Sunday, 30 June 2013

Setting your Goals for Saving Money

Saving money is an endeavor that brings about many wonderful benefits for people. They are able to have allocated funds that will help them in times of emergency. It also allows them the freedom to be able to plan a leisure trip to a place that they have never been. They can also do some activities that they have never done in their lives, such as scuba diving, skydiving, to mountain trekking and many, many more.

Setting a Goal

In setting a goal for yourself, you give yourself a much needed incentive to work harder as you earn more. In earning more you come closer to being able to achieve your goal, may it be a vacation or an activity that you have never done. You also feel more fulfilled as you have achieved something and you feel that all the hard work that you put in was worth it. The self-gratification is that much more meaningful.

In setting a goal and achieving it, you are also growing as an individual as you are accomplishing more and more in life. This is a good thing as you grow into a more mature person. Maturity does not come with age but rather with a mindset that understands your limitations as a person and conquers these limitations. That is what maturity is.

Setting a goal also gives you more purpose in life. It makes you a more confident person as you are able to achieve your goals. The more times you achieve your goals, the more you are able to set for yourself. In saving more money, you are able to have the necessary funds to enjoy a vacation to a place that you have always wished to visit. After all, you would not want to live your life with regret.

Tuesday, 4 June 2013

Dealing With the Banks to Claim Back PPI

Dealing with the banks and financial companies is a challenging at the best of times - they're happy to take your money by selling products that you don't need but try getting your money back and you'll know exactly what it feels like to talk to a brick wall!

This is the situation that millions of people across the country have found themselves in over the past 2-3years as they've tried to claim back their mis-sold Payment Protection Insurance (PPI) premiums. Recent figures show that the banks are rejecting PPI without properly investigating the claims and have caused a massive backlog at the Financial Ombudsman Services, who are now taking 18-24months to settle the claims rejected by the banks - maybe that was the plan all along!

Fortunately, there are numerous agencies like that can help you to claim PPI, either by providing template letters to help you do it yourself, or providing a reclaiming service. The degree of difficulty while dealing with PPI claims depends on the ways and means you use to solve the problem. When you can manage time from your hectic schedule and you are conversant with the financial sector you can definitely claim for compensation all by yourself.

Taking the advice of legal professionals is recommended too. If you have a busy schedule and can’t afford to give time for claiming PPI compensation you can always seek the help of a professional PPI claims company.

According to law when you have the evidence of PPI mis-selling you can get back the complete compensation. If you are dealing with your PPI claims all by yourself, you have to be very clear about putting the correct details and calculate the amount. In case you are seeking the help of professional organizations you don’t have to think about all these.

While claiming for the PPI policy compensation you need to have the original credit agreement copy and before you claim for the compensation make sure you are eligible for claiming. If your case is genuine you have the right to claim for it from the bank or other financial company and there is nothing that can stop you from getting back your premium.

Have you been the victim of any of the following circumstances?

  • You were sold PPI policy along with credit cards, loans or mortgages without your knowledge.
  • You were not informed about the exact cost of the PPI policy.
  • You had crossed the upper age limit when you were sold the PPI policy.
  • You were told by the bank or financial company that PPI policy is mandatory.
  • You were forced to take up the PPI policy.
  • Medically you were not eligible for PPI policy.
  • You were sold PPI policy which was actually of no use to you.

In case you have been fooled or duped with any of the following situations, it is evident that you are the victim of mis-sold PPI policy. You have been fooled by the salesperson of the banks or financial companies. Don’t you want to take an action against them?

You shouldn’t let this go in vain. You have been trapped by some selfish people who are least worried about your well being. It is time when you should raise your voice and fight for your rights. Even legally it is a law that if there is any evidence of mis-selling PPI policy proved against the bank or financial company, the victim gets backs the complete premium amount with interest. 

Sounds great, huh? You are legally entitled to claim for PPI compensation from the financial companies and banks that have been involved in mis-selling PPI policies. Complain to the bank about the mis-selling PPI policy. Usually the banks will try to avoid such situations and delay the compensation.

In such a circumstance, contact the Financial Ombudsman Service (FOS) and get your compensation. The FOS will investigate the case and find out your evidences of mis-selling PPI policy. When your case is proved to be genuine nothing can stop the banks from giving back your premium.