FAQs

Question: How long do the claim forms take to fill in?

Answer: Our forms are very quick and simple requiring only what is absolutely necessary for us to make the claim. The forms only take about 5 minutes to complete each. If someone has 5 claims then they need to be on 5 different forms but each one represents a separate commission.

Question: Is Portal Claims regulated?

Answer: Yes. Portal Claims is regulated by the Ministry of Justice in respect of regulated claims management activities; its registration is recorded on the website www.claimsregulation.gov.uk

Question: Do I have to be regulated?

Answer: Yes. Please contact us for details.

Question: How do you report to us?

Answer: You will have a dedicated account manager who will be your point of contact. They will be responsible for preparing a monthly report outlining the progress of each of your claims and how much you need to invoice us.

Question: How much is the average claim worth?

Answer: The average PPI claim is worth about £2500 meaning our average net fee is £625. However the biggest claim we have made was over £22,000.

Question: What type of PPI should you be looking for?

Answer: We are only looking for single premium PPI. That is PPI that was sold at the same time as the loan. It was often sold by the loan provider and added onto the loan. Most banks, building societies and loan companies sold PPI in this way.

Question: How will you earn money from your clients' claims?

Answer: Once your client completes a claim form you then forward this on to us. Portal Claims will then assess the best way of making your client’s claim. Once the claim is successful you will receive 20% of Portal Claims fee. On average our fee for making a successful PPI claim is £625 + VAT so you will receive £125. (+ VAT if applicable)

Question: Why your client will want to reclaim the PPI

Answer: Most PPI that was sold as a single premium was a rip off. It was over priced and offered poor value for money, on average adding about one third to the size of the loan.

Why PPI may have been mis-sold

Here are some other reasons why PPI may have been mis-sold, and why your client may want to make a claim. By the way, don't worry about remembering all these as they are included on our simple claim form.

• The policy was hugely over priced
• The client could get a similar policy on the open market for a fraction of the cost (you may be able to sell a suitable replacement to them!)
• The client was unemployed, self employed, retired or on a fixed term contract when they took out the policy.
• The client had a pre existing medical condition when they took the policy out
• The client was told that they had to have the company’s own PPI in order to get the loan
• The Terms & Conditions were not fully explained
• PPI was added to the loan without the client’s knowledge

The above list is not comprehensive, but as you can see it will cover a huge number of policies.

How do I sign up and start earning thousands?

Complete our on-line registration form and we will call you back. Alternatively you can call Tim Moore now on 01634 733133 or email us at info@portalclaims.com.