Many people once they have made their claim don’t know what to do with their money. Our biggest claim for a client is £167,000 and this meant that the client who we helped claim back their mis sold ppi changed their lives forever. They were able to pay off their entire mortgage on their house and also buy two new cars, take that long wanted hooneymoon and put money aside for their future.
However, many of our clients who get around £3,000 per claim don’t know what to do with their money as it is an amount that is in between as it is not enough to be frivelous with or be able to get away with taking a holiday on. It is however as we adviser a good amount to down pay any outstanding debts that you may have. From credit card statements to catalogue payments, many of our clients tend to pay off a set amount of their outstanding debt to these creditors in order to free up any disposable income they could have in the future.
Making sure you get yourself debt free when you have the money is the best thing to with with any PPI compensation and this is because you will feel the benefits in the future, not immediately obviously but in a good few months when you have more money coming in, as you have less going out on outstanding debts that you would have otherwise had.
We also adviser our clients to pay down on their debts and often speak to their creditors for them, this ensures that you get the best deal possible when it comes to reducing your monthly outgoings and something that we can provide free of charge for all our customers.