Leading claims company Credit Claims has responded to recent criticism of the PPI claims industry.

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Although Payment Protection Insurance claims (PPI) can be relatively straightforward, other types of claims require a much more in depth analysis of how and why the advice given was not suitable. This is where the value of an experienced claims company can be essential.

Credit Claims

Credit Claims

A qualified and experienced claims specialist can help customers to get compensation

Leading claims expert Ajaz Khan has responded to the latest criticism of claims management companies by consumer magazine Which.

Which has campaigned for some time now for tighter regulation of the claims management sector especially in relation to PPI claims. “I think it is vitally important that clients have confidence in any company they use to handle their mis sold PPI claim and I would welcome any moves by the regulators to weed out the cowboys” said Ajaz Khan joint owner of Credit Claims in Bolton.

Consumer experts like Martin Lewis and Which are continuously reminding the public that they do not have to use the services of claims companies and should approach the bank themselves to lodge a complaint.

“I think most people are fully aware that they can make a ppi claim against a bank themselves without having to pay a claims company. The process for making a PPI complaint for some would be simple enough but for many people it still remains a daunting prospect. Many simply do not know how to go about doing this. The reason is simply because the banks have continuously made it difficult and confusing to claim back your money.”

A number of firms are also now investigating the mis-selling of other products and services by the high st banks. This includes looking into the suitability of mortgage and investment advice given by their branch based advisers, aswell as the sale of complicated Interest Rate Swaps. The latter are the business loan insurance products that have featured in the news recently.

Mr Khan says “Whilst PPI is a relatively simple process, it would be extremely difficult for the average man on the street to put together a case for a mis sold investment or mis sold mortgage. This involves a detailed analysis of the paperwork to point out serious failings in the advice aswell as rule breaks”

He goes on to say “I think in these sorts of cases the need for a reputable and experienced company to help consumers is needed more than ever. A qualified and experienced claims specialist can help customers to get compensation where they have been let down by poor quality, commission driven advice by their bank”

About The Company

Credit Claims Ltd was established in September 2008 by a team of former bankers. The aim was to help consumers get justice for years of malpractice by the UKs' major banks and financial institutions.

Our biggest advantage over other claims companies is that we know exactly how the banks operate, giving us a significant edge when it comes to dealing with mis sold payment protection and mis sold investments. Our claims advisers have many years experience in banking and financial services meaning we have the necessary expertise to help with your ppi compensation and investment claims.

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Ajaz Khan
Credit Claims
+44(0)1204 363979
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