Have you been mis-sold payment protection insurance (PPI)? If yes then you can make a PPI claim in order to receive compensation. There has been an increase in the number of PPI claims from the past few years. Some people still remain unaware of the fact that they were being sold PPI by lenders through a number of unethical ways. Several banks put PPI complaints on hold and wait for the judicial review.
Following the banks defeat in the Supreme Court early this year, many believed that payouts would come with relative ease. Many PPI claims were resolved in customers’ favor but slowly the banks are fighting back. Banks such as Blackhorse, HSBC and many others are slowly issuing decisions rejecting Payment Protection claims. It is important to realize that each bank is entitled to individually assess PPI claims. If banks have documents confirming that paperwork was completed properly and that boxes were ticked on an application form then it is likely the bank will simply state that it will not refund any PPI on a loan or card.
However, it is important to always fight back. Simply because banks reject claims does not necessarily mean they are correct. The right to refer a disputed claim to the Financial Ombudsman service is a valid right and an important one. There is a 6 month deadline to refer a PPI claim to the FOS once rejected.
The fact that banks are capable to defend claims means that the initial complaint or statement of claim must be framed properly. Each bank has its own method of sale so a complaint letter which is not focused is likely to be turned down. Not all PPI claims can be won but many have been miss-sold. In order to get compensation it is important to make sure that the attack is planned well and any complaint is presented in the strongest possible light.
Even when PPI claims are referred to the Financial Ombudsman Service, the PPI claim has to be powerfully framed. The Ombudsman will not help anyone present the claim. The Financial Ombudsman Service deals in the complaints regarding the financial matters including banking, insurance, mortgages, pensions, loans, savings and investments, credit cards, etc. Besides taking your case to the Financial Ombudsman Service you can also take help of the Loan Protection Insurance company. There are numerous specialized claims companies that deal in recovering your PPI claims. In order to find out reliable and trusted PPI Claims Company you can search the internet.
JSK Claims are specialists in tackling PPI claims and winning disputed claims at the Financial Ombudsman Service. The company looks forward and put their best efforts in getting the maximum compensation possible for their clients. This well known company has highly knowledgeable, experienced and highly trained legal and financial professionals who handle their clients cases in an efficient manner. Each and every claim taken by the company is drafted with total care and attention. The company charges 10% inclusive of VAT service.
No comments:
Post a Comment