• Uncategorized

    Where things stand right now with PPI

    You will be unable to make a PPI claim after the 29th August 2019, which is now just over 5 months away, that’s less than 22 weeks, and counting. To give that context, a lender is meant to respond to the initial claims for mis-sold PPI within 12 weeks. Over £30 billion has been claimed so far, with 1000’s of customers yet to make a claim. Here at Reclaim PPI, every month we are seeing more and more people enquire as we get closer to the deadline, and we are seeing that some banks already have a back-log, due to the volume of requests. Not only can you claim for…

  • Uncategorized

    2019, the last time to reclaim PPI

    With less than 6 months to go until claims for PPI refunds can no longer be made, now is the best time to start your check, before it’s too late. After the deadline it will not be possible to make a claim and the money set aside by banks and lenders for refunds will stay with them, and not go to the customers it is due to. Facts about our wins so far this year: In February this year: We won 4,733 claims for our customers The total amount claimed back for our customers was £11,605,024 The customer with the biggest win received £66,926 In January this year: We won…

  • Uncategorized

    Help to spread the word

    In his TV show on ITV last night (25th February) financial journalist and consumer financial expert, Martin Lewis, highlighted that we are at the tail end of the window to reclaim PPI that may have been mis-sold to you. “Anyone who has had a credit card, loan, mortgage, overdraft, car finance, catalogue debt, in the past 30 years [could claim],” said Martin. What do you need to claim? If you have the documentation you can start your claims right away, if you cannot remember what you had, you can obtain a credit report for the last 6 years, free of charge, from a Credit Agency such as Experian, Equifax or…

  • Uncategorized

    A race to the end?!

    With the deadline to make your claim for mis-sold PPI only 28 weeks away (from date of this blog), there has been a lot of discussion in the media recently about even further problems and issues. It’s seems like it’s a race to the end! The Moneysaving Expert, The Sun and The Telegraph have all reported recently that the FCA (Financial Conduct Authority) have ordered companies who mis-sold PPI polices, who have rejected customers complaints, to write to them telling them they can claim again. It’s estimated by the FCA that there are up to 150,000 customers whose PPI claims were rejected. The FCA website states: “You can complain about…

  • News

    Have we got old news for you!….

        Why are we telling you about old news?! Well, the information we reference below released in 2017 still remains relevant today and now the deadline is looming, so it’s time to act fast before the banks get to keep what may rightfully be yours. According to an article in The Guardian back in July 2018, “UK banks could face new multibillion-pound claims after PPI ruling over mis-selling may allow cases that have been rejected to be reconsidered”. The article explains that “Britain’s banks face the threat of a huge new PPI bill that could add billions of pounds to the £30 billion already paid out in compensation, following…

  • Uncategorized

    Why use a Claims Management Company?

    You may already be aware it is possible to carry out your PPI check and claims yourself and this is absolutely true. It would not involve costs to you other than postage, paper, ink and possible phone call charges, but it will take up lot of your time. Here are some key points to consider when making your decision on whether to do this yourself or use a Claims Management Company. Fairness If you have been told by your lender that you have a claim, do you know if the offer they make is fair? Is the offer in line with the FCA guidelines? Dealing with the Financial Ombudsman If…

  • Uncategorized

    2019 – The Year of Deadlines – Don’t Miss Out!

      This year will see many important deadlines take effect, we’ve all heard of Brexit but there are also a number of other financial deadlines taking effect, including the deadline for applications to reclaim mis-sold PPI. After 29th August 2019, claims for reclaiming PPI will no long be accepted. August may seem a long time off but it’s now less than 8 months, and counting. A lender can have up to 40 days to issue a response to a claim but it can take 2 months to receive a response. The sooner you start your claim the better, to beat the rush. From the 29th August onwards there will no…

  • Uncategorized

    Make Christmas special and keep 2019 money-worry free.

    For many Christmas can be tough for a number of reasons, money and the pressure to spend is one. So, here are some tips to help you spend wisely and enjoy the festive season Work out how much you want to spend per person, both on food and on presents Be like Father Christmas and have a list – check it twice! Avoid the temptation of impulse buys (will the recipient really need or want that?!) Empty out your pots of change, use gift vouchers and bonus points you’ve collected Track your spending, using cash is a good way to keep an eye on how much you are spending If…

  • Uncategorized

    Want to know more about who we are?

    Established in 2007 by experts in technology and the banking sector, we at Reclaim PPI identified an improved online journey for reclaiming money, from mis-sold PPI policies. We keep our costs as low as possible by renting office space on the 13th floor (not many people are keen on 13!). We employ a fantastic team of processors who use our sophisticated online system to communicate with the lenders. We don’t make those annoying cold-calls or send spam emails to potential customers, so our time is not wasted there and our team are happier so they can focus on what really matters – getting your money back to you. Our tech…

  • News

    Met with a groaning sigh, but are all PPI reclaim companies really that bad?

    The scandal broke in 2007 of how, for many years, banks and lenders unfairly mis-sold PPI policies. This was, and still is, huge news. It gave many industry experts a chance to shout about the wrongs and encourage customers to check their agreements to see if they were mis-sold. However, when a customer discovers they did have PPI applied to their loans or credit cards, it opens a can of worms of complicated, confusing and sometimes frustrating conversations with the lenders. This meant many people did not, and still have not, checked to see if they had PPI and made a complaint for compensation. Alongside this, unscrupulous companies spotted an…