Should You Use a PPI Claims Company For Your Claim?

June 16, 2016
by admin in PPI News

Almost every UK media and even the Financial Conduct Authority and Financial Ombudsman are saying you can make an easy PPI claim and get your complete refund without the need for a claims management company (CMC).

However, easy is not the same as simple in this context. In fact, simple only comes when you’ve had enough experience doing the process and know the ins and outs of the entire procedure.

So, why use a claims management company for your PPI claim?

1

Experience

PPI claims management representatives understand which types of questions and answers usually confuse your claim leading to rejection. The media may say CMCs are just filling out forms on your behalf but it is the proper answer to a specific question – especially those entailing details how you were mis-sold – that spell the difference between a successful and failed claim.

Forgotten Account Numbers

Nobody can blame you; it’s been two decades until the City watchdog and the government did something about payment protection insurance policies. Now, it rests on your shoulders.

But the number one source of information for you – your bank – does not wish to provide support. That’s where claims management representatives come in.

A handful of PPI claims companies including Have I Got PPI have special arrangements with banks that allow them to claim on policies where they couldn’t claim before.

Nothing To Lose

With a no win no fee policy, you have nothing to lose. All you need to do is sign up to work with a CMC and you’ll be on your way to succeed. If the claim is unsuccessful, you will have saved yourself time and money in the process. And if your claim does land on the appeals side where the bank did not refund a proper amount, a CMC can do the appeals for you free of charge!