PPI Claims – 3 Tips for Sure Compensation by June 2019

In spite of all the announcements, efforts and funds set aside, banks and similar lenders have not succeeded in compensating all clients who were mis-sold PPI insurance policies in the past 6 years.

Nowadays we have a deadline and this means that all claims must be addressed before that. It’s imperative to start the claim process as soon as possible, to secure a compensation by June 2019. In order to make sure this will happen, here are 3 tips to help you out:

  1. Do a credit check

This is an essential step especially if you no longer remember which credits you got and with which lender. It’s only human to forget some of the information. This will also be of help when you have no more documentation available.

  1. Start early

Especially if you’re going to make a claim by yourself, you must begin the process early on. This is because you need to perform checks and gather data from various places. Sometimes, loads of investigative work is required. With the 2019 deadline, you must ensure you can get it all done by then. We may be talking here about thousands of pounds, so it’s definitely worth it. Should there be any issues with the bank, you need to make sure you have the time to take your case to the Ombudsman if necessary.

  1. Get help from a claims company

Even if this means paying a fee for the service, it’s not surprising that many customers went this way. Claims companies are a truly efficient solution. These can perform a PPI check and detect any suspicious policy. They can find information you no longer have access to. Or, they will simply do everything for you and deal with the bank when you have no time. This is the way to make sure you get all your money back and in due time. Once the deadline is crossed, there is no way to advance a claim.

Do not abandon the PPI matter if you know you took out a loan in recent years. The payout is usually substantial.