claims management company typically earns only if they make your complaint successful. You have no responsibilities over their compensation if they cannot perform well on your behalf. Despite such fair service, authorities are advising against using them. It is possible to perform a PPI claim on your own. However, you may face these three difficulties on the way.
Different Rules Per Bank
Every institution has its respective interpretation of the Financial Conduct Authority’s PPI claims guidelines. This means you might find it difficult if you have multiple claims to perform. While you might have sufficient evidence to support your complaint, you may still face bureaucratic obstacles along the way. To save your time, a claims management company can help you process your complaint.
Save Your Time
If you are to make a complaint by yourself, you might be forced to take a leave from your workday. Not only did you lose income for that day, but if you cannot resolve the complaint during the same day, then you will need to take another leave. A CMC can save you the headache of processing your complaints.
The Financial Ombudsman
The Financial Ombudsman Service’s decision is always final. However, it takes a great deal of time to process especially if you lack data to support your claim for refund and compensation. The FOS may also ask more evidence to back up your complaint within a strict deadline. A CMC can handle these for you and save you the hassle of researching for evidence during your free days.