03 April 2017
Many people seek help to make a claim for PPI compensation. They may turn to a reputable company such as Scottish PPI Claims for help.
Finding the right company is important. You need to be confident in their abilities to deliver the services that you need, as well as have the skills to make a claim with banks and lenders.
But how do you find the right company? What is it you are looking for?
Companies need to promote themselves to potential customers and that can lead to a lot of marketing and advertising language that we are used to seeing.
For example, an online company may 'promise the best results' and, if you are not completely satisfied you can get your money back with their guarantee.
Whilst in some cases, these are important qualities, when it comes to PPI compensation claims these are words that shouldn't be used.
No company can promise or guarantee that your claim will be successful. No one can, until the bank or the Financial Services Ombudsman have ruled that you are entitled to PPI compensation.
Stay away from companies that promise or guarantee to get your money back.
Every claim management company that specialises in helping people claim PPI compensation will no doubt publish their success rate.
In terms of success rates, the higher the better BUT if the company doesn't advertise their success rate on their website, when you call them, ask them what it is. They may be hiding it for a reason.
A claim management company who understands the process of claiming your money back will also understand that the onus is on them - and not you, the customer.
This means that they will financially back their service and abilities with a no win, no fee policy. In other words, you don't pay anything to them unless they win your case.
But always check what their fee is and at what point you pay. Look for a company that clearly states you don't pay until you have your PPI settlement in your bank.
If the company say that there are no checks and no assessments needed, don't give your case to them.
Every case for PPI compensation should be robustly assessed otherwise, you and the claim management company are effectively wasting your time.
It is also a common complaint about such companies that they 'flood the system' with claims that are disingenuous or false.
As an established, specialist and experienced company, we have a reputation for providing a high-quality service from start to finish.
Our team is waiting to take your call. Contact Scottish PPI Claims now!