PPI otherwise known as Payment Protection

PPI (otherwise known as Payment Protection Insurance) happens to be mis sold to millions of people throughout the UK who are often unaware ppi claims uk that they may be entitled to claim back thousands. Here are the five most common questions individuals have when deciding whether or not to make PAYMENT PROTECTION INSURANCE claims.

Many people are unaware they have been los sold PPI and could have more than one PPI policy. A PPI claims management company could help you to find additional PPI policies you were not aware of, meaning you may get a larger money back guarantee, whilst taking the hassle out of building a claim.

A general time limit for making PPI claims is six years. Nevertheless if you have kept the documentation for the PPI policy it may be possible to say on a policy taken out more than six to eight many years ago. If you have misplaced your loan records a claims company can get them from the lender on your behalf.

The quantity of PPI compensation someone is qualified for varies from each individual case. The Residents Advice Bureau reports that PAYMENT PROTECTION INSURANCE can add between 13% and 56% to loan repayments which could equal to thousands of pounds. If your claim is successful you are entitled to all of the money you have compensated to date plus additional interest. If the loan is still ongoing your every month repayments will also be reduced by the volume you are paying for your PPI plan. If your loan has already been repaid you can expect to receive all your PPI compensation in cash.

There is no set time how long it will take to get a PPI reimburse. Some PPI claims can be established itself in a few weeks others take considerably longer depending on the nature and complexity within the claim. What many people don't know is the fact some lenders tend to be faster for processing complaints than others.

So many people are often unaware they have been mis sold PPI and may have numerous guidelines where a PPI refund is due. An experienced claims handler can find all these PPI policies to ensure the maximum payout is usually received. A claims company generally offer expert advice taking the hassle due to making all PPI claims.

If deciding on a claims company to work with always remember that a good claims corporation will:

- Never charge a upfront fee

- Work on a no win no fee basis

- Make all of charges clear from the beginning and have simply no hidden charges

- Be regulated by the Ministry of Justice

instructions Have trained professionals working for them

- Never make false assures regarding guaranteed repayments and timeframes

In addition you should check if you will be recharged a fee for money you will save in the future as many companies will include this in their agreements.