Official data released by the FSA shows that PPI complaints have reached record highs, with a rise of 85% in the final months of 2011. With a further 12 million PPI customers yet to claim, a leading claims management company is urging consumers to claim back what they deserve before it’s too late.
Following guidelines from the FSA urging banks to contact all customers who may be entitled to a redress, PPIclaimback.co.uk is advising people to respond within the three-year deadline for making a claim. More than a million complaints have been made to firms about mis-sold PPI, but the FSA believes that 90 percent of the 12 million are still to instigate a complaint; a total of 10.8 million could still be eligible for a payout.
The banks and insurers are expecting to pay out a total of £8.6 billion in PPI claims; which is insurance sold with loans, credit cards, store cards and car finance to cover payments if the borrower lost their job or fell ill. Consumers should make a complaint within six years of the event of the PPI sale or within three years of becoming aware that they had cause for complaint. Receiving a letter from a bank or insurer advising that you might have a claim will initiate this three-year period but why wait for them to contact you? You can find out if you are entitled to a claim with just one call to PPIclaimback.co.uk
John Goodfellow, Chairman at PPIClaimback.co.uk, says:
“Consumer complaints about financial institutions are up by a fifth, but there are still millions of people who are yet to claim. Many are not even aware they may be entitled to a payout, however with banks now contacting consumers directly, customers must respond within the three year time frame to ensure they receive a full redress.”
www.ppiclaimback.co.uk has helped thousands of people to claim, and has successfully won over £100 million in compensation already. The leading company has helped manage claims worth thousands up to £86K from a wide range of financial services, including the biggest high street names. The customer benefits from an independent professional financial service consultant, who can manage the claim from start to finish.
John Goodfellow adds:
“Our service is an easy way for customers to make a PPI complaint, which when done privately, can be time consuming and stressful. Our primary aim is ensure the customer receives their full entitlement, including lost interest, before it is too late.”
www.ppiclaimback.co.uk is a trading style of Investor Compensation (Claims) LLP who are Regulated by the Ministry of Justice in respect of regulated claims management activities.
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