Reclaiming PPI: Get Back What Was Yours To Begin With
Payment Protection insurance, or PPI for short, is a special type of insurance used to help “cover” loans, mortgages and credit debts. PPI is used as a form of insurance to guarantee your ability to cover your repayments even in the event of job loss or accident. So, if you have ever signed on the dotted line for a loan, mortgage or another credit debt you probably has an active PPI plan. Now, what if we told you that you might not have actually been “required” to have a PPI plan? You would want your money back, especially since it is rightfully yours.
What Is Reclaiming PPI?
Now, why in the world would you need to reclaim your PPI plan? Because, not everyone is looking out for you. Today’s world is wrapped up in greed up to its elbows. You do not have to have a PPI plan just because you have a loan, mortgage note or credit agreement. However, many companies would prefer you to believe that. They is just more money that they get to pocket; that is your money, not theirs! Ultimately, there are several reasons why you would need to file a reclaim PPI request. The most notable reasons include mis-sells, misleading information, and forced acceptance.
A mis-sell is where you really did not need to the PPI plan in the first place. This could be for a number of reasons, but really, it just boils down to one … they company thought they could pull the wool over your eyes. Misleading is where you were given information that made you feel as though you needed, when in reality, you did not. And finally, some companies have even forced you to have a PPI plan, even if you did not need one. If this has happened to you, then you should really consider filing a PPI claim request.
Should I Use A Reclaim Specialist?
All too often, we believe we have the knowledge to handle what appears to be so simple. However, we quickly find out that we really did not understand how to re-tile our kitchen like with thought. Well, if you think you can reclaim PPI payments without any “true” understanding of the processes and procedures, you are in for a rude awakening. Sure, you can wade through all the legal jargon and “mumbo-jumbo”, but seriously, how many of us really have that much time?
Reclaim specialists handle everything for you. They have already been through the reclaim process, they know the laws that benefit you, and they do not have to cook dinner and clean the house today. Because they are unburdened, they can stay on top of the claim until it is ultimately settled. Additionally, some specialist companies even offer a guarantee that if they are not successful in your reclaim request that you do not have to pay them one single cent. At this point, using a reclaim specialist makes a lot of sense … especially, if they can get you a lot of “cents”.
So, unless you are loaded with the extra time to haggle with all the “right” people, it is best to let a company handle your reclaim PPI request. Sure, you can go through all the legal hoops and steps; but, what if you make a mistake? Do you really want to be denied over and over? With several companies specifically dedicated in helping you with your reclaim PPI request, why would you even consider doing it yourself? Save yourself the headache. You will be much happier with the end result if you let a professional company take care of your claim.
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