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Why should I use a solicitor and not a claims management company?

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17/05/2018

You’ve probably all seen adverts on behalf of a claims management company offering to support you in claiming compensation for mis-sold PPI. Or you’ve been contacted by phone or email by a claims management company offering to help you gain compensation. This is most likely in regard to PPI compensation.

They might seem like the best option to support you if you believe you’ve been mis-sold a financial product. In fact, you might think they are the only people who can support you.

This is not true. You can also get expert advice and guidance from qualified solicitors.

 

Solicitor v claims management company

Financial mis-selling solicitors have trained specifically to be able to offer you the best possible advice. You can be confident that they fully understand your situation. They also have an extensive knowledge of the industry.

Solicitors are also regulated by the Solicitors Regulation Authority (SRA). This gives you the peace of mind they are fully qualified and will pursue the best possible outcome for your claim. You are safe in the knowledge that if you have any concerns you can raise these with the SRA.

Financial mis-selling is complex. Your case might need to be referred to the courts to establish that your broker, financial advisor, SIPP provider or bank, owes you compensation. Solicitors can manage this process. They can represent you in court to ensure you get the payout you deserve.

Solicitors can manage your claim from initial contact all the way to court proceedings. So you won’t need to be passed from one company to another.

In some cases, there is a limit of £50,000 in compensation that you can get from the FSCS, however as solicitors can make claims in court, there might be other options to increase the overall compensation you receive.

 

No win, no fee

Our expert legal team operate on a no win, no fee basis. So you can access our support and guidance safe in the knowledge that you won’t incur any fees unless we successfully gain compensation for you.

 

If you believe you’ve been mis-sold a financial product, get in touch with our experienced legal experts for advice and support.