PPI Expert Answers Your Most Pressing Questions

business card ?Millions of people in the UK were illegally sold PPI policies by banks and credit card companies, but now, thanks to the government, you are well within your rights to get every penny back…even if the policy was from 10 years ago!

Our resident PPI expert has decided to answer your most pressing questions about PPI. Over to the expert…

Should I use a PPI claims company?

Unless you are a financial expert (like me) well versed in the subject of PPI, then you should definitely use a PPI claims company to handle your case. I recommend www.ppiclaimshandler.co.uk if you want to work with experienced professionals who know how to get quick results.

Is there a time limit for claiming back PPI?

Generally speaking, there is no limit for claiming back PPI. As mentioned earlier, even if your policy was from 10 years ago then there is a high chance that you will be able to get every penny back.

However, while the good times are definitely rolling at the moment, that’s not to say that this will last forever. The banks and credit card companies have been putting a lot of pressure on the government recently, and it wouldn’t surprise me to see PPI refunds become outlawed in the next few months. For this reason, if you have yet to make a claim then you should do so immediately.

How much could I be owed?

That’s hard to say without looking at your individual case. Recent statistics have shown that the average PPI payout is around £5000, although the money you receive could be lower or higher than this amount.

The only way to find out for sure is to speak with a PPI expert who will be able to take a closer look at the policies you were mis-sold, and then use all of this information to come up with a ballpark figure of how much you are owed.

What can I spend my PPI refund on?

Once you win your PPI claim and the money has been refunded into your bank account, you will be pleased to hear that you can do anything you want with the money. Maybe you fancy treating yourself to a holiday in the sun? Or perhaps a new car is high on your priority list?

Ultimately, no matter how much money you receive, it’s important to take care of any debts first. Let’s face it, millions of people in the UK are struggling with personal loan and credit card debt right now, which means a nice chunk of PPI money will go a long way to solving this problem.