Many smart people are coming to the realization that claiming back PPI on your own is not a very good idea. Let’s face it, dealing with the banks by yourself is going to waste a lot of time, and just one small mistake could put an end to your PPI claim for good.
This is why using the services of a ppi claims company is becoming the number one choice for millions of people around the UK.
When you choose the right company, then your case will be put in the hands of someone who has many years experience dealing with PPI claims. This means you will minimize the risk of being rejected by the banks, and you can expect to receive a check for your compensation in as little as 6 weeks.
Imagine getting a check for £5000 in just 6 weeks from now…how would that change your life?
To see these kind of results, it’s essential that you choose the right PPI claims company. The information below will help you do that…
How much do they charge?
One of the first things you should find out when considering a PPI claims company is how much do they charge? The industry average is typically around 25% of the final amount awarded, which is considered a fair price to pay. If they are asking for a higher percentage, then you should look elsewhere.
Charging money upfront
Know this: a legitimate PPI company will never charge you any money upfront. With so many scam companies around, this is extremely risky, as there is nothing to protect you from losing your money for good. With this in mind, only work with a company that don’t charge for their services until you have been awarded a payout.
Are they regulated?
Every PPI claims company must be regulated by the Ministry of Justice if they want to be legal. For this reason, check to see if they have the seal of approval on their website, or ask them directly when speaking to a member of staff on the phone. If they can’t provide you with details of their regulation, then they are probably operating illegally which means you should stay well clear.
Beware of hype
Please understand that there are no guarantees in the world of PPI. No company can give you 100% assurance that your claim will be successful. If they are using hype or wild claims, then it is simply a marketing ploy to get you in the door.