When instructing a claims management company to claim PPI on your behalf, it is advisable that you do not pay an upfront fee and that the company acting on your behalf works on a “no win, no fee” basis.
Paying an upfront fee can be a big mistake as in many cases you will be chasing for a refund if the case is not successful or that you did not have any PPI in the first place. No win, no fee also means that you will not be paying any charges if the claim against the bank or finance company is not successful , or you were not sold PPI.
It also pays to shop around. Claims management fees vary greatly as do service levels. You can pay up to 30% + VAT which could means that 36% of any PPI refund would go to the claims company.
Canary Claims has a proven track record of successfully claiming millions on behalf of thousands of consumers since 2005. We work on a no win, no fee basis and our success fee is 15% + VAT (total 18%).