Why To Use PPI Claims Calculator?

If you are thinking about making a PPI claim, first of all well done for thinking so and actually taking a step for it. One need to get back the money that is owed to them and secondly its time but we should start calculating our claim amount before it’s too late. Using a PPI claims calculator is a great way to work out how much money you owed and therefore giving you all the info you need to decide whether it’s worth going forward with the claim or not.

Be sure of what you Desire

In www.freeppicalculator.co.uk it is mentioned that one should always bear in mind that the calculations we give do not include any fees involved by a PPI claims company. This is purely that money which you could win back if the claim made by yourself and don’t have to pay out a percentage to a third party for basically just sending a simple letter. All you need is to enter the details of your loan below and get on your way to getting your money back from the PPI claims.

Why To Use PPI Claims Calculator

A PPI Calculator

Some people wonder as to do the really need to use a PPI calculator? This actually depends on how serious you are about reclaiming the full amount of money that is owed to you from the mis-sold payment protection insurance (PPI). There is only one way you can ensure that you get back all the money that is owed to you. You need to do a thorough research and work out the amount that is owed.

You can proceed with making the claim yourself without getting a PPI company involved, this is definitely the best way to go about PPI claims and using a calculator is simply the quickest and easiest way to get you started. Obviously the PPI calculator is never going to be 100% accurate but it will give you a very good idea of the amount that you owe and you can then use this when you do go ahead and make the claim whether you use a third party company or make the claim yourself, you will at least know the amount you are likely to receive and you will know if you are being ripped off by a less than honest company.

Options for Paying Off your Debts

There are many ways stated in www.freeppicalculator.co.uk, few of which are mentioned below.

  • If you owe people money, you can make arrangements to pay your debts. Your options depend on the amount of money and assets you own, and whether you have gone bankrupt
  • An Individual Voluntary Arrangement which is managed by an insolvency practitioner who will manage all your accounts and funds.
  • You can apply for a Debt Relief Order or Bankruptcy Order if you can’t pay your debts because you don’t have enough money or assets you can sell.
  • An Administrative Order when you have a county court judgment (CCJ) or a High Court judgment (HCJ) against you.
  • You can pay your debts in instalments as well by setting up a Debt Management Plan which will be in agreement with your creditors managed by a financial company.

In countries like Scotland, one can arrange a Debt Payment Programme from the Debt Arrangement Scheme. But what to do if a person has gone bankrupt? There are several programmes called Fast-track Voluntary Arrangement who sells your assets and pay the debts and the bankruptcy is cancelled. You can call for free advice on debt free life and debt management. The money Advice Service is of great help in this context.