PPI Advice Line speeds up process of getting cash back for missold customers

One of the UK’s leading websites dedicated to helping consumers reclaim missold payment protection insurance, PPI Advice Line highlights the benefits of using a professional reclaim company to get the compensation you deserve.

PPI was wrongly sold in many circumstances for the best part of a decade, where it was often added to loans, credit cards and mortgages without a customer’s knowledge. Millions of people are liable for compensation and the total amount customers are likely to claim back is set to add up to billions of pounds.

While you can make a claim yourself, PPI reclaim experts, such as www.ppiadviceline.co.uk do have many additional benefits.

One of the big benefits includes expert legal and financial advice; most PPI companies have in-depth knowledge of how the reclaims process works, including Financial Services Authority (FSA) regulations and how to take claims forward to the Financial Ombudsman Service (FOS).

PPI Advice Line work with these regulators, as well as the Financial Services Compensation Scheme (FSCS) and The Finance and Leasing Association (FLA). When pursuing a compensation claim all of these regulators require extensive legal knowledge in order to deal with them properly.

While expert knowledge and support are one of the key benefits, perhaps the biggest benefit of not going it alone is the success rate that PPI claim companies have.

Comments Bushra Ashraf from PPI Advice Line;

“PPI Advice Line is proud to boast a high success rate when it comes to making claims for our customers. We typically get money back for claimants faster than those who decide to pursue claims alone. Plus our service is far easier than doing it yourself, which can involve a lot of form filling and bureaucracy when dealing with the banks.”

“The main benefits of not doing the claim alone is the fact that a bank could possibly reject the case if your arguments are not strong enough. We have had instances where a client has made an initial complaint directly to the lender and has been rejected, then placed the case through us resulting in a win.

“Another area to think about is the fact that we also validate every claim to ensure the lender has paid the correct amount owed to the client, the client has NO way of ascertaining themselves if a lender has not paid them correctly. We have had instances where we have had offers from lenders and disputed them and obtained a further £800 -£5000 for the client.”

PPI Advice Line has had a number of successful claims recently. For example, the company, which has run a number of national TV adverts recently, as well as an in-depth news blog educating consumers on what they need to know about PPI reclaims, was able to get one claimant, Linda Nichol, over £10,000 back in compensation from HSBC in just over 3 months.

Commenting on the service, Linda Nichol, 59, from Weston-Super-Mare says;

“I saw the advert for PPI Advice Line on TV and I am very happy with the service provided. I cannot believe how much money PPI Advice Line has claimed back. The money came at the right time as my funds were very low!

“I sent in a card showing appreciation to everyone at the customer service team I was that impressed. I have booked myself a holiday with the additional money that PPI Adviceline has managed to claim back for me.

Notes:

Linda Nichol is available for interview. Contact: Dale Lovell for more information. Tel: 01753 859 588. E-Mail: dlovell@searchnewsmedia.co.uk

PPI Advice Line is a trading style of Money Made Simple (UK) Ltd and is regulated by the Ministry of Justice in respect of claims management activities. Visit: www.ppiadviceline.co.uk

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