Four Reasons to Make Your PPI Claim Before Christmas8874383

The PPI scandal saw banks and other institutions charge thousands for payment protection insurance (PPI) which people didn't need. Now the general public are getting back their hard-earned cash by making PPI claims, and you can, too. If you make your claim now, you'll be able to put some money in the bank to help recoup the costs of Christmas! Here are four reasons to make that call to put your PPI claim in motion right now.

1. Get back what you spend on Christmas, and possibly more

The average family spends over £600 on Christmas, so it's no surprise that many of us find ourselves short of cash in the new year. But at the start of 2012, PPI claims will make budgeting a lot easier for many people, because they could be reimbursed with an average payout of £2,700. PPI claims vary and yours might result in a payout which is higher or lower than this figure, but it's always worth finding out just how much you could claim by speaking to a professional advisor. You might find those hefty Christmas bills a lot easier to stomach if you know that a cash refund for PPI is on its way.

2. Reduce your monthly payments

What many people don't realise is that PPI claims can also reduce monthly repayments. If you have been paying PPI on a loan, mortgage or credit card, you will also have been paying monthly for the insurance you didn't need, as well as making repayments on the capital owed. When you make a successful PPI claim, not only will you receive a cheque in the post with your cash refund, but if you are still paying PPI then your monthly payments will be reduced too. Knowing that your bills could be significantly reduced in the coming year is bound to help make your Christmas a merry one.

3. You could save yourself time, stress and unnecessary paperwork

Christmas is a busy time for everyone, and the last thing you want is to be faced with complicated financial issues when you should be planning for the festive season.. Fortunately, PPI claims can be handled from start to finish by specialist solicitors, so you won't have to fill in any difficult paperwork or spend hours on the phone with your bank. Instead, you can simply make the call to get your claim started and leave the rest to the professionals.

4. You won't have to pay if your claim is unsuccessful

Finally, if you are concerned that your claim will not succeed, don't be. There is no charge for making an unsuccessful claim - PPI claims can be made on a no win no fee basis. This means that your solicitor will not charge you a penny if they do not win your case. If you do win your case, the fee should only amount to a percentage of your refund. As long as you get in touch with a reputable PPI claims company then you should receive the money you're entitled to for mis-sold PPI [http://ppiclaimss.webstarts.com/?r=20120910072533ppi claim]