Shockingly, nearly 70% of all PPI claims are rejected! But a lot of these do actually have a claim and this has been a big issue that many people have faced. If you think you have a legitimate claim then this could be the case and you may be able to prove it and receive the compensation you deserve. So don’t be defeated because many people have conquered this mountain and that cheque at the end is 100% worth it.
During the first stage, a lot of claims will get rejected and this is when most people think that they won’t be able to defeat the banks and resign to the fact they will never get their money back. But this should not be the case and you should always make sure you give it another go. As 90% of people decided not to continue with their claim, there is a huge sum of money still waiting to be claimed and you could have your share of it.
7 out of 10 people who continue with their claim past this stage do win so this shows just how possible it is to win your money back. It is therefore definitely worth giving it another show and we can help you with your PPI claim or you can choose to do it yourself if you wish, it is completely up to you.
The Financial Ombudsman is the next port of call for you and here there is an appeal process which makes sure that you claim what you are rightfully owed. They are an independent party so have no allegiance to any of the banks, meaning you get a fair shot.
Remember, quitting is exactly what the lenders want you to do. The Ombudsman is there to help and until they say you don’t have a case, then don’t give up, there could a substantial reward waiting for you!