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PPI Claims

March 7, 2014 by · Comments Off on PPI Claims 

PPI Claims, Claims management companies have pocketed up to £5bn of consumers’ compensation for mis-sold payment protection insurance, according to estimates from Citizens Advice.

The charity, which analysed some previous figures from the Financial Ombudsman Service (FOS) to make its projections, also carried out consumer research suggesting that nearly one third (28pc) of people who have used a claims management firm felt under pressure to pursue a claim.

Nearly two-fifths (39pc) of people who had used a claim firm said they were not aware they could have made the claim themselves, according to a survey of more than 5,000 Britons.

Meanwhile, almost half (47pc) of people who used a claim firm said if they had known about the free help available they would not have used the firm.

Figures released by the ombudsman service showed that it took on a record 575,836 new complaints from consumers about financial firms in 2013, up by over one third (38pc) on the previous year.

Of the cases referred to the ombudsman in the second half of last year, three quarters (76pc) were about PPI.

Claims management firms will often take around one quarter of any PPI compensation payout, but consumers can make complaints directly for free.

Template letters that people can use to complain are available on various websites, including the FOS website and consumer help website MoneySavingExpert.com.

PPI Claims

March 22, 2012 by · Comments Off on PPI Claims 

PPI Claims, Recover Your Money Ltd. is a leading PPI Claims specialist operating a small experienced team whom will work on your behalf to reclaim any Mis-sold Payment Protection Insurance that you may have paid in the last 12 years and in some cases further back.

Company Director Martin Knipe said: “With our strong background in banking and dealing with bank complaints for over 12 years we can find any information from the lender in relation to either current of closed facilities a client may have had. Even if a client does not have any information regarding the loans or credit cards or are unsure if they had insurance in place.

If for some reason we are unsuccessful in obtaining a refund or if there is no PPI on the facility then there is nothing to pay. All work is purely on a No Win, No Fee basis with a fee of 25% including VAT if a refund is agreed, so a client has nothing to lose in using our service.”

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