Reclaiming PPI. Instant Debt Reduction.
There are thousands reclaiming their mis-sold PPI each and every week.Recovering all your premiums will reduce your debts immediately and improve your credit rating.
Millions of loan agreements in the UK have PPI attached to them. A rotten deal for the borrower as less than 15% of claims are successful but incredibly lucrative for the lenders who overcharge consumers by over £4 billion each year.
Worst of all the payment protection premium is added to the loan increasing your debt.The payment protection premium can add an outrageous 20-50% to your loan amount.
There are several categories of borrower who should never have been sold PPI as, under the terms of the policy, they will never be able to claim. Each time the borrower is entitled to a refund and instant reduction in their debt.
These include those with a pre-existing medical condition which has caused them to spend time off work; anyone without consistent income like the self-employed or contract workers; those with no income such as housewives or househusbands and the unemployed; all those who receive guaranteed sick pay especially the public sector such as the medical or emergency services; and even those who are retired or approaching retirement.
Now in any of those cases you have been mis-sold PPI. This means you are due a full refund. The process of reclaiming ppi is quite straightforward.
You need to write to your lender detailing your complaint. You demand the return of your premium and add all interest payments you have made at the same rate that the lender is charging you.
Once you have all your calculations, send all correspondence to your lender by recorded delivery. Free template letters are available for download across the internet.
If the lender ignores or refuses your request you can then take your complaint to the Financial Ombudsman’s Service. Your complaint will be individually assessed and a judgement made for you.
You see the process for reclaiming ppi is quite simple but be prepared for the lenders to try to delay, confuse or ignore you and be ready for a series of letters or phone calls to get to the right person to deal with your complaint.
If you find the whole fairly daunting or you cannot spare the time to pursue the lender you can have your case handled professionally and at no cost.
At Free PPI Claims we have specialist solicitors who will run your case from start to finish FOR FREE.
They will calculate the premium, the payments you have made and attach the relevant interest. But they will also calculate any hidden charges and fees that the lender has received and add the whole lot together with statutory interest on the whole amount.
As an added bonus the solicitor will also negotiate a reduction in the length of the loan or a reduction of your repayments.
To take advantage of this FREE service just visit reclaiming ppi.
Your case will be handled by a specialist legal team. This is a FREE service with no up front fees and you keep all your settlement. If you win £10,000: you keep £10,000. Claim today and instantly reduce your debt and put some cash back in your pocket.