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How to choose a PPI company

With so many PPI companies out there it can sometimes be a daunting task trying to find out which PPI company to use.

Like any industry there will be good companies and bad companies, so how should you go about filtering out the bad, and choosing the best company to go with.

Things to avoid

Firstly if you receive any form of message, whether it be via telephone, text or email, that specifies an amount of compensation that you are ‘due’, or that is ‘awaiting you’ stay well clear!

No company is able to access any details regarding accounts or policies you have without your consent, so it is impossible for any company to know whether or not there is compensation to be had, let alone how much, without receiving your authorisation.

So, if they are telling lies at the beginning do you really want to put your trust in them?

Secondly, if you receive a call that makes any reference to a ‘database’, or ‘records’ again avoid.

Just as above, there are no available records and there is no database.

Finally, check the company out before you commit. Are their Terms of Engagement, or Terms & Conditions available to see on their website?

Are their charges fair and clear, with no upfront fees??

If they claim they can claim back more, or go back further than other companies they are not being truthful again so avoid.

You can see from the above that there are companies to avoid, and why the media can sometimes have a certain view of the industry, but there are definitely some excellent companies out there too who do a superb job.

It’s worth taking a little time to make sure you make the correct decision when choosing which PPI company to use.

How to make your choice

Check out the company website, make sure the address is real.

Check the Claims Management Regulator website to ensure the company is registered. Are there any customer testimonials on the website?

It may be a good idea to speak with the company, to get a feel for it.

Ask questions, a good company will always be up front regarding your chances of success, their fees and what they can do for you.

The benefits of using a PPI company

We all live in an increasingly busy and fast paced environment these days, and searching for paperwork, gathering an argument and putting it together in a legal letter, dealing with banks tactics and ensuring you are getting a fair response can seem like a time consuming exercise.

Putting your case in the hands of a good claims management company can take away the stress.

A good claims company will be able to obtain details from your lender, fight your case, escalate the complaint where it needs to go, check any offer of compensation and keep you updated throughout.

A good claim company knows the tactics used by banks as they continue to try every trick in the book to wriggle out of paying back compensation for the biggest financial scandal ever to hit the UK.

Yes, the downside is paying a fee if you get compensation but would you rather receive a majority of a large cash award, or all of nothing?!

About Your Money Claim – The good guys

Your Money Claim are regulated by the Claims Management Regulator in respect of regulated claims management activities.

With a formidable track record in recovering compensation for our much valued customers.

Our testimonials on our home page are what we work hard every day to achieve.

There is nothing better than being able to pick the phone up to a customer to tell them the news that they are thousands of pounds better off.

We’ve reclaimed millions of pounds in compensation already and we don’t intend to stop there.

We aim to offer a personal service, rather than you just being a number.

We are always on hand, in our office in leafy Lancashire, to answer any questions you may have, and we will keep you updated throughout your claim.

We will fight your corner, we will counter any arguments put forward by the bank, and if we need to we will take the matter to the Financial Ombudsman Service who will investigate the case and, in the majority of circumstances, back our views and order your lender to pay up.

Furthermore, we recently passed a random audit carried out by our regulator so you can be sure your claim is dealt with compliantly and professionally.

Which PPI company will you choose?

We believe you’d be making a wise decision if you chose Your Money Claim, you can start you claim now.


Which PPI company

Which PPI company to use

About the author

Daniel Lee

Company Director

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