FAQ's
Q:
What is compensation?
Compensation is any amount paid due to actions taken by Portal Claims which would not have been paid had no action been taken by you.
Compensation can include the following:
- PPI premiums & interest paid to the date of settlement
- Statutory interest payable on each premium to the date of settlement
- Any other amount, including rebates, written off the loan after Portal Claims has submitted a complaint to the advising firm.
Note: Your loan or credit card provider may use your compensation to reduce your loan or debt balance.
Wealth Warning:
Watch out for firms charging no win-no fee at a rate of 10% plus interest + VAT. Often they will take 10% of recovered premiums plus ALL interest recovered. Often the interest is at least half of the claim so you could easily end up paying far more than paying a simple 25% plus VAT.
