Amongst some of our clients we have found quite a general feeling of panic, with many feeling that they would miss out on claiming their PPI compensation due to the provision running out or simply time lapsing
(PRWEB) September 27, 2012
The press surrounding payment protection insurance claims has been increasing as of late which is certainly raising the awareness for those who think they may be entitled to make a claim.
At the end of July 2012, PPI Claims Company compared their data in regards to visitor numbers on their website, the amount of enquiries made to UK PPI Reclaim and more specifically the amount of enquiries that progressed to an active payment protection insurance claim!
July 2012 saw a complete increase in all of the figures when compared to the month of June 2012. There has been a 10% month on month increase in visitor levels, a 7% increase in the number of enquiries and a smaller yet still important 3% increase in the number of enquiries that resulted in a claim. The smaller increase in the total claims that were made is thought to be due to the fact that UK PPI Reclaim are now only taking on cases which they believe will have a 100% success rate. This change reduces the amount of potential bogus claims which are made.
A bigger increase was seen when the data of July 2012 was compared with that of July 2011, a 60% increase in visitor numbers has been seen over the year and growing each and every month. UK PPI Reclaim believe that there is still room for lots more growth as the awareness of mis sold payment protection insurance policies grows through both news outlets, social media and word of mouth. UK PPI Reclaim have stated many new clients come through word of mouth or simply proceeded with a PPI claim because their friends or family members have seen significant success.
Visitors to sites like PPI Claims Advice stated that they felt they needed to make a claim as soon as possible as they were worried that the discussion regarding payment protection insurance causing banks to report significant losses would lead to fewer successful claims.