Although vilified by the financial industry and experts for
advertising and mass marketing their services, PPI claims management companies
are actually very useful if you know when to make use of their services. PPI
claims management companies work under a no win no fee basis and take only a
quarter of your refund for their service fees, if successful. But they are not
miracle workers and here are some things to know about them.
1.
Works to Reclaim your Refunds
PPI claims companies are there to address all the paperwork
and duties needed to reclaim your insurance policy. Most people say you could
do this on your own and you could indeed. However, not everyone has the time
and pleasure to review and address the details of their insurance policy. It
can take an hour to process all your information by yourself and weeks of
waiting for the results. Now think about your efforts when your bank rejects
your claim.
2.
Does Not Force You To Work With Them
All claims management advertisements are not exactly
self-serving; they only show you why they are necessary and how they can help
you get your refunds. PPI claims managers do not force you to work with them. They
can only show you what they can do, the successes they’ve achieved with previous
clients and their knowledge base. Of course, do not work with claims management
companies who may be scammers or continue to pester you with cold calls.
3.
Claims Regulation Number
The Ministry of Justice oversees all activities claims
managers perform with their clients. If you decide to work with a PPI claims
company, be sure to ask for their CRN. Most effective PPI claims companies have
their CRN on their pages, such as the PPIClaimsCo website you could visit
through this link.
