07 November 2016
If you believe you have a claim for compensation because of being mis-sold payment protection insurance (PPI), you need this handy guide to the do's and don'ts of making a PPI compensation claim…
It is important before you call, write or email the bank about your claim that you are sure about why you were mis-sold the policy. There are many reasons why you could have been mis-sold it;
There are many other reasons but this is the key point: if you had known about the exclusions and so on, would you have still bought the policy?
Some banks are not keen on giving you your money back. Even though the banks are putting aside more money in their compensation pots - Lloyds added another £1 billion in October 2016 bringing its total PPI compensation fund to over £17 billion - they are still not keen on giving customers PPI compensation.
Just because you have PPI doesn't mean it was mis-sold to you, of course but the general consensus seems to be that most people with PPI are entitled to their money back.
You should get back the premiums you paid towards the PPI policy, any costs or fees incurred as a result of having PPI on the account and interest at a rate of 8%.
Some people find the thought of approaching their bank, filling in forms, understanding all the information given and so on, daunting. We understand that this is one of the reasons why people turn to Scottish PPI Claims.
As a claim management company specialising in PPI compensation claims, we have many years of experience in helping people to successfully claim their money back.
When you call us, we don't charge you for anything and neither do we sign you into a contract. All the advice we give is without obligation.
We charge a fee for our service, much like other professional companies but this is on a no win, no fee basis. In other words, you only have a bill to pay IF we win your case.
It's YOUR money.