How to Claim Mis Sold PPI
There is a ton of information circulating on the web on how to claim mis sold PPI but one thing is for certain. Don't believe everything you read! Whilst any two different sources may have slightly differing figures when it comes to payment protection insurance statistics, that really shouldn't impact your decision on whether or not to file a mis sold PPI claim if you feel your lender mis sold or mis represented the cover. We all know that payment protection insurance has been in the spotlight within recent years and we also know that millions of consumers have fallen prey to lenders looking to rake in the pounds. If you are truly concerned with how to claim mis sold PPI then take a few moments to consider what is really important.
How Significant Are Those Statistics Anyway?
Whilst the CAB may be reporting one set of statistics and the FSA may have slightly differing numbers, the point is still the same. Altogether too many lenders are still mis selling payment protection insurance which means that UK consumers are still forced to discover how to claim mis sold PPI. In the end, all consumer advocate groups and government authorities share their research, but some may have a slightly different perspective which may cause a bit of confusion. That shouldn't matter much because they all agree with the fact that lenders have a long way to go in the ethical sales of loan protection insurance.
Are Lenders Really Holding Up On Reviewing Claims?
One of the findings which have been reported is that UK lenders are sitting on claims and just not reviewing them timely as they have been ordered to do. There is some amount of truth in this matter and even the BBC has reported as much. The actual reason for this situation was the fact that the British Bankers Association was filing an appeal to try to get earlier rulings appealed. Consumers were being advised on how to claim mis sold PPI based on the fact that their payment protection claim would be sitting on some lender's desk for inordinate amounts of time. This indeed was true and still is to some extent, but since the BBA withdrew their appeal, claims are beginning to mover a bit again. Unfortunately, there is such a backlog now that claims are still moving at a snail's pace. The best advice on how to claim mis sold PPI is to make sure everything in your claim is in order so that it isn't delayed further while the lender requests additional information.
If you are interested in learning more about how to claim mis sold PPI, contact the specialist claims team at Belmont Thornton. The claims team is on hand to answer any questions you may have and are ready to assist you in filing mis sold PPI. Call the team on 0207 471 2000 in order to get on the fast track. Just because lenders are dragging their feet doesn't mean that you need to. Talk to the team today and your claim pack can be in the post as early as tomorrow. Don't delay as there may be time restrictions imposed and you don't want to miss out.
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