PPI claims management companies earn their fees by and large as a percentage of the amount you successfully manage to get back from your PPI provider. Remember that they will usually also charge vat! Please note that inclusion of any company on this page does not imply an endorsement of any kind and uses information available at the date of publication. In considering making a PPI claim you should do thorough research including The financial ombudsman and sites such as the Consumer Association.
Which PPI claims company charges the least?
The cheapest PPI claim companies we have found charge a basic 10%
JSK Claims charge the lowest rate we could find – just 10% + vat
They offer to
- Draft a legal statement of claim on your behalf.
- Deal with all letters and communications from the other side.
- Work out the right amount of compensation.
- Make sure that you are being offered the right amount of money.
- Keep you updated throughout.
Wallis Consultancy also charge 10% but apparently no vat
No Win, No Fee
No up front costs
No VAT payable
Low fee 10% on Success
We assume the no vat element here is because this is a one man business with a low turnover
DirectPPI.co.uk charge 10%.
They say “We are a relatively small company; we do not use call centres and aim to answer calls within two rings. We deliver a personal service and you can always speak to the same person dealing with your claim.”
Acorn Claim Assist – 12.5% inclusive
Acorn Claims is a one man business run by a retired bank manager (who presumably knows what he’s talking about!)
PPIclaimsandrefunds.com charge 15% + vat
Their advertising claims
- We use ethical methods
- We DON’T cold call or cold text
- We offer a NO WIN NO FEE service
- We act quickly and professionally
- We offer a high level of customer service
Canary Claims – 15% + vat
At the higher end of the scale are some of the bigger names:
Gladstone Brookes (well known because of their TV adverts) charge 25% + vat
They claim “With a PPI claim success rate of 94%‡ and over £860m reclaimed, you can rest assured your claim is in good hands”
Stanton Fisher charge a whopping 30% – that totals 36% by the time you’ve added vat!
Always read the small print carefully. There may be extra charges beyond the headline rate.