Last year,
many people turned to claims handlers to help them get their mis sold PPI
refunds, and indeed, they did get the refunds they deserve, and owing 25% to
the claims handler upon success. The Financial Ombudsman, the consumer group
Which and the Financial Conduct Authority all downplayed the role of claims
handlers because of the obvious signs that “ambulance-chasing” is becoming a
lucrative business.
A consumer or
victim who wants to claim compensation at the shortest time possible could use
claims handlers as one way, but even CMCs, or Claims Management Companies, even
tell consumers or victims that they can always make a claim on their own. The
media fails to iterate that CMCs can save time, which the consumers pay for in
making a hassle-free compensation claim.
Most victims of
UK road or car accident seek help from claims handlers because they do not know
the right documents, evidences or information needed by insurance companies to
process their benefits. Only rogue CMCs perform cold calls or text messages.
Most CMCs only have minimal advertising, or only have satisfied clients, such
as myself, endorse their services. The media only focuses on money-making and
scamming groups organisations. I have been a victim of one myself.
Just remember
that claims handlers are one way to get your compensation, but if you do enough
research, you could get back your full refund or compensation without having to
pay (or looking for other ways to pay) 25% to your claims handler.
