If you think you may be entitled to make a mis-sold payment protection insurance claim then you have two options. Firstly, you could contact your bank or other lender to make the claim yourself; an option which many regular members of the public find to be an intimidating and complicated process. The other option is to use experts at a claims management company for the ultimate in ease and convenience.

Perhaps the most difficult part of making a PPI claim is the assessment of whether you have actually been mis-sold payment protection insurance. The question is surrounded by complex laws concerning how long ago the lending account must have been active, what to do if the loan has since been paid off, and what to do if you were self-employed or retired when the payment protection insurance was sold. For many people, the correct documentation concerning the mis-sold PPI has been lost or destroyed, perhaps years ago. Everyone has different circumstances around their mis-sold payment protection insurance, and it can be difficult to find out if you are entitled to make a claim without any experience in financial law.

Claims management companies often offer a free, no-obligation assessment into whether you are entitled to make a claim. Carried out through a short and easy online form or in a quick phone call, you can find out for free whether you are entitled to make a claim in just a few minutes. They understand that you dont want to waste time and effort contacting lenders if you may not be entitled to a claim at the end of it.

Claims management companies dont only make the claims process easy, but convenient too. Allow them to handle your claim while you sit back and wait for your cheque to arrive. Reliable companies work on a no-win, no-fee basis, meaning you have nothing to lose with your claim but could receive a cheque for thousands of pounds.

ABC Claims Management can make a no-win-no-fee PPI claim on your behalf. Their friendly advisors will a give free no-obligation assessment of whether you are entitled to PPI, and if you are, they can deal with the claims process for you, allowing you to simply wait for your cheque to arrive.

Mis-sold payment protection insurance by ABC

What is PPI?

Payment protection insurance is a form of protection offered with lending products such as mortgages, loans, catalogue credit purchases, credit cards or store cards. It serves the purpose of protecting payments for one year in the case of accident, sickness or unemployment, generally paid either as a one-off fee or as a smaller payment with each repayment.

Not all PPI is mis-sold; for many it is a valuable form of insurance which can help protect their loan repayments in unfortunate circumstances. But the mis-selling of PPI was an unethical scandal which affected millions, resulting in lenders being ordered in 2011 to repay billions of pounds.

How was PPI missold?

The mis-selling of PPI mainly occurred over the past two decades, although some claims are made on PPI sold before the 1990s.

Payment protection insurance was mis-sold when:

- It was added to a lending product without the consumers knowledge
- The consumer was misled into believing PPI was not optional, or would help with the approval of a loan, credit card or mortgage
- The terms and conditions of the PPI policy were not fully explained
- The consumer was self-employed or unemployed when they were sold the PPI
- The consumer was medically exempt from the policy at time of its sale

The mis-sold PPI scandal happened systematically in many high street banks and lenders. PPI repayments generally see customers receiving 15-30% of their total loan balance back; a payment often worth thousands of pounds for each claim.

There are many complex restrictions around making a mis-sold PPI claim. You can make a claim after the loan has been closed, providing your account has been active within the last six years. You can also make a claim on open accounts and accounts which are active or have been active within the last six years if your PPI completely has been paid off. There are also ways to claim back mis-sold PPI if you do not have the appropriate paperwork evidence, and even if your credit company has since been taken over.

How can I claim back missold PPI

As claiming back mis-sold PPI is a complex process you should allow an expert claims management company to handle your claim. They should advise you on whether or not you are entitled to compensation for free, before undergoing the complex claims process on your behalf for a no-win, no-fee basis.

ABC are a trustworthy claims management company who claim back around ?1 million of mis-sold PPI every month. Speak to their PPI advisors to find out for free if you are entitled to make a claim.

More about the mis-sold PPI claims process

Making a PPI refund

Speak to a professional claims management company to find out how you can receive a Payment Protection Insurance (PPI) refund. They will assess whether or not you are entitled to a PPI reclaim and handle your application for you, meaning you dont have to learn the complex conditions of PPI or contact banks and lenders yourself.

Finding a reliable company to make your PPI refund

PPI reclaim companies often have a bad reputation. You may have been warned about fraud companies which can leave you with a bill which is higher than your PPI refund, and thats if they win your case at all. You need to choose your claims management company carefully to avoid losing out, but in doing so you will be able to make a claim for potentially thousands of pounds with no effort on your part.

Look for a company which:

- Offers a free assessment of whether or not you have a case. Be sure that you are not going to be charged for enquiring about your possible PPI reclaim application. Some companies offer a practical postal service to enable you to claim with minimal effort, and some will even come to your home for the ultimate convenience.

- Works on a no win, no fee basis. You will not want to lose money out of your application to claim back PPI, and a no win no fee company will only take any money if they do win on your behalf. By choosing a company which works on this basis you can also rest assured that they are going to do all they can to win your case, because if you win, they win.

- Offers to obtain all of the correct paperwork for you if you do not have it. This is the role of your PPI claims management company. Dont spend time contacting your bank or lender about paperwork, your refund company should do it for you.

- Do not charge excessive fees. Check the costs which PPI reclaim companies charge should you win. 25% and an administration charge of around ?100 is reasonable, and you are likely to still be receiving an adequate figure after they have taken their share. Some companies charge in excess of 80% and an administration charge which can leave you worse off than before you made the claim.

ABC Claims Management are a reliable PPI claims company which you can rely on. Contact them today to find out whether they can help you claim back the thousands of pounds you may be entitled to.

ABC Claims Management