6th January 2012
Damien Lee, 34, was refunded a total of £7000 having discovered that he had unknowingly been paying for the insurance on credit cards from Abbey National, Egg and MBNA which were taken out several years ago.
The compensation, which was achieved through claims specialists Real Time Claims (RTC), has come just in time to treat himself and start the New Year in style.
He said: “To get my money back on a policy I didn’t even realise I was paying couldn’t have come at a better time. I have been after a car for a while and now I have the money all of a sudden to be able to get one; it has taken a huge strain off my New Year finances.
“I would encourage anyone in the same situation to do this, as if I had known before how quick and easy it was to see if I had been mis-sold the insurance, I would have applied sooner.”
Real Time Claims has seen a 2,500 per cent rise in applications over the past three months since banks set aside £10billion to settle mis-sold PPI compensation.
Managing director Stuart Bell added: “We are pleased that people are now more aware that they are entitled to get their money back on policies they didn’t realise they were paying for and that we can help people like Damien reclaim what is rightfully theirs.
“It is amazing how many others are still sitting on money unaware of their potential windfall.
“Anyone who has taken out a bank loan, credit card, mortgage, car finance agreement where they have paid out for payment protection insurance will most likely be owed money.”
The process takes between three to eight weeks from initial enquiry via a user-friendly online claims processing system where clients can complete and track their compensation claim online managed by RTC’s established team of experts.