Over the past many months, our claims specialists have been flooded with questions about how do you claim back PPI. Well, if you or someone you know took a mortgage or a loan over the last 10 years, then we are able to help you reclaim PPI payments f
(prHWY.com) December 5, 2012 - Glasgow, United Kingdom -- If you have any questions about how do you claim back PPI, then you must read this Press Release to get all the answers you need. We, at Capital PPI Claims are proud of the fact that we are now able to help a number of our clients get back their dues. Please read on to find out more.
Over the past many months, our claims specialists have been flooded with questions about how do you claim back PPI. Well, if you or someone you know took a mortgage or a loan over the last 10 years, then we are able to help you reclaim PPI payments from the bank or financial institution that sold you those products. But you need to file a formal claim in order to receive your refund. And that's where we come in.
But before explaining how do you claim back PPI, it might worth your while understand why your financial institution must now give you a PPI refund. It all stems from 2006 when consumers like our clients lodged complaints with Britain's Financial Services Authority (FSA) and Office of Fair Trading (OFT). Many of our clients sought to draw the attention of those regulators to the fact that many financial institutions had wrongly charged them PPI, even though some of our client did not require such insurance.
As a result of FSA and OFT investigations, it came to light that institutions like Barclays, RBS, Lloyds-HBOS and HSBC had wrongfully collected over £9bn in PPI payments. Over 6 million individuals, including many of the clients we have helped, were impacted. The financial institutions involved were ordered to refund all wrongly collected PPI amounts, including any interest due on such payments.
While this decision by the FSA and OFT spells good news for many of our clients, it has also been disappointing to others. Instead of your refunds being processed automatically, you now have to go through a formal process to claim your refund. What this means to you is that unless you follow the process and put in your application, you could miss out on getting the refund that's owed to you. Some clients could receive as much as £5k in as little as 8 weeks!
And that's where our highly experienced PPI Claims Specialists are helping ordinary people like you. We not only explain how do you claim back PPI, but have simplified the reclaim process for our clients. Once you provide some information about your claim, we take it from there. You don't even need to provide us original PPI policy documentation. We'll work directly with your lender to get it all.
The best thing about working through our PPI Claim's specialists is that you don't have to pay us anything unless your claim has been processed successfully.
http://www.howtoclaimppi.org
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