Frequently Asked Questions
If you have any questions about our Reclaim Services, please see our list of Frequently Asked Questions below. If none of these answer your query or you would like further information, you can email us at firstname.lastname@example.org or give us a call on 0800 106 2631
What is a PPI Claim?
If you took out a credit agreement you may have been offered Payment Protection Insurance. This was an insurance designed to cover your repayments if you could not make them under certain circumstances. You may have been mis-sold PPI if the lender added it without permission, giving you the wrong information, not checking your eligibility or adding it even if you said no.
How will Money Management Team help me claim PPI?
First, we’ll take a look at the credit agreements you’ve taken out in the last few years and assess whether we think you have a claim. You might not realise you can – so it’s worth checking with us. Following this, we will help you sort out the paperwork and liaise with your loan company on your behalf. There are a lot of other services we can offer you too dependent on your individual circumstances.
How can I apply for a PPI claim?
You can do it yourself, or engage an authorised PPI claims company like Money Management Team to handle the process for you.
I'm in arrears with my lender, can I still apply?
Yes, PPI can be claimed back if you are in arrears. However, this may not result in a cash refund – if the amount you stand to receive is less than what you owe your creditors, it could be offset against the outstanding balance of the arrears on your account. The good news is that this reduces your debt.
Will Money Management Team charge me fees?
If you choose to enter into any of our reclaim services our fee for a successful claim is 20%† + VAT. We work on a No win No fee basis.
How can I pay Money Management Team's fees if I'm in debt?
If we’re successful on reclaiming PPI for you, and the money is used to offset against your arrears, our fees can be spread out with a payment plan based on your circumstances. Reclaiming your PPI could put you in a better financial position overall too, as it can be used to pay off existing loans.
Will I have a dedicated adviser?
Yes, all part of our service at MMT. On your initial call, you will be allocated a Reclaims Adviser who will discuss and advise you on any potential reclaims you have. Once you return your Welcome Pack you will be allocated your own Claims Manager who will be your dedicated point of contact throughout the whole claims process. They will take full responsibility for managing your case.
Read more about PPI reclaims on our dedicated product page
Payday Loan Refunds
What is a payday loan?
Payday loans are small, unsecured loans designed to be paid back in a short space of time – usually one month. They are intended to make up for a cash shortfall before payday, and often incur large amounts of interest if they are paid back late.
How can I apply for a payday loan refund?
You can do it yourself, or engage an authorised claims company like Money Management Team to handle the process for you.
How can Money Management Team help with my payday loan?
If we think you may be eligible, we can contact the lender and begin the claim process on your behalf.
Will Money Management Team charge a fee?
If you choose to enter into any of our reclaim services our fee for a successful claim is 30%‡ + VAT. We work on a no win no fee basis.
I’m in arrears with my payday loan. Can I still get a refund?
If you were sold a payday loan that wasn’t affordable, we will seek to have the entire loan written-off and any payments refunded. It doesn’t matter if you are in arrears.
Read more about Payday Loan Refunds on our dedicated product page