Gareth Shaw, Which? Money Expert, said:
“As the deadline to claim on PPI draws closer, and with potentially hundreds of millions of pounds still to be claimed, we’re urging anyone who thinks they might have been mis-sold PPI to lodge their case now.
“Claimants can do so for free, so should really avoid using costly claims management companies, which can retain up to a third of any returns, costing people hundreds, even thousands. We’ve found that one in four people using our PPI tool have been successful, enjoying on average almost £2,000 cost-free.
“Even those who were rejected before August last year should consider re-submitting their complaint under the Plevin ruling, which compensates people who were charged a high level of commission when sold PPI – making thousands more eligible. So don’t procrastinate – claim back now.”