13:00 28 October 2013
Borrowers who have been victimised by mis-sold PPI may be in a dilemma over deciding to take steps to claim on their own or acquire the services of a PPI claims company.
Using PPI claims companies
The first thing you have to consider when claiming through a PPI company is that there will certainly be fees involved.
The benefits that you can get from these companies which can make the fees worth it are:
Filing PPI claims on your own
There are certain advantages and disadvantages in each manner of claiming. The fact remains that most of the clients who have been mis-sold the PPI and thus need to claim lack the experience to deal with matters regarding the PPI claims in the first place. Though the initial step of filing the claim seems easy, it is a slow process and the delaying tactics used by the banks that can drive the claimant up the wall.
Whether you choose to do it yourself or use the services of a PPI claims company, what is foremost is that you exercise your right to claim back the mis-sold PPI.