Financial experts and companies who specialise in handling compensation are preparing for a wave of PPI claims to be opened in the near future. The PPI scandal has been a highly complained about topic for the last few years, continually topping the charts as most complained about product. It is expected that another abundance of claims will be opened in the coming months, meaning companies are preparing for the workload.
A proposed June 2019 deadline is expected to encourage a wave of customers to open new PPI compensation claims as customers make sure they don’t miss out on the money they are rightfully owed.
Financial experts have suggested that less than 25% of people entitled to claim back PPI refunds have actually applied and received their pay-out.
The continuous stream of compensation claims is about to end as the possible deadline comes into place, but not before a mass of final claims are registered. In order to ensure that as many people as possible have the opportunity to reclaim their PPI refunds, the Financial Conduct Authority are about to launch a massive advertising campaign worth £42 million, funded by banks who are obviously keen for the deadline to be put in place. The campaign will ensure that everyone will be informed about PPI, how they can find out if they are eligible to make a claim, and how to start a claim.
There is no doubt that the PPI scandal has been the biggest financial controversy in recent years, with millions of PPI policies being mis-sold to unsuspecting clients who are now eligible to reclaim the money that is rightfully theirs. So far, a whopping £24 million has been paid out to customers who are owed PPI refunds, and the same amount has been set aside again to cover the influx of claims which are expected to be opened in the next two years before the deadline.
If you believe that you may be owed a refund for mis-sold PPI, it is highly advisable that you join the masses and research your situation as soon as possible. You can begin your free check today to see if you are owed any money. It is important to act quickly.
The only information we will need is your name, date of birth, address and the name of the lenders that you have historically borrowed from and we will be able to send you the pre-filled forms for you to simply add your signature for your application. Don’t worry, WE DO NOT NEED ANY ACCOUNT numbers.
Start the process today to ensure that you receive the money you are owed, and you could obtain a large pay-out.