Trying to protect yourself against financial scams can feel like a full time financial job, but that’s all right — you know what you need to do, and that’s all there is to it. Take for example the issues surrounding payment protection insurance, an insurance that was bundled into a lot of loans and other financial products. This was done under the guise of protecting the consumer, but did it really work out that way?
Unfortunately, not at all. Many consumers across the UK were mis-sold PPI, finding that when they lost their jobs or became sick and tried to file a PPI claim, they were rejected.
PPI claims can be legitimate, but their acceptance rate is actually quite low. What does that mean for someone that never needed the insurance and wouldn’t have taken it if they had known it didn’t apply to them? It means a lot of hurt feelings. It means that you might find yourself wondering what happened to all of that money. These are pretty natural feelings. PPI claims definitely have a power of their own — fighting back is the key to unlocking that power in your life.
When you think about it, it actually makes a lot of sense. If you find that you have spent all of this extra money, you would at least want the principle back, right? Well, the reparation scheme can take it to the next level — instead of just getting the principle back, you will actually get the full amount paid in plus interest for all of the time that you had to go without money you rightfully deserved.
At this point, you might feel that fighting back is impossible, because you need legal representation.
This is definitely true — you want to get some legal representation on your side, but does that mean it’s out of your reach? Not at all. Many legal firms that specialize in PPI claims will actually take your case on a contingency basis. That means that if you don’t win, there’s no fee. That can definitely come as a surprise, since most people expect to owe a lawyer money.
Why not fight back against badly sold PPI? You never know what outcome you will get unless you try, right? Right — so check it out today!