PPI: What to look for in claims management companies

Read on and know the things you need to look for if you’re thinking about hiring a claims management company to process your PPI refund.

12:06 18 May 2013

A lot of people in the United Kingdom were wrongfully sold PPI or Payment Protection Insurance. These people were not fully informed about PPI and yet they were charged for it. Some people were not even aware that they had it and that they’re eligible for it. 

 

If you’re one of them, you are eligible to get your refund from the bank or lending institution that sold the PPI to you. Although the process of filing a claim is relatively simple, it can take a lot of your time. 

 

If you’d rather let somebody to do this for you, you can consider hiring the services of claims management company. As they are experts in this field, they can speed up the whole process. All you need to do is to sit back, relax, and wait for your check in the mail. 

 

Below are the things that you need to look for to ensure that the claims management company is reputable: 

 

• No obligation to sign up
• No win, no fee reclaim service
• No upfront fees and other charges
• UK based office
• Personal claims handler
• Regulated by Ministry of Justice