Be Wary of Different Terminology’s
PPI was never originally named Payment Protection Insurance; it came under a host of other names – mortgage payment protection, credit card repayment insurance, loan repayment policies, were some of the most popular.
Banks and lenders designed plenty of different ways to wash off the old negative reception that came with PPI, by changing the name and slightly tweaking the apparent benefits.
You Can Go It Alone
First of all, you must search through all of your loans and cards to check whether you had PPI on any of them. You must also check if you had a policy at any time and then had it cancelled. Once you get the names of the bank or credit card companies you should give them a call to see if they can confirm if you ever had PPI.
If the account is still open, they can then investigate your accounts and let you know immediately. On the other hand, if it is closed, it may take them a while.
Even though the claims process is considered ‘easy’, it isn’t at all ‘simple’. There are many different facets and situations that you must understand in order for the process to be considered simple.
Hiring a Claims Management Company Can Be Beneficial
In some of the more complex cases, it’s actually worth using a claims management company. Not only are we able to retrieve your refund as quickly as possible. We are also well versed with the ways in which banks and lenders try to avoid paying the what is rightfully owed to mis-sold customers.
With a no win no fee policy, you would not pay anything until we have finished evaluating and delivering the results for your PPI claim. It can be worth it because it can save you time and money in the process.