PPI claims firms cost a fortune

Jo Robinson
Updated

Owen Humphreys/PA Archive


New figures from the Financial Services Compensation Scheme (FSCS) reveal that the vast majority of consumers making claims for mis-sold Payment Protection Insurance (PPI) from failed firms have done so through claims management companies.

The figures, which are based on an analysis of PPI claims between 2008 and 2011, show more than three quarters using these companies.

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