The main advantage you have by using PPI Claims Manchester for your PPI Claim is that we are a very competitive, local claims company that operates on a “NO WIN NO FEE” basis. Our normal fee is 25% which we only ever ask for once you have claimed back your compensation claim. However I am pleased to confirm that we have extended our special deal of 15% +VAT into 2012 and that this fee is only payable once you have received your PPI compensation award. This compares very favourably against the majority of PPI claims companies whose charges are anywhere between 20% and 35% of any compensation that you are awarded.
We advise you to always establish how much of your PPI compensation claim will go to your PPI claims company, this can normally be found in their Q&A or FAQ section or their Terms and Conditions, where they hide it away. Unlike us here at PPI Claims Manchester where we advertise our 15% claims management fee on the front page. However there are PPI Claims companies out there who do not advertise their fees on their web site and you only find out about them when they send you the paperwork to fill in.
But that is not our policy, we like to be transparent and very competitive with our fee’s.
So you can sum up our service as follow :
* Very competitive 15% fee for our service!
* Experienced & Specialist Claims Handlers
* Quick, Easy And Simple Process.
* Impartial Advice.
* No Cost or Commitment.
* And we operate on a No Win No Fee basis.
Take a look at this example for a person who took out a £10,000 loan over 5 years at an interest level of 6.5%.
They should have paid back interest of £1700 but when you add this to the £3,800, being the typical PPI you would pay on this loan…. then can you afford to give this to the banks?
It’s estimated that the banks make an enormous £5 billion profit on PPI policies every year and according to the Office of Fair Trading only 11% of the credit card PPI premiums are ever paid out in claims.
Financial staff are instructed to sell PPI policies when people apply for mortgages, loans or credit cards. These staff are HIGHLY TRAINED in ‘hard-sell’ techniques and often receive bonuses for selling the policies or get paid less if they don’t succeed. Why give the banks your hard-earned cash?
Many big banks have already been fined by the FSA (Financial Services Authority) and many more are likely to be in the future.