When claiming PPI abroad, there are a number of ways that you can do so. With many people opting to make a PPI claim online whensubmitting from abroad, the process has never been simpler. Here we are going to give you our guide to claiming PPI when living abroad, to help you get the best result possible.
What Do You need To Know?
It is a common misconception that those that live abroad are not able to claim PPI compensation. However, this is not the case.If you are living abroad but have had had loans from the UK in the past, you may still be owed PPI compensation as a result and you are indeed able to claim fromoverseas. This could also be done through a certified PPI claims company to ensure that your accounts are as organised as possible to make the process as streamlined as possible.
The process of applying for PPI when abroad is exactly the same as if you were applying from the UK as the paperwork will still be required and further evidence may still be needed. Most claims companies operate on a no win no fee basis allowing you to have the results you need in no time at all.
How Can You Claim?
Claiming for the PPI that you are owed is simple. All you need to do is bring forward the required paperwork to your PPI claims company and they will handle the rest. With the claim taking place overseas it could take considerably longer to receive a response as the application will be taking place overseas.
In order for your claim to be successful, there must be as much evidence as possible to ensure that you have the best chance at a successful claim. Your PPI claims company will then set about processing this information and contacting the relevant lenders. This then allows you to go about your everyday routine without worrying about letters that need to be sent and representatives that need to be contacted.
What Happens If I Am Successful?
If your claim is a successful one, you will receive a cheque in the mail within a quick timeframe, this will be the equal sum of the amount of money you are owed and can be completely dependant on the amount of money that you borrowed. Due to changes to guidelines, specifically the Plevin ruling, you are likely to be accepted if your PPI claim was taken with 50% commission or more, as this means that you are owed back money that you may not have been prior to this.
If you do not hear back from your claims company within a period of 8 weeks, it is important to ensure that you contact your PPI claim as quickly as possible. This is crucial as this will ensure that you get a response when needed whether positive or negative.
With this being said, it is important to remember that you make your claim before August 29th to ensure that you claim back the money that you may be entitled to. If you were to miss the deadline, this could mean that you lose out on money that you are rightfully owed. Where will you start?