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Lack of PPI Claims Companies Could Be Detrimental

But, as the PPI deadline edges closer, claims companies are likely to turn their attention to another type of claim or stop taking cases altogether. A reduction in the number of PPI claims companies could be problematic for individuals who want a company to handle a case on their behalf.

With new rules from the FCA, some companies may have already stopped taking new cases, as the workload to change processes for just a few more months may be too demanding.

Although individuals can claim PPI themselves, many may prefer having a CMC to act on their behalf and research old PPI policies. This means any individuals who want a claims company to work on their behalf should act soon. Thankfully, a few reputable companies remain to handle the claims before August.

Posted by M White on 18 Jun 2019

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