Monthly Archives: August 2011

How to claim PPI refunds?

PPI refund

PPI refund

The internet is now our planet’s reference library. Whatever information you need, you will get almost anything here. Perhaps, you might be thinking of how to claim PPI refunds. This article will help you to reach whatever objectives you might have regarding the way to claim PPI refunds. It can be done in three easy steps.

The first step is to write a letter to the lender stating why the policy was mis sold to you. This should be easy enough to write because most of the policies are sold in such a way. If you are not sure of the reasons, it can be the following:

1) Not checking employment history
2) not checking medical history
3) stating that the policy is mandatory
4) not informing customers that the policy has been added to the loan, credit card or mortgage

You should finish writing the letter promptly, correctly and completely.

The second step is going to be prepared for the bank to reject your claim. In a situation like this, you should not panic and accept what they say is true. All you need to do is to stay calm and write to them again, restating why the policy was mis sold and demanding that you are refunded within fourteen days.

The third step will be to get help if needed. It be quite daunting if a big financial institution tells you that you are wrong, even if you are right. Get help by contacting the Financial Ombudsman. If you are finding it tough to handle it, then get the help of a specialist solicitor, preferably one that is no win no fee.

Follow the steps and you will not face any difficulties in getting your PPI refunds.