PPI Companies

Since 2011,  consumers have had the right to reclaim from banks and other financial institutions mis-sold Payment Protection Insurance (PPI) policies. Customers who find the process daunting or time-consuming turn to claims management companies who offer a service to research and make claims for financial redress on behalf of their clients. Typically the work is undertaken on a "No Win, No Fee" basis, with clients giving an undertaking to pay a percentage commission on the financial redress obtained by their claims management company.

Unpaid PPI Claim Fees

By January 2016, 12 million claimants had received compensation totalling £24.2 billion. Unfortunately, in cases where the banks paid compensation directly to claimants, a percentage of those successful claimants neglect to pay the pre-agreed claims management companies fees.

The Financial Conduct Authority has put in place a deadline for making claims of 29 August 2019.  Understandably, claims management companies and specialist PPI companies have already huge and ever increasing caseloads as the deadline draws closer, focusing on their prime business of making claims on behalf of their clients and not necessarily on the recovery of their unpaid PPI claim fees.

If your claims management company has outstanding unpaid PPI claim fees owed to you that you don’t have the time or resources to address, then let us help. Hains & Lund Recoveries can dedicate the time and resources we have to recover these debts for you, allowing you to focus on your primary business of securing redress payments for your clients.

How We Can Help

• Debt recovery
• Management of probate debts

We offer exceptional rates for volume instructions and we don’t charge up front fees. Its easy to engage with us and we work seamlessly with your business.

Please contact us for more information on our services for claims management and specialist PPI companies.