A PPI reclaim company is those organizations which claims back the money you have paid to any financial organization as PPI premium for years without actually requiring a PPI; you have to forced to buy the PPI. These companies take a percentage of the money they claim back for you. 
It is estimated that over £9 billion is to be given out by the banks as PPI reclaim. So the business off PPI reclaim is very profitable and lucrative. There are www.ppiclaimsadvice.org companies now open in the country in the last few years. You can choose from many companies to claim back your money of PPI. About PPI
- Before going for a PPI reclaim you must clearly know the function of PPI. Payment Protection Insurance or PPI as we call it is a very useful insurance policy if it was used correctly. A person under this coverage can repay his debts to a financial organization even when he is not in a condition financially to repay the loan due to unemployment or any physical cause, etc.
- But this PPI has been mis-sold to clients of financial organizations without their consent or forcefully in the last few decades and has been brought to the notice of the common public only a few years back.
About PPI reclaim companies There many companies which claim back the PPI for you with certain percentage of the claimed back money as their profit. But you should also choose these companies wisely. These companies are most beneficial if you have some kind of mental deficiency or illiteracy and will face problem to process the reclaim by themselves. One could talk to the local authorities before taking help from these companies. Otherwise, it would be intelligent to process this reclaim themselves for avoiding the fees to be paid to the PPI reclaim company.