As they are all experienced they know exactly what it takes to make sure your claim goes as smoothly as possible. This means the only thing you have to do is give them permission to act on your behalf and then wait for the money!