PPI Claims - How To Chose A Professional Firm

Many consumers have been mis sold payment protection insurance over the last few years in the United Kingdom

. There are numerous scenarios where an individual will be able to reclaim PPI due to these unfair practices. You will find quite a bit of information about this online simply by doing a search of mis-sold ppi claims. In many cases customers wish to file their own claims, however, if you wish to use a company which specializes in this field, we have a few tips you need to follow before you select one.

Tip 1: Look at the reviews and customer feedback of the company. This will help you to see what customers have to say with regards to the ppi claims company, such as how they handled questions, concerns and the claim, were they courteous and did they take the time to explain and or answer all of your questions. See what their positive to rejected final results are, you may have to discuss this with the company via phone or in person.

Tip 2: Most PPI claims companies will not require a payment upfront, but generally will charge up to 25% along with the VAT, of the awarded claim. This is typically called "No Win - No Fee". You need to be leery of any firm that will ask you for payment up front.

Tip 3: Make certain the PPI claims company you are considering using is actually registered and authorized to file your claim with the Ministry of Justice. The firms must have a authorization number to be allowed to legally handle these claims.

Tip 4: If you call or visit a PPI claims specialist, they need to ask you quite a few questions to make sure that you are even a candidate to file a claim. If they do not ask, and just say they guarantee a settlement without first making sure you qualify, you should move on.

Remember, you are able to file these claims yourself by completing necessary paperwork, and getting all your facts together and sending them to your financial institution, and if you must you can also file with the Financial Services Ombudsman. Also realize that banks will use certain tactics such as rejecting or denying your claim. In addition they may make an "FOB offer" which is typically much less than the compensation you have entitlement to.

Professionals in the field of filing ppi claims for people whom were mis sold payment protection have experience on dealing with the banks. They are going to know how to effectively file for you as well as determine what amount of compensation in which you are entitled.

PPI Claims - How To Chose A Professional Firm

By: Sharon Dawkins

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