2. PPI Claims Refund
It would be a lie to say that PPI claims have a 100% success rate.
However the scale of the misselling scandal was great and the UK's
residents have managed to recoup millions of pounds. To find out how
much money you could make it is well worth using a PPI claims
calculator. You may be shocked to discover that your expected ppi
refund runs into the thousands of pounds.Unless you are a big name
football player or a major business person it is unlikely that you will
have had such a great injection of finance at any one time previously.
Should the money be paid into your bank account it is highly likely that
you will wonder what to spend it on. It is advisable to carefully weigh
up your options, instead of rushing off to pay for the first desirable
item that springs to mind.
3. Unless you are absolutely sure of how to use your money it may be a
good idea to open up a high interest savings account or pay some
money into premium bonds. It can be very satisfying to see your initial
investment grow over time. Even if you aren't lucky enough to win the
jackpot or find a particularly good savings deal, you could still make a
good deal of cash each year.
It is quite possible that you are looking to use your money in a variety
of ways. One of the most sensible courses of action would be to split
the funds between the paying of debts and purchase of consumer
goods. It may be that after paying off a mortgage or home
improvement loan you are left with enough to cover the purchase of
that wonderful piece of jewellery you've long been hankering after.
4. It could be that you feel a huge release of stress upon confirmation
that your refund has been granted. This could put you in the mood to
splash out on a new car, or make modifications to your old one. The
average amount paid out in PPI compensation is £2,500, enough to buy
a second hand performance vehicle, or a technologically advanced in
car entertainment system.
Now that you're beginning to think about the ways you could spend
your refund, it's probably time to give a company specialising in claims
a call. Some of the most reputable businesses of this kind work on a
no win no fee basis, meaning that you have absolutely nothing to lose.
They'll take you through the process and ensure that the minimum
amount of worry falls upon your shoulders.
