Your Money Claim Fees
Your Money Claim does not, nor has it ever, undertaken any practices, such as cold calling or direct SMS / email marketing , that the claims industry has a reputation for.
We obtain all of our customers via internet search engines, such as Bing and Google for example.
This approach guarantees that EVERY contact is instigated by you, the customer.
Further, we do not outsource any part of your claim unlike some other companies, so you can rest assured that your claim is always being dealt with by the experts within Your Money Claim.
Not only does this give you peace of mind, knowing your details will never be passed to any other party, it also helps keep our costs low, which in turn keeps our fees low.
What are our fees?
If you are already a customer of ours, please refer to your Terms of Engagement for your fee percentage.
From 10th July 2018 our fees changed for new customers.
If Your Money Claim secure compensation for you our fee is just 24% inclusive of VAT (for all customers who enter into contract with us on or after 10th July 2018), so for every £10 we recover on your behalf our fee is just £2.40.
Unlike some other businesses that operate within our industry, Your Money Claim….
- DO NOT CHARGE AN UPFRONT FEE
- DO NOT CHARGE A MINIMUM FEE
- DO NOT CHARGE ANY HIDDEN FEES
What is included in our service?
We deal with your claim from the moment we receive your completed form and every step of the process, keeping you updated along the way.
We aim to minimise anything you need to do by taking control of the paperwork and dealing with your bank or lender throughout.
PPI was sold on all forms of credit, such as mortgages, loans, car finance, hire purchase agreements, credit cards and store cards.
We generally don’t need account numbers or paperwork so please do not worry if you don’t have these.
We have electronic systems set up with almost all banks and lenders which allows us access to their records to see if you’ve ever been sold PPI.
There are estimated to be 10 million Packaged Bank Accounts currently active, with millions more that are closed but can still be claimed against.
How is PPI compensation calculated?
Compensation awards are calculated and split into three separate parts, as per Financial Ombudsman Service guidelines.
Part 1 – The actual amount of money you physically paid towards the PPI policy
Part 2 – As the policy artificially inflated your balance, we recover the extra interest you paid
Part 3 – 8% compensatory interest for each year you were paying the PPI to the present day
We often see parts 2 and 3 making up the majority of the award, especially if the credit agreement was taken out some time ago.
Do others charge less?
You may see other company’s that advertise a smaller fee than ours, but we would strongly advise that you read their Terms of Engagement to ensure their overall charge is as it is advertised.
Do they charge upfront fees? Do they charge minimum fees? Are there hidden fees?
Does their fee relate to the entire compensation award or is it only for one part of the award?