Find out exactly how to reclaim your PPI

You may be eligible for a PPI claim without even knowing it, so here is the vital information about how and when to reclaim your PPI

08:14 06 September 2013

Many people still don't have a clue as to how PPI claims can be made or how they are calculated. It is actually very easy to find out whether you qualify for a PPI reclaim or not and even easier to reclaim it yourself. Here are some tips to get you started:

• Not only specialized companies can calculate PPI claims and obtain these reclaims for you! You can reclaim your PPI doing the whole process yourself, with guidance from competent websites on the Internet;

 

• companies can take up to 30% of the PPI claim if you are awarded one, so make sure that you don't end up paying too much to a company if you chose to reclaim your PPI using one;

 

• there is no deadline for obtaining your PPI claim;

 

• the only time-specific problem with PPI claims is that bank records can be deleted 6 years after the transaction was finalized;

 

• Even in this case, you may still be awarded a PPI claim if you have copies of the transaction and send them to the required financial institutions. In fact, many persons have been awarded PPI claims for transactions that ended 6 years ago, although the process has been a more difficult one;

So what you need to be aware of is that PPI claims can be calculated by you yourself, this is not a difficult task and don't have to necessarily rely on the help of a financial company. Also, don't forget that, even if banks will tell you that they don't have the required paperwork anymore (in case the transaction took place 6 years ago), you can still continue to fight for your PPI claim.