If you have lost money to the mis-sold PPI, then you reserve the right to claim PPI refund. The process is easy, and even though it is time consuming, any and all valid claim would be refunded. And, there is an authority to overlook that all the customers who have mis-sold PPI can claim and get their money without hassles, which is Financial Ombudsman Service. Whether they amount is small or large, the onus is on you to fight for your money, and get your right. Here are the few things to do to get your PPI claim refund quickly and without much hassle.
- First of all, go through the loan and credit card agreement and find out if you have PPI.
- Check the online PPI checklist to see if you have been mis-sold PPI.
- If you have been mis-sold PPI, file a claim online, over the phone or by visiting the bank’s branch office.
- Provide all the necessary documents and details along with the PPI claim.
- Wait for the banks revert and its decision on the PPI claims.
- If they reject the claim, you can always go ahead and contact the FOS or Financial Ombudsman Service for an independent review of your PPI claim.
- Always make sure that you correspond quickly, and that all the paper work is in order.
Many people wander how to claim PPI quickly and effectively, but to their surprise, the process is now easier than ever before. Moreover, the banks are very assistive in helping the customers to go through the PPI claim procedure. The process of filing the PPI claim can be done from the comfort of home by filling the PPI Questionnaire of the bank online, or by calling the bank’s PPI helpline and registering a PPI refund request. The customers need to submit the relevant documents as well as provide the details on how the PPI was mis-sold, and the banks generally try and revert within a few weeks.
The customers even have the option to contact Financial Ombudsman Service if the bank rejects their claim application, and if FOS also rejects their claim application, the customers can hire an attorney to file a lawsuit against the bank. Though, it is not recommended, it is an optional way to fight your case if you feel there is merit to it, and you have a valid claim waiting to materialize.