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SCOTTISH PPI CLAIMS

Scotland Wide PPI Specialists

How Easy is it to Claim PPI?

05 June 2017

With the announcement of a PPI deadline of August 2019, many people are now wondering if they have a claim for PPI compensation.

But it can be confusing to know not only if you have a claim, but how to go about it.

6 Steps

  1. Examine your paperwork and statements for any loans, credit cards and mortgages you have had in the last few years. If you have PPI or a similar looking policy on there, you may have a claim for compensation.
  2. You can submit a letter of complaint, with policy numbers and full details to your bank or lender yourself OR you can opt to use a claims management company like Scottish PPI Claims
  3. Your bank or lender has an 8-week timeframe in which they must respond to your complaint.
  4. Lenders will make you a PPI compensation 'offer' or they will refuse your claim *see below
  5. If you are happy with your PPI compensation being offered, you can accept it
  6. This is a successful end to your PPI compensation claim.

Sometimes, there can be hitches in this PPI compensation journey.

Problems with PPI Claims

If you opt to use a claims management company like ourselves, then you'll be engaging a reputable and trusted company to work on your behalf.

We charge a small fee for our service, - ask our team for the latest fee, as well as further details about our no win, no fee claim service.

But this is the important bit - if your PPI compensation claims doesn't go according to plan, we don't charge you anymore, but we will still work very hard to resolve your compensation claim successfully.

Consider this scenario as an example;

You have engaged us to make a PPI compensation claim on your behalf. The offer you receive we consider is too low (banks and lenders will try to get away with paying the least amount in compensation as possible).

On your behalf, we then put in another letter of complaint, clearly outlining the reasons why the offer should be increased. On most occasions, we find that this course of action is enough to redress the balance.

If the bank still refuses your claim, if you decide to submit your claim to Financial Ombudsman for consideration, we can help you do that too.

The Time to Claim is NOW!

There are still customers who have not made a PPI claim as they are unsure if they have an eligible claim to make.

If you are one of those customers, then please contact us and we'll be happy to advise you further.


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