Over 10 million people in the UK have been mis-sold payment protection insurance and that is a fact. Over 10 million people were sold a financial product that they did not need when taking out a loan, mortgage, or credit card (or even some store cards).
So Why Is This Exciting?
This is exciting for anyone who suspects they have been mis-sold payment protection insurance, because they could be owed a lot of cash in compensation!
There have been over 1 million ppi claims in the last 12 months and this is a figure that is increasing daily with literally thousands of individuals submitting their claims to ppi claims management companies.
What help is available for me if I want to make a claim?
There are over 100 companies in England alone that can help you reclaim your ppi premiums. This company is perhaps the most recommended because they have an excellent record in getting back the ppi compensation for the premiums that these people have paid out for.
But of course, there are lots of other companies as well. You can even choose to claim your compensation all by yourself for FREE. However, it can be quite a process for people who have not attempted to do this previously. So be aware of that if you wish to claim your money back alone…
In terms of claims management, there are over 1000 experts in the united kingdom who will also help you in making a claim, and that is along with the 1000 staff that were recruited by the FOS recently to handle the huge number of claims being put through to them.
Yeah but, How Long Before I get my money?
Usual timescales to payouts for ppi compensation are somewhere around 2-3 months, as some cases need to be chased up further in order to ensure that everything is okay with the case and also to allow time to wait for the offer from the banks.
Getting the claim started is key when considering how much time it takes to get your money back for you.