Cheapest PPI Claims
Many people feel that payment protection insurance (PPI) does not deserve its name, as it really does not provide protection for the majority of policyholders that file claims in an attempt to receive repayment assistance. Many borrowers mis-sell PPI policies to earn commissions and increase the overall loan amount, thereby earning more interest and increasing monthly repayments. Although most of our clients receive total compensation after submitting PPI claims against the lenders that mis-sold them the PPI policy, less than 15% of PPI policyholders will be able to receive repayment assistance due to ineligibility, primarily because lenders often overlook eligibility requirements.
Reasons to Use the Cheapest PPI Claims Service
Anyone who believes their lender failed to inform them of coverage eligibility requirements and sold them a PPI policy despite the fact that they were ineligible for assistance should consider utilising the cheapest PPI claims service today. You should also seek the assistance of The PPI Claim Company if your lender deceived you into believing that you had to purchase the policy in order to be approved for the loan, or that not purchasing the policy would decrease the amount of the loan. By simply filling out a quick claim form on this page you can initiate the process and receive a free claims pack in the post. After following the instructions within your claims pack you should receive a full PPI refund within no more than eight weeks.
How Much Can the Cheapest PPI Claims Be Worth?
The average amount of a PPI refund secured by our company is about £2500, however it is possible to receive more than this, depending on the loan amount and the cost of the PPI policy premium. It should be noted that the PPI policy premium is usually more costly when it comes in the form of a single, nonrecurring premium. Many lenders include the cost of the PPI policy within the overall loan amount, which not only increases monthly repayments for the borrower, but also forces them to make repayments towards a PPI policy that is attached to their loan. If they attempt to stop paying for the PPI policy they'll automatically default on the loan. According to data published by the Financial Ombudsman Service (FOS) even the cheapest PPI claims can provide a refund of £1300.
What to Expect from the Cheapest PPI Claims Company
Because we're so confident in our ability to obtain full reimbursement for all of our clients we work on a no win no fee* basis, which means that you do not have to pay anything unless you're able to receive total compensation for all of the money spent on the PPI policy. In addition, you won't need to directly negotiate with your lender or wait on hold for hours at a time to make progress. Instead, simply follow the instructions within the claims packet that we'll send you in the post and the entire process should be complete within just a couple of weeks. Considering the fact that it usually takes several weeks to receive even the slightest repayment assistance from payment protection insurance companies, it would be more advisable to simply submit a PPI reclaim against the lender instead.
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