How Much PPI Will I Get Back
Anyone who has been following the news in the UK of late will be familiar with the fact that lenders have been mis selling payment protection insurance across the board on literally every type of loan from personal loans to home mortgages as well as on store cards and other revolving lines of credit such as the major credit cards. Of course anyone who has been mis sold PPI or even suspects that he/she has been mis sold PPI will want to know, "How much PPI will I get back if I file a claim?" There is not cut and dry answer to that because each claim needs to be weighed on an individual basis and in fact the government has even mandated that lenders review claims under this principle. Each claim is based on payment protection insurance that was sold along with a loan and no two consumers will ever be charged the same rate, even on the same type of loan.
How Much PPI Will I Get Back If My Loan Is Paid in Full?
This is a major issue for consumers who have satisfied the terms of their loan by paying it in full, notwithstanding that a good bit of that money was paid towards payment protection insurance. How much PPI will I get back if my loan is paid in full? Again, that is solely dependent upon how much you paid in! If your loan was for £10,000 and your PPI rate was 23% then you will be able to claim back far less than the consumer who satisfied a £25,000 loan that carried a PPI rate of 34%. Each payment protection claim that is successfully filed with the lender, or passed upon appeals by the Financial Ombudsman Service (FOS) will have a stated amount being claimed back that is specific to that loan or line of credit.
Who Can Tell Me How Much PPI Will I Get Back?
After understanding that each loan is unique, the next question on the minds of many consumers is "Who can tell me how much PPI will I get back?" The best 'person' to tell you would be a PPI claims management team member who will be able to discuss with you all the details of the loan in question. As well, you may find that the claim estimator on the PPI Claim Company website will give you are fairly accurate approximation as to how much PPI you are likely to get back. Each time you ask the calculator "How much PPI will I get back?" by plugging in figures that are pertinent to loans you have that were mis sold PPI, you will get different calculations based on the figures you entered in.
Belmont Thornton, the PPI Claim Company, has a specialist claims team on hand to help by answering your question, "How much PPI will I get back?" and they will also be able to tell you if they feel you have a claim based on criteria set forth by FSA. To speak with a claims team member today call 0207 471 2000 and you will be well on your way to filing a claim to get back that money which so concerns you.
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