Three Difficulties You Can Prevent When Claiming Mis-Sold PPI Refunds

June 4, 2018
by admin in PPI News

The FCA’s 29 August 2019 deadline is coming closer. Before you lose your chance to claim your refunds, it is vital to make a claim as soon as you possibly can. Unfortunately, that means having to file your complaint alongside hundreds of thousands just about to do the same. Here are three common PPI claim difficulties and the solutions you can take to ease the process.

Proving You Were Mis-Sold

Bank employees used unscrupulous tactics to sell PPI to ineligible customers. If you have documentation that proves you were unemployed/self-employed, injured, or suffering a medical condition during the time you took out your financing with PPI, you can easily prove you were mis-sold the policy.

Banks Only Keep Six Years of Transaction Records

Banks will try to keep customers off their back by citing they only keep six years worth of transaction records for any financing including mortgages. However, a credit score review allows you to see the entire transaction performance beyond six years for any financing you took out including all the PPI repayments you’ve made.

Going to the Financial Ombudsman for Re-Processing

The FOS will give the final verdict for any mis-sold PPI conflict but takes plenty of time from customers having to do a second round of making claims. By contacting a PPI claims company, they can save time and allow themselves their full refund and compensation.