Banks are rejecting legitimate payment protection insurance claims, latest figures from the Financial Ombudsman Service (FOS) suggest, making persistence an essential part of any PPI claim.
Let PPI Return handle your claim and take the stress out of reclaiming
According to its latest report the FOS is now receiving 15,000 complaints a week after banks refused to settle thousands of PPI claims.
On average 66% of these disputes are upheld in favour of the customer.
If a PPI complaint is rejected by the lender – which can happen with little or no explanation – then the only way to try and secure financial redress is by appealing to the FOS, something which is completely down to the customer.
But despite a simple enough process many customers never get round to launching an appeal; they either believe they don’t have a valid case or they just never find the time.
This is where PPI Return shines – persistence is our middle name
Having already secured in excess of £12 million in compensation, we are highly experienced in reclaiming PPI including escalating claims to the Financial Ombudsman Service. Our dogged persistence is now even more crucial with some claims being snubbed by lenders for a second time despite the FOS upholding the complaint.
It would appear gone are the days where reclaiming payment protection insurance was simple as lenders seemingly rely on claimants to lose patience and give up in despair. But this is not a tactic PPI Return will succumb to and we remain committed to securing compensation which adequately addresses the damage encountered by those mis sold PPI.