Claims Management companies are companies offering advice and often legal services specifically in relation to compensation, damage, negligence or repayment for loss.
Since 2006, such companies in England and Wales have been regulated by the Claims Management Regulator.
Any organisation calling itself a ‘PPI claims management,’ is one specialising in dealing with PPI claims.
PPI claims management companies will often offer advice about the likelihood that you have a PPI claim and will, with your authorisation, act on your behalf in negotiating the reclaim from the provider.
While every company is different, most charge fees varying from 20 – 30% of your successful claim amount plus VAT.
PPI claims management companies must be licensed by the Ministry of Justice.