Guidance For Making PPI Claims

23/02/2011 by admin.

As we receive literally hundreds of ppi claims each week it may be worth pointing out what makes a good claim and what ppi claims are more likely to succeed. Several years back early Claims Management Companies would produce template claims to ppi sellers in the hope they would roll over and payout compensation within weeks.

However, those days of ppi claims have long gone and banks are now scrutinising ppi claims a lot more rigorously . Even before completing any form or questionnaire, always imagine how you would present your case as if it were to a Court. What would you say? How would you present your case?

This may sound unnecessary but how you view this is how you also need to present your ppi claim whether personally or via a Claims Management Company. For each enquiry we send out a ppi claims pack.

This contains documents like Letters of Authority enabling us to contact the customers bank and a Consumer Questionnaire so we can get details of the policy that was missold.  All this information is vital in order for us to compile a professional case to the policy seller, yet each day we receive claim packs with no more than a name and address with “I think it was missold” or “I did not know I had it” scrawled across it.

Again, I refer back to my point above, it you were to present your ppi claim to a court is this all you would present? Helping your Claims Management Company with ppi claims is vital if it is to be successful. Here are some tips for the successful completion of ppi claims forms.  1.      Take your time. Form filling is a chore we all hate, but the more information you can give the greater the chance of success. 

2.      Always put aside time to complete the ppi claims pack and do not rush it. Remember this could be money back in your pocket. 

3.      Complete, sign and date every section as required. Skipping sections to save time may mean the ppi claim being rejected and being sent back to you for further completion.  4.      Remember if there are 2 policy holders (for a joint loan or mortgage for example) forms will require both signatures. 

5.      Your ppi claim must include details of why you think your ppi policy was missold. This is usually in the form of a statement. Again, do not simply write “It was missold”. Add details of why you took out the finance, was it sold over the phone or in a bank. What was said by the salesperson. Were your personal circumstances, employment or other insurances discussed and taken into consideration.  6.      Finally, enclose copies of all correspondence between you and the policy seller. Copies of credit agreements, statements and letters showing the existence of PPI will help any ppi claims. If you have tried to claim before, also enclose copies of letters between you and your bank.  

If you feel you have a claim for missold ppi or require any assistance with making your PPI claim contact Claiomline Legal on 0800 779 7457. www.claimlinelegal.co.uk 

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