WHAT ARE PPI CLAIMS

PPI, or to give it it's full name, payment protection insurance, was a type of insurance made to protect a person if that individual was unable to make re-payments on their loans, mortgage or credit card repayments, if that person lost their job, became ill or suffered some other unfortunate circumstance that didn't allow the person to pay off their debts.

PPI was intended to give it's users peace of mind and to let them know that no matter what happened to them in the future, they would receive iron-clad protection in the face of any cash problems, if they had problems in paying for their credit cards, mortgages and other financial products.

Yet, millions of people in the United Kingdom were mis sold payment protection insurance, as banks sold PPI without their customer's knowledge and it was sold to people who really had no need to buy PPI. This scam was orchestrated by the banks as a quick way of filling up their coffers and fooling people, with nice words and useless guarantees.

The banks' fraudulent business practices were however seized upon by consumer protection groups who discovered the massive ppi scam that the banks were operating and they launched a high court case against the banks to force them to pay compensation for mis sold PPI. The banks lost the case and are now being  forced to pay back billions to consumers in PPI compensation.

WHY WE ARE THE BEST PPI CLAIM COMPANY

bestppiclaims.com, is a trading style of Amelius Solicitors. We are based in Manchester and we are a member of the solicitors regulation authority.

We have a team of experienced solicitors who are ready to take on your PPI Claims. You can call us right now on 0161 795 0629.

HOW LONG DO PPI CLAIMS TAKE

The time it takes a PPI claim to be processed and for the consumer to recieve an answer for their PPI claim varies on a case by case basis. Some PPI Claims can take a couple of weeks. Some people have received cheques through the post for their PPI Claims within two weeks. The time it takes to process a PPI claim is dependent upon the complexity and the details of a specific PPI claim. The more years a PPI claim has been taken out for and the more financial products a PPI claim has been paid out on, (e.g credit cards, electrical products, cars, etc.) the more time it can take sometimes for the PPI case to put through the banks system.

At bestppiclaims.co.uk we are committed to giving you the highest possible amount of PPI compensation in the shortest time possible. With our many years of handling PPI claims, we average more than £2,000 on a typical PPI claim. Also prior to you making your PPI claim through us, we can produce a calculation that will estimate the amount of money you are likely to recieve for your PPI Claim.

You can contact bestppiclaims.co.uk, the ppi reclaim specialists -- today on 0161 795 0629 and we will give you a detailed breakdown on your PPI claim and how we can help you to get your money back from the banks.  Bestppiclaims.co.uk, charges no upfront fees and if you lose your PPI claim against the banks, you won't need to pay us a penny.

HOW MUCH MONEY DO THE BANKS HAVE AVAILABLE FOR THEIR PPI CLAIMS

The amount of money the UK's major high street banks have set aside as provisions for the PPI compensation they will need to pay out to consumers, gives you an indication at the sheer size of payment protecttion insurance mis selling scandal.

HSBC Bank, in May 2012 announced that it was adding £290 million to its already existing PPI claims pot which totals £745 million.

Barclays bank took out a £1 billion PPI claims provisions in May 2011 only to announce in April 2012, that it was adding nearly £300 million to this money, as the bank had experienced a massive rise in PPI claims.

The UK Government owned Royal Bank Of Scotland (RBS)announced in May 2012, that it was setting aside an extra £125 million for their PPI Claims to their pre-existing amount of £850 million.

And Lloyds TSB, which is also owned by the UK government announced in May 2012, that it was adding £375 million to their PPI fund which totals a massive £3.6 billion. 

THE UK'S NUMBER ONE, PPI CLAIM COMPANY

Here at bestppiclaims.co.uk -- we promise to provide you a honest and clear service when you place your PPI claims through us.

If you submit a PPI claim it will have no bearing on any existing loans, mortgages or financial obligations that you may still have with your bank or building society.

When a PPI claim is successful and you recieve compensation for your mis sold PPI, the PPI policy which you had taken out, is cancelled with immediate effect and any outstanding monthly repayments you may have on other loans and mortgages is reduced.