Should I Make a PPI Claim?

Many people are probably wondering whether they should investigate if they are able to make…

Many people are probably wondering whether they should investigate if they are able to make a PPI claim. Many of us receive emails and telephone calls encouraging us to claim and it can get you wondering whether you could. Some may think that they should not do it because if they were silly enough to sign up to PPI when they did not notice, then it was their fault they were paying it. However, unless you were told that it was an option, then you have every right to claim back what you paid.

You should not feel that you made a silly mistake as many people were fooled by unscrupulous salesmen. They may have been told PPI was essential or that it would benefit them when it wouldn’t. There were many miss selling techniques and these were all wrong. This is why people are being given back the money that they were paying back.

A PPI claim that goes through will give you back the money that you paid out in PPI. This could be a significant amount of money if you were paying a lot of money each month over a considerable time period. Even if it was not that much money, you should still claim back what is rightfully yours, why should you let the bank keep it? Even a small amount could make a difference to you anyway.

Making a claim is not that difficult either. You just need the account details for the PPI and then you will be able to fill out the relevant forms and show that you were miss sold the insurance. You can always get a PPI claim company to help you, if you are unsure about how to fill out the form. You will have to pay them to help you, but it will help to take away some of the effort of doing it for yourself. They are online guides on what to do, but if you do not have the time or find this sort of thing confusing, they will be able to help you.

So if you have any reason to believe that you may have been miss sold PPI then it is worth having a go at claiming. You could get back all of the money that you paid for the insurance and this could add up to a significant amount of money.