Cookie policy
Follow this topicFollow this topic Knowledge » Consumer rights

General public desert PPI claims firms

Ed Bowsher
by Lovemoney Staff Ed Bowsher on 11 September 2012  |  Comments 2 comments

Half of all PPI claims are now being filed directly by consumers rather than claims management firms. This is fantastic news!

General public desert PPI claims firms

PPI claims firms really are a pain. They try to sell their services via cold calls and endless texts, and they’re offering to do something you can do yourself.  On top of that, some firms have been accused of filing thousands of false claims.

So I was pleased to see today that the truth about PPI claims firms is now getting through to the public. 

The Financial Ombudsman Service (FOS) published its latest report on customer complaints today and the report revealed that 50% of PPI claims were filed by individuals in the first half of this year. That’s up from 20% a year earlier.

I’m delighted to see this change, and I very much hope that the trend will continue. Given the dodgy marketing techniques used by some claims companies, I don’t feel any sympathy for them whatsoever.

If you think you might be eligible for some PPI compensation, you can find out how to make a claim on your own in How to claim your PPI compensation.

More from lovemoney.com

Secured loans:  pros and cons

New 5% cashback credit card from Sainsbury’s

Enjoyed this? Show it some love

Twitter
General

Comments (2)

  • Modreduk
    Love rating 9
    Modreduk said

    Damn, and I was going to set one up myself. Got to be a nice little money spinner, getting a few thousand quid for sending maybe 2 letters.

    Report on 12 September 2012  |  Love thisLove  1 love
  • The Bank Manager
    Love rating 72
    The Bank Manager said

    Where there's blame, there's a claim.....BUT DO IT YOURSELF!!

    Report on 16 September 2012  |  Love thisLove  0 loves

Post a comment

Sign in or register to post a reply.

Related content

Our top deals

Credit card
company 		Balance transfers rate and period Representative
APR 		Apply
now

Barclaycard 26Mth Platinum Visa

0% for 26 months (3.5% fee) Representative 18.9% APR (variable) Apply
Representative example: assumed borrowing of £1,200, representative 18.9% APR (variable). Purchase rate 18.9% PA (variable)

Barclaycard 25Mth Platinum Visa

0% for 25 months (2.4% fee) Representative 18.9% APR (variable) Apply
Representative example: assumed borrowing of £1,200, representative 18.9% APR (variable). Purchase rate 18.9% PA (variable). BT fee is reduced from 3.5% to 2.4% (T&Cs apply)

Halifax BT 25 Month MasterCard

0% for 25 months (2.5% fee) Representative 18.9% APR (variable) Apply
Representative example: assumed borrowing of £1,200, representative 18.9% APR (variable). Purchase rate 19.0% PA (variable).
W3C  Thank you for using CGWEBLIV1