Before getting any payment protection insurance claims started, you need to fill out a complete PPI form. This is where you will have to answer to all the questions related to the claim. What you need to know is that before you do this, you need to be sure of the amounts and figures that are expected. If you talk to anyone who has been through this process before, they will tell you that calculating these amounts can be both challenging and tiresome. The good thing is that you do not have to worry about that anymore because you can simply use a free PPI calculator. Here are other things that you need to know.
You can avoid writing too many letters
When you have access to a reliable calculator, you will be able to avoid many of the tiring procedures that many people go through. For instance, there are those who are forced to write to many letters just to inquire about the exact figures. Others make countless visits to the Financial Ombudsman Service just to find out the information that you already accessed through the calculator. As for you, that will only be necessary if there is an error and this only happens if the bank rejects your claim. This is how you save a lot of time and energy when applying for these claims.
You can do it from anywhere
Another reason why many people like using a free PPI calculator is because of the way that they can access it from anywhere. When preparing to make your claims, you definitely know that there are many steps that you need to take. However, once you have access to an online calculator, all that you need to do is use it and get all the information that you might need. You can do this while at the office, at home or even away on holiday as opposed to when you would spend too much of your time moving from one office to another just to find out about this.
Confirm your eligibility
One of the most confusing things for people who want to start off payment protection insurance claims go through is finding out whether or not they are eligible. PPI claims information is usually available through the PPI claims guide. However, because of various reasons, you might not even have this guide with you. This is where the calculator comes in handy. By inserting the figures and calculating the results, you easily will know whether there is any amount that you should be paid. It therefore gives you the confidence to forge ahead with the claims.
In order to obtain the claim that you are entitled to receive or have a right to do so is taken up as a service where the service provider will do the entire hard math for you and you can easily claim the amount that is due to you. There are many companies that carry out the service for you free of cost and one can also do the calculation of how much your investment is worth at a particular point in time. However the methods that are used in the process are quite prudent and help you to know in advance about the actual money that you are eligible to get at the end of the duration given by you.
For all finances:
The calculation can be done for all sorts of financial products such as mortgages, and the additional eight percent of the interest on the actual product. In case of the miss-old financial products, you can lay your claim for the refund to the relevant bank. The calculation on the PPI part can be carried out online as well. When the whole process is so user friendly and easy, you can be positive about reclaiming what is rightfully yours.
Clearly, the benefits of using a free PPI calculator cannot be overemphasized. All that you need to do is to ensure that you use a calculator from a reliable source. Even though there are many websites that offer these tools, it is unlikely that they all will be accurate. Go for one from a source that is trusted and recommended by major players in the industry.