Consumers have a bad impression about claims management companies, especially those who cold call and text random messages inviting them to make a claim. However, experts say that claims management companies surprisingly do better than the Financial Ombudsman when it comes to processing claims. With an 83% success rate compared to the FOS’ 75% probability of success, finding a good claims company is the key. Here are a few tips.
1. Regulated by the Ministry of Justice
The Ministry of Justice should regulate all activities the claims management company does with its work. You will be divulging crucial information about your finances to your claims company and to trust these companies, a ruling authority must regulate them. Always look for their claims regulation management number in their website or when inquiring with them about their services.
2. Location
A good PPI claim is one where the PPI claims expert works with the customer flawlessly. The location is important for regular personal updates. Yes, your claims expert can always update you via email or phone calls, but a good claim is made when the two of you can sift through the information personally and you could see the progress of your claim.
3. No Win No Fee Contract
A reputable claims company such as ppitemplateletter.co ensures that their customers have signed the no win no fee contract before doing business with them. Swindling CMCs would never have you sign the contract. Some will even charge you up-front fees. Reputable claims companies will always present you your legal rights first hand before doing business with you.