Trying to fight for the compensation that you deserve can be an uphill battle, but that doesn’t mean that the battle isn’t worth pursuing. You just have to make sure that you arm yourself with the right information and take action before it’s too late to take action.
You see, if you have had a loan product in the past, like same day loans, or even a home loan, you might have been offered something called payment protection insurance, or PPI. A lot of loans carried them in the past, and unfortunately people weren’t told about the tight eligibility guidelines. This means that people who purchased PPI didn’t even realize that they weren’t eligible to qualify for it anyway. If you fall into this category, you were paying for something that you couldn’t use.
If that makes you angry, don’t worry — you’re in good company. A lot of people feel betrayed because they agreed to paid for something that really doesn’t do them any good at all. Instead of just being angry you can fight back.
Trying to claim back PPI can be tricky, but what you need to know right now is that you don’t have to do it all on your own. You don’t have to feel like you’ll never get the money back. Did you know that you’re not only entitled to all of your old PPI premiums back, but also interest on the money that was taken from you? This is something that a lot of people don’t know about, and they could be missing out on quite a bit of interest. Some people have paid into PPI for literally decades which means that there could be a lot of money on the table.
How do you know how much you’re entitled to? Well, you can work with a solicitor that handles PPI cases so that you can get the full amount of money that you are entitled to. In addition, there may be other damages if it can be proven that paying so much actually deprived you of opportunities or created unnecessary hardships.
No matter how you slice it, this means that there’s a lot of money involved in this matter, and you should take it upon yourself to handle things accordingly.
Don’t worry about not being able to afford a solicitor — there are many that will work for no upfront fee, so if you don’t win — there’s no fee at all. They would only take a fee from what you’re able to get back. That’s definitely giving you the power to fight back against PPI, right? Check it out today!