Applying for PPI claims can be a very stressful process which is only made worse if you receive a rejection. For those who are eligible but have been rejected in the past, there is thankfully a wide range of information online to help you build up the perfect case so you can join the millions of others that have been successful in their claims. Here, we’ve compiled some of that information and are going to look what you can do if your claim was rejected the first time around.

Banks rejecting PPI

In the early stages of the PPI misconduct claims, the banks began to reject claims of mis-sold PPI in order to avoid paying back the millions that were and still is owed. However, since the tightening on restrictions as well as new entitlement under the Plevin ruling, there have been fewer loopholes for banks to jump through. The Plevin case has helped millions of people to claim back the money that they were owed due to extortionate sums that were given to sales representatives as compensation. Due to this, banks have been legally required to put money aside to pay out for PPI compensation claims, as well as a dedicated team to handle all claims and ensure they are dealt with properly.

PPI claims

PPI is a topic that can be very confusing to many and can, therefore, prevent a lot of people knowing whether or not to take the time to make a claim. However, it is important to apply if you have even the slightest inkling that you may be eligible. Millions of people have been mis-sold this type of insurance. With millions of people already receiving the compensation from successful claims, you could be owed money too.

How do I claim?

When looking to claim PPI compensation for a second time, there are multiple ways that you can go about this. You can either decide to contact the banks directly with your claim or to use a claims company to help make the process of claiming as seamless as possible. Claiming for PPI compensation is easy and with an online service, you can have your claim submitted quickly for a fast answer to that nervewracking application.

How do I know if I was definitely mis-sold PPI?

One of the main ways that you can determine whether or not you have been mis-sold PPI and whether it’s worth submitting a second claim is to check back through any loans that you may have had and contact the relevant banks. This will come as a benefit to you as they will be able to determine whether or not you have indeed been mis-sold compensation. All the leading national banks have a team in place to ensure that the claims are dealt with as quickly as possible and that you get what you are entitled to.

Perseverance

It is important not to give up when putting in your PPI claim. Although it can be disheartening, it is important to stay persistent. If your claim is initially rejected, it is important to ensure that you gather the evidence that you require and place this in with your new claim. This will then help the lender to address the claim more thoroughly and come to a more informed decision. What’s more, thanks to the Plevin case, there is an extra layer of additional criteria to help with fair judgement of the claim and ensure that the correct amount of compensation is issued.