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How to Reclaim PPI

There are a number of consumer advocate groups watching lenders recently as a result of mis-sold PPI. This is because no matter how much media and attention the issue has received is seems fairly clear that lenders simply do not intend to stop this practice. They continue to mis-sell PPI insurance on a daily basis even with all of the hype as of late. In fact to many people this is beginning look like nothing more than a racket designed to line the pockets of the lenders. To be fair there may be a few cases in which the mis-selling of PPI is done by mistake by a lender who simply forgets to check a few facts but for the most part it seems as though it is being done on purpose. No matter why it is happening the bottom line is you are being mis sold PPI. This leaves people to wonder how to reclaim PPI that has been missold to them. Millions of people around the UK are looking into payment protection refunds.

Why Do People Need to Reclaim PPI?

The answer to this question should be very simple. People are tired of having the money they work so hard for taken from them. They want to know how to reclaim PPI because it is what is right. The unfortunate fact is that is actually has to be done at all. One would think with all the bad press the government would have intervened by now and stopped the practice from occurring at all but sadly that is not that case as yet. This means that borrowers must still take action and figure out how to reclaim PPI.

Who Suffers the Most From Missold PPI?

The average refund that people are getting is at about £2,500. For most people this is not a small amount of money. In fact, some people cannot afford this cover at all but somehow have been forced into paying it anyway. The cold hard truth is that most of the people suffering the most as a result of missold PPI are people who are in lower income brackets and can hardly afford the loan let alone this cover as well. Payment protection insurance claims are so overwhelming right now, that lenders seem to be finding ways of procrastinating and making the process even more difficult for borrowers.

When looking at how to reclaim PPI the best thing to do is to call us here at Belmont Thornton and let us take on your case. We will not ask for a pound upfront which means you really have nothing to lose. If we do not win you a refund then you do not pay*. This makes it much easier to figure out how to reclaim PPI. In fact, we even have a simple request for a claim pack online that you can fill out and have it sent to you through the post if that is what you prefer. If you would rather discuss how to reclaim PPI with one of our team members then you can call us on 0207 471 2000.

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