Are you looking for advice on making a PPI compensation claim? Then be aware there are two ways to do this. One obviously is to try and make a claim yourself, and the second is to make a claim via an agent. The pros and cons of each method are detailed below to help you make your own mind up.

Claiming Yourself

By making a PPI compensation claim yourself you will: -

Cons

Your claim make take much longer than going via an agent, as the loan company will regard you as small fry and try to continuously fob you off with endless letters.

You may mistakenly only think you can claim back just the PPI payments (be they monthly or a one of payment at the start of the loan). Where as in reality you can claim back the loan agents commission, interest on the PPI at a legally backed 8% per annum, and even compensation.

You may stand a much lesser chance than using an agent to reclaim the PPI, and you will have to do all the work yourself, which is not as easy as some may state.

Pro

However you will save money on an agents commission.

Claiming Via An Agent

Cons

They will normally take a 25% commission.

Pros

If you claim via an agent you probably stand a 95% of them winning your PPI claim in full.

They will recover the money much faster than if you did it on your own. Sometimes in as little as 3 weeks.

You will only have to fill in a very simple form, which will only take a few minutes to fill in if you have your policy details to hand.

They will then handle all paperwork aspects of the claim for you.

They operate on a no win, no fee basis - you pay nothing upfront, and nothing if they lose the case.

So as you can see there are pros and cons to both routes, personally I would recommend going through an agent, sure they take a commission, but in return they handle all aspects of the claim for you once you have filled in a simple PPI claim application. For more information about the benefits of how easy it can be to claim and the benefits of claiming please read my signature below.

An average claim for mis-sold PPI is around £2,500 so if you have had one or more PPI policy in the past five years then clearly it is well worth your while in claiming PPI compensation. Some people have even claimed back over £25,000!
So do not delay as compensation claims are time limited, so to see if you can claim today, take the 60 second test and find out if you are eligible for PPI Compensation. Claims for PPI Compensation can be paid out in as little as 3 weeks. So visit the site and take action today.