There are millions of people across the country who have collectively lost millions because of the PPI scam, and if you are also one of them, the good news is that you can get back your money now. And, that too with an interest. The courts have made it much easier for the consumers to get back their money, and that too with the added interest of all these years you were giving the money unknowingly for. You can check the money you are eligible to get back on http://www.howtoclaimppi.org.uk easily. If you want to claim your money back and is a bit confused, here are the few effective tips you need to keep in mind before going ahead and filing the claim.
• If you have finally discovered that you have PPI and want to claim it, the first thing that you need to do is to find the proof of the PPI included in your loan or financial instrument it came along with. There would be documents that specify it, and so on. Gather all the documents you can, before you file the claim.
• If you are stuck somewhere or is not able to understand how to go ahead with the claim, contact the bank and they would guide you through the process. Most of the people don’t do the obvious, and wander around in search of an answer. The banks are ordered to help the consumers, and they will. The process is much easier than you think.
• If your claim is rejected for any reasons by the bank, do not worry as you always have the option to take your claim to the FOS or Financial Ombudsman Service. They would investigate independently on your case, and their decision would be final on both the parties. However, you even have the option to file a lawsuit against the bank with the help of an attorney, but that can be really expensive. And, until unless the claim amount is really huge, it is not a highly recommended way to follow.
Filing PPI is not that difficult anymore, especially after the court has given the verdict in the favor of the consumers. The banks have been ordered by the court to provide all assistance to the consumers to make their reclaiming procedure, fast and easy. Moreover, customers can be sure that if they come across any issues while claiming the money, they can take the assistance from the bank itself or even knock the doors of the Financial Ombudsman Service, claim management companies, or even lawyers if the need arises.
Author Bio – Nick Spencer is one of the most popular SEO consultants and writer, and has written many articles and books on finance niche, which also includes the scam of PPI. His writings have helped people understand the dynamics of PPI scam and how to claim their money back.