When you realise that you have mis-sold your claim for payment protection insurance (PPI), then you tend to stress out more. In today’s world of technology and blazing speed internet services, it would be easy to claim PPI compensation online. While many of us are not aware of it and we still be looking for answers, you can claim your PPI compensation over the internet. Today there are numerous firms spread all over the UK that help us do this with ease and convenience. So, if you think we have mis-sold PPI, then this article would help us to claim the PPI. Before you move on let us understand, what payment protection insurance (PPI) actually is. PPI is very commonly sold with financial products such and credit cards, store cards, mortgages and other different kinds of loans. PPI is designed in a manner that it compensates for payments in case of an illness, accident or death. Earlier, PPI was sold when you took a loan, a credit card or a mortgage. It was designed to cover the monthly payments on the credit agreement in case you were not well or lost out on our job. But you often make the mistake of mis-selling the PPI due to lack of knowledge.
So, how do you claim our PPI?
- The first thing to do would be to find all the documents that are relevant and get photocopies of them. The documents should include ones that prove you have taken out a policy and have been making payments for the same. If you are not sure of whether the document is relevant, you could get in touch with the firms that would help us claim PPI compensation online.
- The second thing to do would be to write a letter to the loan, credit card or mortgage provider that sold us the PPI. You could send all the documents you feel are useful. In the letter, you should also mention why you feel they mis-sold the PPI. If you do not hear from them within eight weeks, you could send a complaint to the Financial Ombudsman Service that will ask us to fill out a questionnaire that will decide if we have mis-sold the PPI.
Today, when we realise we have mis-sold our PPI and we need to get compensated for it, you could speak to firms that have been helping out consumers like us for years to claim their PPI compensation online. Taking the offline route is time-consuming and there is a lot you need to take care of. But owing to our busy schedules and hectic lifestyles, it is not always possible to get it done. This is where these firms come into play to help us get through the PPI compensation.