There have been a large amount of people in Britain submitting cases for ppi reclaims when they have had no compensation due and no miss sold policy.
This surprising occurrence is thought to be the product of the sheer amount of people out there who are looking for compensation for some kind of “wrong doing” that actually in many cases hasn’t taken place in the first place.
One of the foremost ppi claims company “ppi claims 4 you” encourages people to submit their case, even if they only suspect they have had payment protection insurance attached to a financial arrangement, however, this is for good reason.
There are a great many people in the United Kingdom who have been miss sold this insurance product, but don’t even know it, and these people could be due some compensation for their miss-selling experiences.
Submitting cases with no ppi attached to them is no real issue, the company will just check the policies, find out there is no payment protection and then inform the customer. This is no big deal for the companies out there that handle 1000s of complaints per month, so don’t be shy about submitting your reclaim, even if you don’t think you have ppi.
Many people are wrong about what they “do” and “don’t” have on their financial arrangements, so bear this in mind when making a judgement call as to whether or not you should submit your case.
Today’s “compensation culture” is one where it is dependent on the results of the case. Therefore, there is little or no financial risk whatsoever in someone making a case online, and there is no punishment for submitting a claim that is not valid.
See this article about “what is a valid claim”? which will tell you more in-depth information about validity criteria and what exactly constitutes a valid case, helpful for people wanting a greater understanding.
Another thing that can help the consumers’ chances of winning compensation, is to submit every financial arrangement they suspect they have had insurance on, a “mud at the wall approach” of sorts. You never know, you might have a lot of different valid cases from which multiple claims pay out for you which means potentially a lot of compensation!
Most claims’ that pay out are around the £3,000 mark, so you can get a lot of money back for reclaiming, especially if there are multiple cases.
Best of luck.