PPI was mis-sold to consumers in Ireland, as well as the UK. If you live in Ireland, now is the time to make your claim.
The mis-selling of PPI was widespread in the 1990s and during early 2000. So much so, that some banks decided to hedge their bets and sell the insurance incorrectly in Ireland, as well as the UK. The Bank of Ireland was one of the many banks that mis-sold PPI to customers.
In the UK, banks have already paid over £32 billion to consumers in PPI refunds. But, it is believed thousands of people in Ireland are also due refunds from their bank and should act as soon as possible to ensure they can redeem this money.
PPI Claims in Ireland
In 2011, it was revealed that thousands of people in Ireland bought PPI but did not really need it, nor could they benefit from it. For example, PPI was often sold to people who were self-employed or on a temporary contract — neither of which fell under the remits of claiming on a PPI policy.
In short, if the terms and conditions weren’t fully explained or, in the worst case, PPI was added without your knowledge — you can make a PPI claim.
Some banks did contact customers about mis-sold PPI and may have been refunded at that point. However, it’s possible that some people weren’t contacted and are still due money from their bank.
If you believe that you were mis-sold PPI and have not been contacted by your bank, now is the time do so and make a complaint about the way it was sold to you.
How to make PPI Claims in Ireland
PPI claims in Ireland follow the same process as those in the UK. There are three simple steps to making a PPI claim in Ireland.
1. Find evidence of your mis-sold PPI
This can be done easily enough if you have retained previous financial paperwork from credit cards, mortgages and loans. However, many people shred or discard this information. If this is the case, there are numerous ways to obtain the information. You can contact your bank, a reputable claims company or a creditor.
2. Make your claim. How was the PPI mis-sold?
Once you have evidence, you can contact the bank. When making your claim, you must state how the PPI was mis-sold to you. Often, it was added to customer products without consent, or, consumers were told it would help their credit score. The list of ways that PPI was mis-sold is long.
3. Contact the bank and await the outcome
The final part of the process is to contact your bank or lender who mis-sold you the PPI. Include all evidence of mis-sold PPI and explain how the PPI was mis-sold to you. From the date the bank receives your letter, it should respond with an outcome within eight weeks. But, it has been known for some cases to take longer.
With any luck, your claim will be successful and you will receive a refund soon afterwards. When making a claim, you can do it yourself for free or use the services of a reputable PPI claims company, such as Canary Claims. For those who are busy and don’t want to deal with contacting the bank, using a claims company is an excellent option.
PPI claims in Ireland can expect the exact same quality of care and service from Canary Claims, as those based in the UK. We charge just 15% + VAT (18% total) on successful claims and a no win, no fee policy [Cancellation charges may apply only if the claim is cancelled after the 14 days cooling off period. The fee would be based on the work done at the time of cancelling at a rate of £120 per hour and up to a maximum total of £180]. Contact us today!