The Financial Services Compensation Scheme is also known as the abriviation FSCS have a separate FSCS PPI department.
The FSCS PPI (Payment Protection Insurance) department consider refund claims against Lenders and Brokers who have been declared in default because they have ceased to trade or is unable to afford to pay compensation.
We specialise in pursuing clients claims with the FSCS. Therefore, we are very familiar with the way in which the FSCS assess PPI claims and their requirements.
However, you will not get back the money you paid for PPI from the FSCS just because you make a FSCS PPI claim. People who try to use template letters or reasons found on the Internet are often surprised when their claims are rejected.
Many people forget that Lenders keep copies of the paperwork or recorded telephone calls. This information can prove borrowers willingly agreed to take out PPI with their Loan and to justify rejecting their PPI refund claim.
A Nationwide firm of Solicitors, recently warned that only 20% of refund claims are successful. If the FSCS rejects your claim we will not be able to help you.
Our Company specialises in making PPI refund claims through the FSCS, we have a 99% success record for winning refund claims for clients who were mis-sold PPI our average successful client is awarded over £5,444.
We are so confident, we work on a No Win No Fee* commission only basis. So if you do not receive money back you will not pay us a penny.
Unfortunately, the FSCS PPI Scheme only covers PPI that was orginally taken out from 14th January 2005 to date. Therefore, if you took out your PPI before 2005 the FSCS will not be able to help you.
When making a claim to the FSCS it is important that it is presented in an appropriate way. Our clients prefer a professional Company to present their claim for mis-sold PPI to the FSCS on their behalf.
We are familiar with preparing the appropriate forms the FSCS require and gathering the evidence the FSCS require to assess a claim.
The FSCS makes payment of compensation from its own fund and our experience is claiming compensation from the FSCS is a far more lengthy and complex process than claiming compensation from a normal Lender.
We work on a commission only No Win No Fee* basis. This means you will not have to pay us to start your claim and if you are not awarded any money you will not have to pay a penny. If we win your claim our fee is 20% of the money you are awarded.
If you would like to claim for your mis-sold PPI but would prefer a professional Company to deal with the FSCS (Financial Services Compensation Scheme) on your behalf CLICK HERE