The entire PPI scheme is one that is bound to make you frustrated and pretty angry. After all, the news of lenders and their representatives purposefully mis-selling PPI policies that were designed not to be good insurance cover for consumer is pretty brutal. We want to believe that when we’re offered products and services, it really is for our highest good and that people aren’t trying to hurt us. Unfortunately, it really doesn’t work out that way all the time, and it means that you have to look at your problems differently. If the damage has already been done in your life, you might wonder: can you actually reclaim PPI?
The answer is a loud yes, and it’s going to be up to you to figure out how to do just that. When you really find that you’re ready to get back the money that was stolen from you with interest, it’s time to find good legal representation. We might sound a little conservative, but there really is something to be said about holding back and not just going through this on your own. When you’re emotional in any way, it’s very likely that you’re not going to make the best decisions. In addition, you probably don’t have the same type of legal expertise as a professional — so why pretend that you do?
You want to step through the PPI reclaim process logically. You could even have multiple PPI claims to make, especially if you’ve had multiple loans or even mortgages over the last ten years. The more informed you can be on the process, the easier it will be to help relatives go through the process as well. The older generation should be just as frustrated as you are, if not more so. They’ve been stolen from as well, and you can always find time to help them fight back.
It’s all about ensuring that you have the right information. A solicitor will work for you on a no win no fee basis, which is exactly what it sounds like. If you don’t win anything, there’s nothing to pay. You won’t have to worry about any scary legal bills showing up for you.
The road from here is all about getting the right legal team and also making sure that you know how much is at stake. Look through your documents as much as you can — then take your next steps. Good luck!