How to Claim PPI Yourself
Although a great number of consumers in the UK are trying to find a way to file a mis sold PPI claim, there are a lot of things to consider when learning how to claim PPI yourself. Whilst it is possible to figure out how PPI was mis sold, it may not be as easy to prove it as you think. Having taken out a loan within the past ten years, there is a great possibility that you were mis sold loan protection insurance along with the loan, either with or without your knowledge. Because there have been just so many cases of mis sold PPI, consumers are filing claims and many of them are seeking ways to do so without the assistance of a solicitor or claims company.
Can You Learn How to Claim PPI Yourself?
If you are really intent on learning how to claim PPI yourself there are a few things you should consider before going any farther. First of all, you will need to be able to convince the lender that he or she is indeed 'guilty' of mis selling PPI and you will need to be able to prove your case. Bear in mind that the reason your lender mis sold PPI in the first place was to make a profit above and beyond any monies realised from the loan. How likely is that lender going to be to give the money back? Secondly, according to the latest guidelines released by FSA, that lender should be offering full refunds if mis sold PPI can be established. Your lender is most likely to offer you a small refund as a 'settlement' and expect that you will take it.
Fighting Fire with Fire
Also keep in mind that your lender, especially if it is a high street bank, is most likely represented by high power solicitors. Any 'evidence' you can find the solicitors can find a way around it. Whilst your claim may not make it to an actual court of law, those solicitors talk a good talk and you just might by stymied by their legal jargon. If you were mis sold loan insurance and are asking how to claim PPI yourself, there may be another answer to the question which you may not want to hear. Yes, you can file a claim by yourself but there is an easier way to do it. Granted claims solicitors can be quite costly, but a claims management company like Belmont Thornton, Belmont Thornton, can actually take the bulk of the burden off you so that you will be able to lean on us for support during the days ahead. We can help you fight fire with fire because we can be just as persuasive as any solicitor in the UK.
Try speaking with a member of the claims team before making up your mind to claim PPI yourself. The initial consultation is free and we work on a no win no fee* basis. You are always free to file a PPI claim as you see fit, but once you have spoken with the claims team you will be glad you ignored that little voice telling you to learn how to claim PPI yourself. That's a lonely path to take when you're up against the big guns.
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