The PPI Calculator Process
No one can guarantee that your PPI claim will be successful. However, it is well known that a a significant number of Payment Protection Insurance policies were either poorly sold or wrongly sold. It seems many companies are very aware of the practices that many companies selling PPI used to intentionally confuse, mis-lead or mis-inform consumers.
Having a clear understanding of those practices and the process of seeking compensation ensures your claim has the best chance of success. To be successful it is important to know what arguments or what aspect of the sale to focus on.
Where to Start the Process of Your PPI Claim
First of all find every policy that has PPI attached that you believe it was mis-sold and then youre ready to calculate what you are likely to be owed by your bank.
Remember to follow the same procedure for each policy!
Best if you can establish, was or is your policy a single premium policy or a monthly premium policy, and also was it for a loan or a credit card.
If you dont have the paperwork, you can submit a Subject Access Request (SAR) to your lender and they will provide you with a copy.
Now, you should be able ?to make a fairly accurate assessment as to the value of your PPI claim. There are three things you need to know in order to do the calculations:
- The loan amount
- The interest rate (APR) payable on the loan
- The term of the loan (how long it was to run for)
Need a ppi calculator?? Click Here!