In case you have ever taken out a credit card, loan or mortgage, you must have come across the term Credit Claim. Credit claims are designed to provide consumers with a means to receive compensation if a lender or insurance corporation fails to provide reasonable and fair service, leading to insufficient or ineffective budget management.
One of the prominent companies in the UK offering credit claims services is Gain Credit claims. In this article, we shall delve into Gain Credit claims, providing insights on what they are, how they work and how they can assist clients in securing their financial settlements.
What are Gain Credit claims?
Gain Credit claims is a company that offers credit claim services to consumers who have had claims rejected by businesses or insurers. The company specializes in handling credit-related claims, such as Payment Protection Insurance (PPI) claims, which have become a major issue in the UK in recent years. It is estimated by the FCA that there were over 16 million PPI policies sold in the UK; however, as much as 50% of these were mis-sold.
How Does Gain Credit claims Work?
Gain Credit Claims operate on a no-win, no-fee basis. This means that clients are only charged once their claims are successful, with a charge rate of up to 25% plus VAT of the total compensation received. This fee plan, however, varies depending on the type of claim and the ultimate success rate of the claim. The company has a team of experienced claims handlers who assess the viability of a claim before taking on clients.
Once a claim is accepted, the handlers will gather all the necessary information needed to file a claim. They will then submit the claim to the insurer, financial company or bank that is responsible for compensating the client, and will seek appropriate legal advice should the need arise. The handlers will keep clients up to date with every stage of the compensation process, from the initial review of the claim to offer stages and settlement.
What Types of Claims Does Gain Credit Claims Deal With?
The company specializes in claims related to credit, such as:
1. Payment Protection Insurance (PPI) Claims
PPI claims are the most commonly referenced credit claim in the UK. These types of claims are made against banks and other financial institutions that sold customers PPI policies alongside loans, mortgages, and credit cards, without properly informing them about the attendant fees. Gain Credit Claims handles claims for mis-sold policies, as well as policies that were sold to clients who had pre-existing medical conditions.
2. Packaged Bank Account Claims
Packaged Bank Account (PBA) claims are claims made against banks and financial institutions that sold customers additional services alongside their bank accounts, such as insurance policies and discounted banking services without highlighting the attached fees. Customers who didn’t need these services were charged for them and could be owed refunds.
3. Other Financial Claims
Gain Credit Claims deals with other financial claims such as miss-sold pensions, investment scams, and mis-sold annuities. The company has vast experience in these claims and the necessary legal expertise to handle each claim professionally.
Why Should you Use Gain Credit Claims?
Using Gain Credit Claims is beneficial for several reasons:
1. Expert Work
As seen earlier, Gain Credit Claims is an experienced claims management company. The company has incredible legal expertise and knowledge of tricky case scenarios that will help clients receive the compensation that is due to them.
2. Simple Claims Process
The company has a straightforward and stress-free claims process. Clients do not have to worry about repetitive documentation or follow-ups; instead, they allow experienced claims handlers to take care of these details.
3. No Win No Fee
Gain Credit Claims operates on a no-win, no-fee basis. Clients are only charged when they receive compensation, thereby providing peace of mind to clients.
4. High Success Rates
Gain Credit Claims has a high success rate in secruing credit claims for clients. The company handles claims with the utmost professionalism, and the experienced team of claims handlers ensure that clients receive the settlement they are due.
Closing Thoughts
If you need to file a credit claim, Gain Credit Claims is an excellent option. The company offers professional and straightforward claims management services, with the promise of zero fees should claims become unsuccessful. Use their experience to your advantage and receive the compensation that you deserve.