If you chose a compensation claims expert simply because you knew he or she could get you comprehensive compensation, then you are certainly making the right move. However, you must keep your expectations in check even if you have the best compensation claims expert in the area. You’ll also need to work with them effectively to ensure your claim’s success. Here are a few things to remember.

1. Distance
If your claims expert comes from another city, expect them to find trouble getting to personal meetings to discuss your compensation claim’s details. It is important that you work with a claims expert residing in your area or city rather than a claims expert who offered you a lower service pride but is an hour’s ride away from your place. Regular updates between your and your claims expert make for good compensation claims.

2. Information
Your claims expert is not a mind-reader; they can rationally incline your claim and the evidences you have but they cannot know the other details if you do not tell them. If you fear for your confidentiality, ensure that you are working with a Ministry of Justice-regulated claims company. You could know their regulation if you ask for their Claims Regulation Number.

3. Have Patience
Even if the claim expert’s company advertised that they do 100% of the work and they can provide you your compensation within a month, manage your expectations. A compensation claim’s processing length depends on the nature of the compensation claim, the injuries you sustained and the receipt of the medical report and other evidences.

Obviously, if a deadline is proposed, the process stops, but this article will discuss what can happen to PPI claimants should the Financial Services Authority approve the proposed deadline of April 2014 next year by the British Banking Association. PPI is the most complained-about product in the United Kingdom, with banks mis selling PPI to around 3.2 million customers.

John Cridland, the director general of the Confederation of British Industry, was first to propose the deadline to the FSA. He claims that it was time the UK financial industries rebuilt their capital and aided the “real” economy of the United Kingdom. The British Banking Association backed up this proposal. The FSA considered making the deadline, but they reassured customers that all their decisions will be to the benefit and fairness to the customers.

If the PPI claims deadline pushes through, it can mean trouble for many bank call centres. The average PPI claim call centre has around 3,000 – 4,000 employees. Lloyds, the biggest mis seller of PPI, has around 6,000 personnel to handle the influx of claims. This number of employees can increase as a greater number of claims will be expected on a weekly basis, making a temporary “employment boom”.

Banks may continue to make unsatisfactory investigation on the influx of PPI claims. The great number can overwhelm their employees’ workload, causing them to automatically compensating any claim with any amount, which may or may not be unfair to customers.

You might also have a difficult time processing your claims because of the great number of PPI complaints coming in. It is also possible to see a “bottleneck” scenario as the PPI claims deadline approaches, which might possibly render the financial industry unstable. To avoid being caught up in the bottleneck, contact MisSoldPPIClaimsCo.co.uk today and get your PPI claim underway!

The Ministry of Justice first presented the no win no fee claims system in the country during the 90s to allow citizens equal access to the justice system. This arrangement meant that the client is to only to pay their legal representatives upon winning a claim successfully. The usual legal fee covered by a successful claimant is 25% of their compensation amounts. However, because severe cases had left many victims undercompensated, the MOJ gave severe injury claims a win/lose no fee advantage.

ministry-of-justice

The win/lose no fee agreement became applicable to all injury claims. The legal representatives will now take their legal fees and other expense fees against the defendant. However, because many fraudulent and exaggerated claims came about in the following years, the MOJ has decided to abolish the win/lose no fee claims system in 2014.

Should the United Kingdom go back to the no win no fee claims system? Authorities think so; the expenses dealt by fraud whiplash claims cost £2 billion compensating for incontestable claims. The Ministry also plans to increase the Small Claims Court payouts to £5000 to reduce the stress from insurance companies. The health boards will give consideration for severe and unlikely-fraud claims, such as medical negligence and extreme cases, for win/lose no fee agreements.