A lot of people are queuing up to collect back their PPI premium that they paid to lenders because of lack of aequate knowledge and at the same time millions of people are folding their arms doing nothing to get their money back!!!
Are you one of them?!
If you’ve got or had a loan in the last six years, you may be able to reclaim £1,000s.
The misselling of expensive Payment Protection Insurance (PPI) alongside these products has been rife. Lenders like A&L and HFC Bank have had huge fines. These are the few steps you need to take, including forms &templates, in order to reclaim your loan insurance back.
- Check Your Policy - If you’ve got a loan, whether it is active or not, in the last six years, please check whether it included insurance, If so, you could be paying £1,000s for potentially worthless cover, without knowing about it.
If you can’t find your agreement or T&Cs, contact your lender to ask for a copy (make sure T&Cs date back to the time of your agreement as terms will change over time).Lenders can ask for £1 to provide this but not all do so you could include a £1 cheque (don’t send cash, though) to speed it up a little. It may not provide the agreement if your account is closed but you can then ask for a full breakdown of your whole account (this can cost £10).
Download the template T&C letter here. (DOC) - Write to your lender – if you think you have been mis-sold PPI, it is time to claim it back.
Fill in and sign a copy of the questionnaire below. You should also enclose copies of any paperwork that backs up your case and send the form by recorded delivery, keeping a copy yourself.
PPI Claims Questionnaire (PDF).
You may dowload this Ombudsman questionnaire help to guide in filling the questionnaire.
Template Cover Letter (DOC) - Write To The Omnibusman – If your claim is refuse or the amount offerd is smaller than what you paid and after complaining you haven’t reached a satisfactory conclusion with the lender, it’s time to make a formal complaint to the Financial Ombudsman Service. This is the official independent service for settling disputes between financial companies and their customers. The Ombudsman is completely free to use, and will adjudicate on whether your claim should be paid out.
While the process of using the Ombudsman is simple, and the amount of money you could receive is massive, it’s not usually quick. Your case may take over a year to be settled so don’t count on the cash now.
After contacting the Omnibusman through their website or by calling 08000 234 5679 (or 0300 123 9123 from a mobile), you’ll need to explain your complaint – fill in and sign a copy of its complaint form and enclose copies of any paperwork that backs up your case.
Download the Ombudsman Complaint Form
If the above steps are too complicated for you to take and you wish to use one of the PPI Claims companies, at a fee of 10% to 25 %, please download this Claim Handlers’ Checklist before you make your choice.
“Ask, and it shall be given you; seek, and you shall find; knock, and it shall be opened to you” – Matthew 7:7
God Bless You.
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Capital win 95% of all Payment Protection Claims (PPI). You too can Reclaim £3,500 in just 60 days for your mis-sold PPI Policy. Call 0800 652 7076 today. No Win No Fee PPI Claims.