Making some extra money is never easy, but if you could find a way to make some extra, what would you spend it on? Here are a few things that I would spend it on.
- Home Improvements
This is a really big one for me because there is always so much to do when you own your home, and so often we put things off because of a lack of money. Our home is definitely in need of some TLC. At the moment, the whole of our home needs new carpet throughout, but it is such a huge outlay of money that it can wait until we are in a better financial position.
Since spring is approaching, the roof will need replacing soon. It’s hard to moan about it. After all, it has lasted around sixty years, but when looking at it, I can see many problems with the tiles cracking and sinking in places.
Both of these jobs will take a lot of money to repair, and the last thing I want to do is borrow more money to complete the jobs.
- Paying Off Debt
I’m sure all of us have a certain amount of debt, and I am no exception. If I could find a way to make some extra money, this would be the first thing I would. I’d try to clear all my debts and be debt free for 2019.
- Going on Holiday
Family holidays are always special and the cost of going on holiday is not cheap. So often just keeping your head above water day-to-day is far more important. Having said that, everyone needs some downtime and a family holiday is a perfect way to achieve that. The memories you can create for your children are priceless, so if I could make some extra money and spend it on a holiday, I definitely would.
This could all be possible if only I could find a way to make some extra money.
Well, there is a way! Unless you have been living the life of a hermit, I’m sure you’ve heard of the PPI scandal. There’s no doubt that the vast majority of us are entitled to claim, but time is running out! The deadline to make a PPI claim with your bank is August 29th 2019.
Banks have already paid out £33 billion in mis-sold PPI policies, which were usually sold with mortgages, credit cards or loans. Considering how much has already been paid out, most of us are quite likely to be due a refund.
There are many companies online that are no win no fee PPI claims companies, and they can help you with your claim by taking all the hard work out of claiming. You can make a claim yourself but you are probably busy, and finding the time to fill out all the forms etc., is a challenge. It seems sensible to let somebody do it for you. If your claim is successful, you can start on all those things that the extra money will help make a reality. So the question is, what are you waiting for?
It couldn’t be simpler to claim for mis-sold PPI. All you have to do is find a company you want to handle your claim.
- Sign a claim application form. Make sure you read all the terms and conditions.
- Send any relevant documentation, but if you don’t have any don’t worry, they can contact the advisor by using your letter of authority.
- You can claim for any mis-sold PPI policies, plus 8% in interest if your policy was mis-sold.
- All firms that sold the policy have to complete the claim within eight weeks, and the whole process should take 2-4 months to complete.
- Most companies are no win, no fee, which means you pay nothing upfront. You only pay a small fee if your claim is successful.
- There is a cooling off period usually of 14 days if you change your mind, but after that, you may be charged a fee.
So that is it. It’s very simple. Visit the FCA website to get a comprehensive explanation of claiming mis-sold PPI and if you are entitled to claim.
So if you are looking for a way to make some extra money for whatever reason, whether it be a holiday, home improvements or paying off some debt, why not check out if you are entitled to a mis-sold PPI refund.
Have you ever claimed for mis-sold PPI? I would love to hear in the comments below.
This is a Paid collaborative post.