Mis sold PPI or payment protection insurance is designed to protect consumers from debt during times they are ill or have an accident that disables them from going to work, but clearly, not everyone needs this insurance policy. With over 3.2 billion customers mis sold the insurance, you’ll want to ensure to make an effective claim that gives you results fast. Here are a few things you’ll need to ensure your claim meets success.
1. Documents and Evidence
In any claim, the evidences can only speak the truth which makes them effective. Ensuring fast PPI claims will need consumers to have the necessary documents to prove you are mis sold PPI. Use your birth certificate to prove you were beyond the claiming age or retired when you were sold the insurance; you can use a six-months earlier medical report to prove you have been sick during the time you purchased the insurance; your employment contract or civil status certificate would help verify you were unemployed or self-employed during purchase. Also, if you have your first billing statement with you, you have great chances of earning your complete refunds.
2. Compound Interests
If you have owned for more than 10 years your credit card or financing, the compound interests of the insurance policy should have steadily risen during your repayment period. Compound interests had allowed one customer to reclaim at least £65,000 from her mis sold payment protection insurance. If banks mention that they cannot produce information for financing six years in the past, you will need help in persuading them.
3. Claims Management Companies
Every customer knows how banks want to slow things down by making things complicated and it is the job of the claims management companies to ensure customers get all the compensation they deserve. Claims specialists, such as PPIClaims.me help with persuading banks to look into more than six years of past records, can speed up the process with their legal knowledge and advice customers in filling out forms and submitting them. Claims management companies provide no win no fee PPI claims services, ensuring you a claim that brings results fast.
