- Financial Advice
- United Kingdom
KSI Associates Limited/ Debt Recovery
We offer a personal, dedicated and professional debt collection service to all types of client. We can manage debts of all sizes and volumes. We aim to contact the debtor as quickly as possible to collect payment. We can handle commercial debts and can offer consumer debt recovery.
4 Oct 2011
- United Kingdom
- NR5 9JB
What is PPI?
Payment protection insurance (ppi) is an insurance added by lenders to loans & credit cards to continue paying your debt in the event of you losing your job or being off sick from work.
How do I know if my loan qualifies for a claim?
If you are:- self employed- retired- a student- have an ongoing medical condition- in the armed forces- have a dangerous job- receive long term sick pay from work- had the insurance added without your knowledge- or were pressurised by the salesperson into taking the insurance you will qualify to make a claim
How can I calculate my claim?
On a loan simply multiply the number of months you have paid for the insurance by the monthly premium and this will give you a good idea of how much we will look to reclaim for you.On a credit card application it is not a set amount that you pay each month for your insurance so it is harder to calculate. On credit card claims we always apply to your lender to request all your backdated statements so we can calculate an exact figure. On all claims we ask that interest at 8% is added to the refunded money.
How much will it cost?
We work on a guaranteed no win, no fee basis.On loan or credit card claims we charge 25% + vat of the total money reclaimed or £300 whichever is the greater. Our minimum fee is not enforced is we reclaim less than £700.
What does no win, no fee mean?
This means that we will guarantee that we will not charge you a fee unless we succeed with your claim. Many firms advertise no win, no fee but will charge an admin fee if you change your mind and withdraw from making a claim. This will never happen with Total Reclaim.
Will my credit rating be affected?
You continue to pay for your loan or credit card for the duration of the claim so your credit rating will never be affected as you always keep to the terms and conditions of your loan or credit card.
How long does the claims process take?
The duration of the claim will often depend on which lender we are dealing with. Non high street lenders tend to take longer than big high street lenders. Our average claim time for loans is approximately 10 weeks, for credit cards 16 weeks.
What do I need to provide in order to proceed with a claim?
For loans we will require a copy of your loan agreement and a signed letter of authority for us to speak to your lender on your behalf. If you don't have a copy of the loan agreement, don't worry, we should be able to obtain a copy from the lender once we receive your authority to do so.For cards we will require a copy of a card statement and a signed letter of authority. If you don't keep all your statements, as most people don't, we will need to apply to your lender for all the copies of statements they hold on file so we can calculate your claim. To do this we will need a £10 cheque payable to your lender.
How do I start the claims process?
Simply call us and we will talk you through the process 0844 8262 578 please leave your details if it goes into answer phone and we will call you back.