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What to consider before choosing a Ppi claim company?

You think you have been a victim of missold payment protection insurance? Then, to impede any further financial loss, it’s imperative that you take a legal step and file for compensation claim. Once you decide that you have to take the legal way, it’s important that you seek the assistance of any of the legal experts; an attorney or a renowned agency.

Filing claims is one of the trickiest processes; hence it is imperative that you seek the services of an expert solicitor and the easiest way to find one is by seeking the services of a Ppi claim company. All the agencies help you make an informed choice, but before you opt for a particular company, it is also important that you know what to look for in a good company.

The first and most important facet that you should look up to is that they are licensed and registered, only then are they permitted and entitled to pursue the process for you. They should also have a known background for handling missold payment protection insurance claims. Only if they have the expertise and the skill to handle such cases, they would be able to understand your needs and guide you as to how much compensation you can claim for. They will also have a team of expert attorneys and lawyers. And, according to your needs they will assign a dedicated notary to you who will handle your case with utmost sincerity and proficiency.

Once the agency has filed the claim on your behalf, make sure that you are informed at each and every step of the legal process. If the agency fails to update you on the developments of your case, then you are in wrong hands, and you might have to look for an alternative. Also, ensure that you get a client care letter from the agency you opt. A client service letter will endow you with a clear-cut picture as to what all services you will be entitled to.

Along with all this, it is also imperative that you are clearly aware of the outlay and expenditure involved. You might sign a contingent fee agreement with the agency, yet there might be some other charges that you might have to pay at later stage. Make sure, you clearly speak to your company in this regard. The fact is that there are numerous ways to find out about an efficient Ppi claim company, all you have to do is be attentive, understand the basic rules and then seek their assistance to get back what you rightfully deserve.

Kirti Saxena is a web enthusiast and a writer. Kirti has afforded her articles and write-ups autonomously and through various online forums.
To know more about Ppi Claim Company On the surface, Payment Protection Insurance (PPI) appears to be a useful tool, which will provide a safety net for consumers in times of financial hardship.

The theory behind PPI is simple — it covers you against an outstanding credit card, loan or mortgage debt if you suddenly become unable to pay it due to an accident, sickness, unemployment or death.

PPI usually covers the minimum repayments and only does so for a limited amount of time, which generally lasts for a year, by which time it’s expected that the borrower will be able to pick up the financial reins once more.

However, it’s estimated that 90 per cent of the more-than-20 million PPI policies taken on by consumers were mis-sold, leaving many in dire financial straights when they came to claim.

These include the self-employed, who may have been told they were covered when this wasn’t the case and people approaching retirement, who would be expected to continue paying premiums, even though PPI is worthless once a person has finished work.

Some lenders even added the insurance onto loans without telling the borrower, whilst others told their customers that they couldn’t issue the loan unless a PPI policy was tagged onto it, or didn’t give them enough information about what the insurance entailed.

However, the banks have now finally given up their challenge against being punished for mis-selling so many PPI policies, meaning that consumers who have been wronged can now start claiming compensation.

Here at MoneyExtra, we can help you win back the money they you’ve paid into the policies, which averages out at around £2,500.

After you’ve been messed around by the banks so long, we want to help make the process as quick and easy as possible — all you need to do is contact us, we’ll let you know if you have a valid PPI claim and then help you regain your money.

It’s certainly worked for a number of our clients so far — we’ve won back thousands of pounds for our customers from all manner of lenders, including close to £10,000 (£9,789.47) from Lloyds, £9,000 (£8,914.17) from Santander and £8,000 (£7,835.89) from Halifax.

Our biggest victory so far has been against Picture Finance, where we helped a customer regain nearly £20,000 (£19,638.25) after they were mis-sold PPI.

However, if you’re happy with taking matters into your own hands, we can help there too — we’ve got a sample letter on our website that you can print off and send to your lender to help you make your own compensation claim.

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