If you are looking for the best PPI Claim company to help you to reclaim your PPI payments then there are a number of factors that you could consider before making a decision:
PPI Success rate – Most ppi claims companies claim to have a success rate of between 85% and 95%.
Of course different companies may work out their success rate in different ways. Some may only take on the best cases that they know are certain to be succesful and may refuse to take on more borderline cases.
Personal PPI Claims Handlers – does the claim company have dedicated claims handlers who are assigned to your case? If you have a query are you able to talk to a real person who knows your case? If so this will serve you best in your PPI claim.
Regulation – all PPI claim companies are regulated by the ministry of justice. Some of the best PPI claims companies are solicitors and so you should get extra protection in this case as they are also overseen by the law society.
Clarity over fees – make sure that the claims company is transparent about its charges. Claims on a no win no fee basis will of course require you to pay fees if you win. The best PPI claim fee is around 12% – charges generally range between 12% – 25% of the money you get back from the PPI provider. It is best to make sure you understand any arrangements for fees that involve cases where a reduced premium is payable in the future as the PPI company may want a cut of your future savings as well.
So make sure that you choose the best ppi claim company to fit your circumstances. If you have a complaint about your ppi claims company make sure you contact the financial ombudsman. Remember that you are entitled to contact your PPI provider yourself and to make your claim direct to them.