PPI claims are definitely not a secret anymore in the UK. People are learning more about this every day and especially since the government ruled that people have the right to get their money back from the banks and other lenders that have fraudulently (in essence) sold them their payment protection insurance. You can hear about this everywhere you go and it is no wonder. It is estimated that more than 20 million of these policies have been sold and that in more than 90% of cases, the client did not have the sufficient information on which to decide whether to take out this type of policy. Of course, this means that 90% of people who have taken out this policy essentially have the right to make a PPI claims.
One of the most important things to remember about the PPI claims in the United Kingdom is that not absolutely everyone has the right to make them. Some people knew perfectly well what they were getting and they knew what they were paying for. However, a much larger percentage of people were sold something they did not want and that they did not need, which makes them more than entitled to make PPI claims.
You should also remember that the bank or any other company that has sold you this type of insurance will go out of their way to dispute the PPI claim that you have made. They simply cannot afford to pay out in every single case and since it is a complex legal issue, they have the chance to successfully dispute a number of claims. What this means is that things are very likely to go to court and that is why you should seriously consider paying for the services of a solicitor that will handle this successfully for you. Our recommendation is to go for a solicitor that works for a percentage and that only charges if they are successful.
In addition to this, you need to understand that it may take quite some time before your case is over and before you actually get your money back. In most cases, this is completed in a few months, although some people have had to wait for an entire year before they saw their money. It is important to stay persistent and to patiently wait for the outcome that will in most cases be a positive one. Namely, in about 75% of the cases, the person making a PPI claim in the UK wins.
In essence, you will most likely be able to see your money if you were mis-sold a PPI policy and there is nothing that should prevent you from making a claim in such a case.