PPI claims managers do not exist because plenty of consumers fail to make a proper claim. It is a fact that about 6 out of 10 consumer-made claims fail because of the lack of information and permission to access certain bank account information past the six-year mark. If a consumer received less refunds than what is indicated or needed, they need only to turn to the FOS.
But with the same evidence and material with no additional perspective to justify their claims, consumers fail to get their rightful insurance.
But what edge does a PPI claim company have against a normal consumer?
Claims management companies (CMCs) have existed from 2009 and have handled claims for more than seven years. Being in the business for seven years tells about their experience. Finding a parallel to your case in their database is crucial to hasten the bank’s release of your refunds.
CMCs also have special arrangements with individual banks. The Financial Ombudsman Service may have said that CMCs do not receive special Ombudsman treatment. But CMCs can create better relations with banks to quicken the situation as well. Note: banks also want to end the PPI crisis as quick as you do.
Another edge is that they can save you time and the tiresome effort to make your claim.
Time is worth more than money as it quickly ceases to exist. Our time is spent to help you get your refunds while you focus on the things that matter to you, such as making plans for what you can do with the refund you could get!