If you’re thinking of reclaiming PPI from AA Finance it is first important to understand what PPI was and how it was sold. PPI stands for Payment Protection Insurance. The principle is that if you are off work for reasons out of your control, sickness, accidents or redundancy then your finance payments would be covered for the policy in question. This sounds like a useful product to have and for some people it worked as described but for many it was unwanted or did not help them. If you believe you may be eligible to reclaim PPI from AA Finance it is certainly worth looking into.
There are various ways that the PPI was mis-sold. If you’re considering reclaiming PPI from AA Finance you need to consider these. PPI was most commonly mis-sold because the customer was simply not informed that the PPI was being added. Some banks were encouraging their staff to use very manipulative methods to sell more PPI policies as they tended to make a lot of money from the sales. Some customers were told that they would not be eligible to take out the finance without a PPI policy. This was nearly always not the case and the PPI was in fact optional. There are many more mis-selling reasons; if you think you could have a case for reclaiming PPI from AA Finance it is worth looking into.
How does reclaiming PPI from AA Finance work? The first step we take is to establish which accounts PPI was applied to. We undertake checks using the data protection act with your authority. These checks can typically go back quite far and we are confident of their success. If we find PPI was applied to your accounts we will get in touch with you to discuss reclaiming PPI from AA Finance. Once the complaints are lodged they have 8 weeks to get back to us with a final response. Hopefully at this point your claim will be upheld, if it is our average payout is around 3000 (GBP). If your claim is rejected there is usually scope to refer the case to the Financial Ombudsman Service.
So if you’re interested in trying to reclaim PPI from AA Finance you can fill in our online application or give us a call. It is worth noting that you are entitled to claim back PPI from AA Finance yourself. We simply offer to go through the process for you, undertaking the initial checks, talking you through the complaints and following up the claim to completion. We have a deep understanding of the claims process, a working relationship with some of the biggest banks and alternative methods of obtaining account numbers and PPI records.