06 November 2017
The FCA advertising campaign encouraging people to make a claim for PPI compensation has started. It is set to run up until the deadline of August 2019. We are often asked is there a right and wrong way to claim? Or, are there things that people can do to ensure success?
There are no guarantees, with each PPI compensation claim coming down to individual circumstances. But we asked our team, is there a right and wrong way of claiming PPI compensation and this is what they told us…
The wrong way
And so the right way to make a PPI compensation claim looks like this:
BEFORE you do anything, take a look at each and every single account on which you had credit tocheck for a PPI type policy-don't forget that PPI or payment protection insurance is a generic name for any kind of insurance policy that promises to make repayments if you cannot.
Check accounts such as:
It is always 'easier' to make a claim for PPI if you offerproofin the first instance that shows you have the policy on your account; policy numbers are the solution in this case
As part of your complaint, you also need to tell themWHY you were mis-sold PPI. There are many reasons, such as;
Don't take NO for an answer! Many customers think that if the bank says no, there is no way they can go on to challenge this response but there is…
… and Scottish PPI Claims know what this is - so why not call us to find out more?