PPI is short for Payment Protection Insurance. This is a type of insurance that helps the consumers to ensure the repayment of the debt or loan amount. This is in case the borrower dies, falls sick to an extent that they are unable to pay, or if he/she loses their job. This type of insurance is also called loan repayment insurance or credit protection insurance.
There are many companies offering PPI. However, not all of them are reputable and consumers need to be on the lookout for PPI scams. It is important to get the right company to handle your claims.
Below is a detailed list of some of the best and well-known companies in the UK. These companies will deal with your claim quickly, efficiently, and in a stress-free manner.
1. The Claim Guys
The Claim Guys is a Cheshire firm operating from Altrincham. It was started in 2009 and is successfully relaying PPI services to consumers to date. The Claim Guys is one of the leading financial claim management companies in the UK. In total, it has around 500 advisors helping customers to recover their PPI money. They have helped more than 537,000 customers in the past decade. They handle around 25,000 claims a week and do not have upfront fees, instead, operating on a no win, no fee basis.
2. Canary Claims
Canary Claims was established in 2005. It has a proven track record with PPI claims management. Unlike most PPI claims companies, it offers a fee below that of the maximum amount this means that if you win, you will receive more of your money. Many other companies had to change their fees when new regulations came into force, but Canary Claims has not had a reason to change its fees over the last 13 years.
The Canary Claims website has a section for customer testimonials, showcasing notable customer wins, as well as excellent reviews on Google. This is deserving for the good work they have done to reclaim millions of pounds for customers over the years.
3. We Fight Any Claim
We Fight Any Claim was named as one of the London Stock exchange’s top 1000 companies to inspire Britain in 2017. It is memorable for many customers, as its advertising campaign features John Cleese. They reserve the right to charge reasonable costs if you claim after the 14-day period of cooling off.
In its services, We Fight Any Claim offers a free PPI check to uncover PPI on any previous accounts. If PPI is discovered, consumers can choose to use its services or go on to make a claim on their own.
4. Gladstone Brookes
Gladstone Brookes’ memorable TV adverts have made it a popular choice with customers. Based in Cheshire, this claims company has been operating since 2007, offering reliable PPI services to its clients.
With more than a decade of experience, it has helped claim over £1 billion for its customers. Its phone lines are open every day, except Sunday, making this company easy to contact regarding their claim services. Gladstone Brookes operates a no win, no fee policy and charges the maximum fee of 20% plus Value Added Tax.
5. My Plevin Check
If you are eligible to make a claim, My Plevin Check will take care of everything for you and make your process easy. The team works extensively and provides a premium service to get the job done in the shortest time possible for their customers. Furthermore, the firm places an emphasis on the personal touch and enjoys sterling reviews on social media.
My Plevin Check offers a special feature to their customers which ensures that customers will pay only after they receive the claim. Thanks to this service, the customer can also claim even if they missed the PPI deadline.
6. The PPI Team
The PPI Team is another specialist farm handling mis-sold PPI. The company has more than 15 years of experience in the finance and claims sector. There are no upfront fees, and they aim to make the entire claiming process easy for their customers.
The PPI Team starts with a call to discuss a claim and then if a customer can go ahead, they just fill out a simple form. The PPI Team then does the rest of the work to try and get their customers their money back. This claims management company provides customers with access to the live progress of their claim, via an in-house web portal, so they know exactly how far they are with the claim at all times.
7. PPI Claimback
PPI Claimback was established in the year 2007 and it offers services based on professionalism, integrity, and passion for PPI. It is a part of investor compensation, which is one of the UK’s leading claims specialists. They have helped over 600,000 customers and recovered almost half a billion pounds in claims.
The main advantages of choosing PPI Claimback are No win No fee and refunds in as little as 4 weeks. Additionally, refunds on multiple PPI policies are possible over different tax rates all at once.
8. Have I Got PPI
Have I Got PPI.com is a well-established PPI claims company. It operates on a ‘refer a friend scheme, which works by offering a £50 payout to individuals who refer a friend who goes on to make a successful claim. This has been made effective by the quality of services that the firm offers.
The claims company has, so far, recovered £150 million in compensation for its customers. Again, the company name is memorable for many consumers due to its TV and radio adverts across the UK. Have I Got PPI is part of the larger Stanton Fisher claims specialist group.
9. Claim Experts
Claim Experts is a trading style of Smooth Commercial Law Limited and is authorized and regulated by the Solicitors Regulation Authority. It is a modern law firm providing claimant legal services to the public.
Claim Experts help you claim Plevin PPI and also help you get your compensation very easily. There are no upfront payments involved in claiming the PPI. Claim experts offer a winning scheme with certain terms and conditions. Claim Experts are regulated and authorized by the solicitor’s regulation authority. Initial assessments are absolutely free with Claim Experts UK.
