Many people when filing a PPI claim can’t decide whether to use a company or to file the claim themselves. There’s a lot of information you can find on the Internet, however, to save some time here are a few tips on how to find the right PPI check company.
Read a few reviews and feedback from customers about the company. This is the best way to find out more about the company from consumers that have had PPI claims handled by them. You can find out how they handle questions, concerns, and claims if they treat their customers in a courteous manner, and if they take time to explain the claims process to their customers. Check what the positive and negative reviews say about them.
The majority of PPI check companies never require an upfront payment however they do charge as much as 25% of an awarded claim. This is called the “No Win-No Fee”. Steer clear of any PPI check company that asks you for an upfront payment.
When search for a PPI company be sure to check if they are registered and authorized by the Ministry of Justice to handle your claim. All PPI companies must have an authorization number that allows them to legally handle PPI claims.
When you either call or visit a PPI company they will always ask you a series of questions to make sure you are eligible to file a PPI claim. If the company does not ask you any questions but guarantee a settlement they are not a legitimate company.
Keep in mind that you can file any PPI claim yourself without using a PPI check company. You can complete the necessary paperwork and get all the facts together to send to your financial institution. If necessary you can also file your claim with the Financial Services Ombudsman. An important fact to remember is that many banks will use tactics such as rejecting even denying your claim. They might also make a “FOB offer” with is usually less than what you are actually entitled to.