5 Tips for Filing PPI Claims

5 Tips for Filing PPI Claims

Those who took a loan or accessed a finance from a bank in the past six years might be eligible for Payment Protection Insurance Claims and compensations. The problem was recently discovered, as people calculated a certain monthly rate and discovered the fact that they had to pay a much bigger one. The answer of the bank was very confusing for many, so they decided to ask the help of specialists and discovered the fact that the banks also included a Payment Protection fee in the monthly rates. 

It is true that banks have certain rules that say the fact that they have to protect their money by following some steps and one of these rules says that a protection insurance has to be paid by a client for any type of loan and finance. However, the client has the right to pay for this payment protection insurance at a specialized insurance firm, as the deal might be a better one and the fess will certainly not be as huge as the ones imposed by the bank. 

If you are one of the many victims and have PPI claims, then you should know that in order to ask for the financial compensation, you first have to successfully fill the PPI claim. There have been numerous cases in which the claims have been rejected because of a small problem or because of a small error that appeared when the victim filled the claims. Here are five important tips to help you.

A very important tip will teach the victim to find the proper type of form. Some lenders have their own forms for claims, as they are used with having such situations and some even offer the victim the chance to submit the form online. However, keep a copy of the form you submit in order to prove certain things if the bank blames you for who knows what. 

Tip number two teaches victims not to choose a form from another lender if their lender doesn't have an online form, as it will surely be rejected. Call your lender and explain the fact that you need a claim form. Request for one to be sent to you by mail, complete it and then send it back. It is the only way in which you can make sure that it will not be rejected. 

Tip number three in the top five refers to compiling the evidence. It is a good idea to compile the evidence in order to support the claim. Carefully consider the reasons why you think that you are a victim and the reasons why you think that the bank forced you in mis-paying the payment protection insurance. 

Tip number four refers to facts. Check them before sending the claim to the lender, as if the data is not accurate, you should expect to have problems. Lenders will take advantage of any small mistake!

Last but not least, tip number five teaches victims to send claims through special delivery, as lenders can say that they haven't received any claim from you!

ChanceHub, 2015-05-03 | Posted in loans 748 views