Because of the recent ppi claims epidemic, and the huge influx of claims, many people have been clamouring to make their claim as fast as possible, before the deadline,
There has also been the growing problem of individuals that have been wanting to claim ppi, but no longer have the original paperwork from their original financial policy from which the original ppi insurance was attached.
Can I Claim My PPI Without The Original Paperwork?
The short answer is YES, it is possible to claim ppi without the paperwork this is achieved by working with a company that is prepared to submit an information request to the finance company that miss sold you the payment protection insurance.
The company that miss sold ppi to you will then have 28 days to come up with the required information in relation to your policy, meaning that within one money of submitting the information request you will have the information you need to proceed with your claim (if ppi is present on the policy)
This company is recommended for handling ppi complaints without paperwork as they will submit the information request on your behalf and proceed with your claim once the information is available.
What Happens if I Don’t Have PPI Attached to a Policy?
This means that you may not be able to claim ppi afterall, but don’t let the risk of this put you off, because many people that thought they didn’t have ppi have later been found to have ppi for which they were later refunded.
If you genuinely don’t have payment protection insurance that was miss sold, you won’t be able to make a claim.
Due to the fact that many ppi companies operate on a “no win no fee” basis, it is suggested that you should go through with the process irrespective of if you think you have PPI or not, because of two primary reasons:
1/ There is no consequence if you have no PPI, and you can have this verified and you only pay if there is ppi present and your claim is successful
2/ It doesn’t take a long period of time to check if you have PPI, so you may as well find out (use a company it’s easier if you have no time to handle the paperwork yourself).
Getting your ppi claim in quickly is becoming more and more important due to the fact that there is an upcoming “ppi claims deadline” meaning that people will need to submit their claim In the next 36 months’ otherwise they run the risk of missing the deadline altogether, meaning they won’t be able to claim at all.
Utilising a “no win no fee” service is also helpful because these companies’ tend to be more popular meaning they will ordinarily have much more experience than alternative companies as it’s likely they will have handled more claims and may have even been trading longer.
Make sure you choose carefully when considering which claims management firm to use for your case.