'No Win - No Fee' PPI claims

Have you been affected by mis-sold PPI?

Have you been affected by mis-sold PPI and you have made it a point to reclaim PPI charges.

You may have already tried contacting the agency or bank and they have not been responsive. They may have tried to play with your patience and have deliberately delayed your queries and perhaps put it on hold.

This behavior is consistent through many banks and has caused serious issues to a lot of people like in the UK.

It is the banks reluctance to provide the public with PPI compensation that has triggered the rise of solicitors and claim consultants with special expertise on this area. They know the legal loopholes through which the lenders exploit and can therefore be of your help.

Once you are sure that you are going to seek advice you need to choose a legal advisors or pursue the matter personally. No win No Fee PPI claims is a slogan used by these groups of claim consultants.

The No Win No Fee concept is simple. If the solicitor tries to reclaim PPI charges on your behalf and is unsuccessful in the attempt you do not have to pay any charge for this unsuccessful claim.

The No Win No Fee offer which is being given by most of the claim consultancy firms currently. This is a kind of win-win scenario where you do not have to pay any extra money for the reclaim and the consultancy firm also has a motivation as you can understand, they get paid only once success is achieved.

Even from this No Win No Fee PPI claims standpoint there are different kinds of consultancy firms offering different schemes. A group of them charge a percentage of your PPI compensation (often ranging from 20% to 30%). This they only do once you have received the full compensation and every detail is settled. There is another set of consultancies which offer an even better scheme. They do not charge anything from the consumer. Do not be surprised, they don’t do it free. Along with your PPI refund they recover their consultancy fee from the bank as well. These consultancy firms have special expertise and skills in-house to make this possible.

It is your decision you go with which consultancy firm, but one thing you need to keep in mind is that the firm should be certified by the Ministry of Justice.

Before hiring the company for your cause check whether they have a valid authorization number. This number should be available in their website. You can also check the authenticity of their registration in the Ministry of Justice website.

Please note that the whole PPI procedure is not a fast one. In an average it needs two to three months. So the key would be to be patient and be enthusiastic enough to proactively react to the needs of your appointed firm.

They would need appropriate paperwork and documentations from your side. Wish you luck for the successful completion of your PPI refund.

Click here to complete your PPI Claim Form