PEOPLE are being warned not to use claims companies to try and claim for being mis-sold Payment Protection Insurance (PPI).
Kevan Jones, MP for North Durham, has urged his constituents to avoid the “unscrupulous” companies and said they should seek official advice instead.
He said: “I have been contacted by a number of constituents who have enlisted the help of a no-win, no-fee claims handler to make a PPI claims on their behalf and have encountered no end of trouble as a result.
“Even when they do receive a payout from the company who sold them the policy, people are paying upwards of 30 per cent of whatever they receive to the claims handler.
“We have seen this time and time again, with these companies attempting to make a fast buck out of compensation schemes covering a range of issues.”
He added: “The Financial Ombudsman has produced a great deal of guidance on this matter to allow individuals to make claims without having to become involved with these companies, so there is really no need for people to pay to claim back money that is rightfully theirs.”
Information about claiming for allegedly mis-sold PPIs can be obtained form the Financial Services Ombudsman, at 0800 023 4567.