10. The Fair Trade Practice
The Fair Trade Practice is a PPI company based in the South Coast of Hampshire. It prides itself on being an ethical company that refrains from cold calling and bombarding customers with updates.
The average claim amount for its customers is £3,400. The firm’s user-friendly website is easy to navigate. All your questions are answered and concerns addressed by a proficient team of experts before you begin a claim with the company. This serves to ensure that you understand all methods of work and familiarize yourself with the terms and conditions.
11. Reclaims UK
Reclaims UK is a Liverpool-based Claims firm that has claimed back over 12 million pounds for their customers to date. This firm offers Tax refund for traveling expenses, Stamp duty, land tax refund and Uniform tax rebates.
Between 4-6 weeks from your initial contact with them, you will receive your tax refund. As their service is annual, their fees will be reduced by 1% each year if you continue to claim with them as a gesture of goodwill for loyalty to them. The firm is highly rated in the UK for integrity and professionalism when handling customers’ needs.
12. ABC Claims Management
ABC Claims Management is a well-established Midlands claims management company. ABC has helped thousands of clients claim back over £40 million since its incorporation in 2010. ABC is an expert in its field and does its absolute best to facilitate the PPI claim process.
It aims to keep things as seamless and quick as possible for clients. The company offers a no-obligation telephone consultation. At this time, a fully trained claims executive will establish whether PPI has been mis-sold. They will also detail the process of reclaiming the insurance and let the customer engage with them.
13. PPI Advice
PPI Advice is a unique claims firm. This company approaches PPI Claims from an all different perspective. For the first instance, they seek point-of-sale documents and check pertinent aspects with you.
They also complete the ombudsman’s questionnaire on their client’s behalf based on the information you provide. This will ensure that the form is filled accurately and without any complications. Their aim is to make the whole process simple and straightforward and that includes the initial and final paperwork.
14. Consumer Claim Line
Consumer Claim Line is a PPI firm based in Manchester. This firm is dedicated to keeping customers up to date with the progress of their PPI claim. Through emails, text messages, or phone calls, whichever method you prefer, CCL will keep you in the loop so that you know how far along in the process your PPI claim is.
As of August 2017, its average PPI claim was well over £2000. While Customer Claim Line focuses majorly on PPI claims, Consumer Claim Line also offers personal injury and payday loan claims as well.
15. EMCAS Claims
EMCAS Claims handle more than just PPI claims. The company started in Torquay but has since moved its operations to Paignton. Operating since 2003, it first began as a claim-handling firm for endowment mortgages.
As the PPI scandal developed, the company began working on PPI claims and has since been helping customers to reclaim their money from multiple banks and lenders.
16. Fast track Reclaim
Fast Track Reclaim has been able to successfully claim over £200 million for its customers. Branching out from PPI, the company also handles cases regarding payday loans and packaged bank accounts.
Fast Track Reclaim wants those who’ve had their claims rejected to claim again, based on the Plevin ruling — which means a second claim could be successful. The firm operates on the principles of accountability and transparency to make sure that customers get back their claims in a timely fashion.
PPI-Register is a professional claim management firm and a member of the Professional Financial Claims Association. Since 2010, the claims company has recovered over £52 million on behalf of its customers. It offers reassurance to those with outstanding cases that they relentlessly continue to fight for the compensation to which they are entitled.
As well as PPI claims, the company also handles packaged bank account claims. PPI-Register offers a professional service from start to finish and has been trusted by many customers for their financial claim services over the years.
18. Claims 4 Refunds
Claims 4 Refunds has worked with over 100,000 customers and is encouraging everyone to make a claim before the PPI deadline. Since 2008, Claims 4 Refunds has operated on a no, win, no fee policy and it has never cold-called customers.
Integrity and honesty are at the heart of its operation as it seeks to make claims on behalf of customers. The firm is fully committed to its course and ensuring customers receive their claims within the shortest time possible.
19. PPI Friday
PPI Friday is run by Martin Knipe, who previously worked at a high street bank. To date, it’s largest successful claim for a customer is £80,000, while the average claim amount is £2,700. The small claims company is based in Cornwall and has been handling bank complaints since 1999.
The Firm was established with an aim of helping customers seeking a refund for mis-sold PPI. Like other claims companies, they offer a no win, no fee policy and charge the maximum 20% feet to successful claims.
20. 3DM Legal
3DM Legal set up a website specifically for PPI claims, titled PPI.co.uk. Launched in 2016, this is a new business, established specifically to help those seeking a refund in cases of mis-sold PPI. Like most claims companies, 3DM Legal offers a no win, no fee policy and charges the maximum 20% fee.
If you are a business or an individual looking for PPI, then you know who to go to. The above firms provide the best PPI services to facilitate you in your claim recovery process.