We all have boxes, folders and piles full of bank, credit card, store card and loan statements. However, what many people haven’t realised is that paperwork could be worth over £100,000.
Dundee-based PPI reclaim company Beat the Banks has got its customers back over £3 million in the last three months including a whopping £150,000 for a single client, which just beats their previous record for PPI recovery.
Founder Mike Begg explained: “We have clients who have made claims against several different accounts including multiple credit cards and bank accounts and they have received tens of thousands back.
“I had one client who got £49,000 of their money back from a single source. Many people don’t realise just how much money they have had taken from them due to mis-selling.”
Mike added that it is Beat the Banks’ unique approach that gives the company a 99% success rate on claims they process.
“We are really forensic when it comes to claims. Other companies get a single line basic print out from lenders, but we ask for everything to do with the account.
“It’s those details that are vital to making a successful claim. We can’t rely on customers’ recollections, because some of the claims go back several years and memories fade.
“If we get something wrong, then the claim will fail, and though our process may be longer than others, we know it’s because we are being thorough and diligent. And we won’t make dozens of spurious claims in the hope that a few are successful.”
With a combined 300 years in the banking industry, Mike and his team are among the most knowledgeable in Scotland when it comes to claims and how lenders operate. And on top of that, Mike keeps up to date with news on the subject.
“There probably isn’t anyone in Scotland with more knowledge than me at this point because I endeavour to research everything to do with mis-selling.”
And one area that Mike and Beat the Banks is tackling is store cards.
“Think of how many store cards you have been offered when out shopping. Although you may have paid them off, there is still a chance you can reclaim money on them. And what better time than Christmas, when we are all doing more shopping than usual.
“Claiming PPI back on a store card is a more complicated process, but there are different ways we can get people’s money back that other companies won’t do because it is very in depth and technical.
“But at Beat the Banks, we were taught to do the job properly and we hold that philosophy in all the work we do.”
For more information, visit the Beat the Banks website: www.beatthebanks.co.uk.