Payment protection insurance had stolen money from you. The truth is, the product itself is useful and efficient. However, due to the manner it was sold, many customers initially ineligible for the policy had ended up paying for a product they can never use. You are entitled to claim for refund and compensation if you are mis-sold PPI, and you should do this as soon as possible. The Financial Conduct Authority has imposed a deadline on 29 August 2019. Here are a few more reasons to make a claim now.
Avoid The Huge Queues
The Financial Ombudsman Service (FOS), which handles issues between consumers and institutions, estimates that PPI claims will increase tenfold by the last few months of 2019. If you’re not willing to wait in the queue and want to get your refunds quicker, then today is the time to do so.
With only a year left to make a claim, a clogged PPI claims pipeline within bank claims centres would slow down claims processing. This means you will be delayed in receiving your refunds in the next few months and even beyond the PPI claims deadline.
Get An Instant Windfall
PPI had you pay £3,500-£5,000 for years. This amount is a certain windfall for many households who had taken out a loan, mortgage, or credit card in the last few years. Claim your refunds as soon as possible and take advantage of your additional financing.