If you have been wrongly sold PPI then you must file PPI claim to get it back. However, the PPI claim is not always approved by the banks and this is where the need to fight for your claim is required. First of all you need to be sure that you have a valid PPI claim, and by going through the documents related to your loan, mortgage or credit card, you would get the idea. You can also get the idea by filling in the PPI questionnaire. Here are the few things you can do when your PPI claim is rejected.
- You should approach Financial Ombudsman Service. They would further investigate your case and get you the claim amount if it is valid.
- If you are not sure about how to file for claim or don’t have time for it, you can hire a claim management company.
- If your claim is rejected by FOS as well, then you can hire an attorney if you are completely sure about your PPI claim.
These are the few steps you need to take when your PPI claim is rejected. Generally, if you have all the documents supporting your claim and have valid proof of how the PPI was mis-sold, there are no reasons why the bank shall reject your claim. However, in case when there are no sufficient proofs of the mis-selling of PPI, then the banks just might reject your claim or provide with lower amount than what is due.
In this case, you can knock the doors of Financial Ombudsman Service. If the FOS also rejects your claim, then you can hire an attorney. However, hiring an attorney is an expensive affair, so you must be sure about your PPI claim’s validity and also that the amount you are fighting for is worth it. In the otherwise case, it would only lead to more loss due to the legal expenditure that would take place. You can know your claim’s worth by visiting http://www.haveigotppi.org.uk.