Bank Charges Companies
There are a number of names for the companies that have been set up to help consumers file claims against mis sold PPI, among which are PPI claims companies and of course bank charges companies. Depending on just exactly how you were mis sold payment protection insurance, you might choose to use PPI claims companies or a bank charges companies. For example, if you took out a loan with a private lender and were mis sold PPI then you might choose a PPI claims company simply because they specialise in mis sold loan insurance across the board. If, however, you have a home loan taken on a bank, then bank charges companies would be the specialist claims company to contract with. Even so, a good PPI claims company can handle these matters just as effectively and maybe more so.
Claiming Back Bank Charges
Before you can submit a payment protection claim
it is important to think about how your policy was sold to you. Bank charges companies will all ask a series of questions to determine exactly how the bank sold the cover to you
and whether they followed all the necessary proceedures. If not, then there is every possibility that you have a valid claim that may entitle you to a refund of money spent in mis sold PPI. Once you contract with bank charges companies, they work diligently to reclaim your money for you. Professional PPI claims companies also work on a no win no fee basis which means that you only pay if they are successful in your claim. Unlike solicitors who take a hefty down payment to represent you, bank charges companies provide free consultations and take their fee at the end of a successful claim.
Choosing the Right Claims Company
Choosing the right claims company to represent you is a matter of knowing what
credentials to look for such as seeing to it that they are registered with the
Ministry of Justice and perhaps the Information Commissioner's Office. As
mentioned above, you will want a company that does not require a down payment
and you especially do not want to pay for an initial consultation. This should
be provided almost as a community service because you need to be informed of
what payment protection insurance and the mis-selling of payment protection
insurance is all about before making a claim.
Belmont Thornton, Belmont Thornton, has all of the above credentials and also works on a no win no fee*
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