Consumers Only Have MONTHS Left To Claim For PPI. Here’s How To Do Yours Effectively

January 2, 2018
by admin in PPI News

By 2019, consumers will only have a few months to claim their refunds for a mis-sold payment protection insurance policy. According to the Financial Conduct Authority, consumers will have no legal support after the August 29, 2019 deadline. To make sure your mis-sold PPI claims are effective this year, here are three things you can do.

Data Access Request

Consumers cannot directly ask their banks for their entire financing’s history. However, they can ask banks if they wish to pay for it. It costs £10 to process a data access request, but you can use all the information you collect here to substantiate your claim for refunds.

Credit Rating

Check your credit rating and evaluate the factors which have affected your score. You will find all the activities you have undertaken for each financing you have begun and finished. You can then use this information to substantiate your claim effectively.

Claims Management Companies

While the FCA and government warn that claims management companies (CMCs) are a waste of money, they will never waste your time. You can have them work on your claims in the best way: by having it do the entire work for you. They will only take a small amount from your refunds, but they will get the complete amount just for you.