You may have decided that you wish to make a PPI claim, in which case you will need to be sure about the details including how much you are owed. PPIs are sold in two ways, one as a single upfront premium that is added on to the loan, or as a monthly payment.
With a lump sum payment, it isn't as straightforward to find the figure as it was included in the cost you were charged when you initially took out the loan. The interest will have built up over time.
The very first thing you should do is to write to your lender and ask for a refund in full. The first response may be something along the lines of a 'no' in the form of a long drawn-out letter. You should then write to them again, telling them that you now see it as a legal matter and will also be writing to the financial ombudsman. Ensure to enclose a copy of your first letter.
You will next likely receive a further response, arrogantly informing you that you are not an authority so your claim will not be pursued. Persevere with them and in the meantime, try to appeal to the good sense of the ombudsman. There is professional help available if you find you are not getting anywhere.
The easiest way to claim back your PPI is to have a legal agency act on your behalf. They know the process only too well and will take care of your claim every step of the way. The solution will be a far more effective one than you trying to make the claim by yourself and will probably give you a more favourable result. There are solicitors out there who will only charge you should your claim be successful which will ensure that they will work hard on your behalf.
With a lump sum payment, it isn't as straightforward to find the figure as it was included in the cost you were charged when you initially took out the loan. The interest will have built up over time.
The very first thing you should do is to write to your lender and ask for a refund in full. The first response may be something along the lines of a 'no' in the form of a long drawn-out letter. You should then write to them again, telling them that you now see it as a legal matter and will also be writing to the financial ombudsman. Ensure to enclose a copy of your first letter.
You will next likely receive a further response, arrogantly informing you that you are not an authority so your claim will not be pursued. Persevere with them and in the meantime, try to appeal to the good sense of the ombudsman. There is professional help available if you find you are not getting anywhere.
The easiest way to claim back your PPI is to have a legal agency act on your behalf. They know the process only too well and will take care of your claim every step of the way. The solution will be a far more effective one than you trying to make the claim by yourself and will probably give you a more favourable result. There are solicitors out there who will only charge you should your claim be successful which will ensure that they will work hard on your behalf.
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