PPI Claims company Consumer Financial are now charging 9% for all PPI claims up to £1,000. PPI Claims companies have come under close scrutiny as many charge over 40% for their PPI claims. With that in mind Consumer Financial has decided to run the promotional 9% offer for all PPI Claims.
PPI Claims have come under great media attention over the last 2 years following the Judicial Review that ruled in favour of consumers and against banks in 2011. This meant that banks were forced to deal with PPI complaints from their customers who they had mis sold to over a 10 year period.
With there believed to be as many as £50 Billion worth of Mis sold PPI policies it is no wonder that many Claims Management Companies had jumped on the band wagon, however charging consumers over 40% was just plain greedy in the eyes of clients and many have been reported to the FOS.
Banks have also been fined a further £4.5 million for stalling on PPI claims for a period of upto 18 months, with PPI claims there seems to be one thing after another with banks and consumers are steadily growing inpatient with the lack of professionalism from banks and how they treat their supposed ‘valued customers’.
Consumer Financial realises that helping consumers who do not have the time or the inclination to handle their own PPI claims, would rather use a claims management company as they do all the work on behalf of the client. From chasing up banks to settle PPI claims to making sure the client gets paid Consumer Financial looks after it’s clients.
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