07:52 05 September 2013
Every time a Payment Protection Insurance - PPI claim - is calculated, companies that you were referred to from certain websites earn in-between 10% and 30% of the respective claim, plus VAT. This is why most of the websites claim to have a PPI claims calculator, when in fact they are calculating it wrong and overvalue the claim so that they can obtain more profit. So what can you do to avoid these scams?
Keep in mind that you can always calculate the PPI claim yourself by following simple steps described in great detail on trustworthy websites. One more thing – be aware of the fact that, if you were mis-sold a Payment Protection Insurance, you should be able to reclaim £ 1,000.
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