How to get Successful PPI claim?

PPI claims (Payment Protection Insurance) is actually a claim which is made by the borrower when he has been mis-sold the PPI policy. PPI were sold by banks like Barclays, HSBC, Halifax, Loyds TSB, Santander when someone applied for a loan. It appears that Payment Protection Insurance were missold because they were added to the loan directly.

The rejection rates of PPI claims are very high. All you need to do is just be prepared with your documents related to the PPI policy which you were sold. By preparing all the documents you will be able to answer all the questions asked by the bank regarding why you were mis-sold the policy and most importantly, you should have a concrete point.

There can actually be a lot of reasons because of which one needs to make a PPI claim. PPI policies are most of the times sold to those people who actually don't require it. The root cause of this thing is actually the high pressure selling techniques applied by the salespeople. Sometimes PPI policies is sold to those category of people which actually don't lie in the category to which PPI policy can be sold for example pensioners and students. It is very important to firstly understand that PPI claim is not about claiming back what the borrower has paid; it also means claiming interest charges.

To successfully make a PPI claim one need to just keep some things in mind. Firstly take a note of each stage in the process of your PPI claim. You need to have all the information about your PPI claim. Gather all the documents related to your PPI policy and you should know when the policy was sold and how it was mis-sold to you. The more you know about your claim the stronger it will become. As you have been unfairly charged for your loan you must know how much the bank charged you for it.

One can also write a letter to inform the bank about the claim for the refunds of your mis-sold PPI. You might need a legal service while lodging a complaint against the lender. At the end just remember that you should know every ins and outs of your claim, that’s the only mantra for a successful claim. 


If you wish to make your claim yourself, here's a good start click on the books, they are less than £1!