Heihei is many years later, and the

Heihei is many years later, and the dispute is still ongoing when it comes to PPI. People are still being mis sold protection insurance, and there are still thousands per week, whom are trying to reclaim their PAYMENT PROTECTION INSURANCE premiums. Many customers prefer to work with a specialist in that particular field since they know all the important things one needs you need to do. However, if you wish to do this on your own, it isn't overly difficult. We will give you many hints in a basic style theme which you can fill out with the most information you could gather, and then send it away from to the banking institution.

First, should you file for your payment protection insurance claim back, keep in mind that you will probably get automatically refused or denied your claim. Don't allow this scare you off; this is something which has been coming to light since recently, which banks are doing. This permits them to only have to payout about 15% of all claims as that is approximately the amount of complainants that continue their actions against the financial institutions.

Make sure that you accumulate as many documents and records, along with receipts you may have for your premium repayments. Sit down and try to recollect what the sales rep told you when you purchased the protection insurance. Go into as much detail since you can, even if it is just for your own records. Contact your lender and find out and to whom as well as the address where you need to send the PPI claims.

Once you have this all together, it is best to use a word processor regarding some type, if you do not have any software program ppi compensation on your computer, you can always use numerous free of charge applications which can be found online.

Structure the letter such that it is business fashion, with a header, date and to whom it is addressed to. Be sure to include your account number. In your opening section, be sure to state that you believe you were los sold payment protection on the account amount (add account number), and you wish to reclaim your premiums. The next few paragraphs should be outlining how you were mis purchased the policy (we find making use of bullets makes it more appealing). The next paragraph should state that you expect the full refund of your policy plus the statuary 8% interest, unless they can show you were sold the policy under legal standing. Finally, your closing paragraph can re-iterate what you discussed, and that you anticipate prompt action, etc.

Try to choose your letter as professional looking as possible. Nevertheless, expect to receive an automatic denial of your lay claim. In that case you can pursue it when you go to the FSO or contacting a professional firm whom can take on the issue for you and help you with your PPI claims.