Record numbers of claims for mis-sold PPI

The Mitchell Farrar Group, which runs Investor Compensation and its website ppiclaimback.co.uk, is currently recruiting additional staff to deal with the influx of customer claims.

Jim Rowley, group managing director at Mitchell Farrar said:

"Many reports are focusing on the old cases, but there are massive amounts of new claims coming in.

"The number we received in July and August was six times higher than in April so this is gathering even greater momentum now and I think there are many more claims to come.

"Some claimants are seeing some great successes as a result which is again fuelling growth of interest. We are taking on experienced staff to deal with this influx and ensure that all claims are received as quickly and effectively as possible.

"Of-course thousands may still be waiting for their money as banks struggle to hit their targets for clearing their backlogs even after the August deadline but things are definitely moving and we have just had one claimant for whom our team has succeeded in claiming back over £80,000!”

The client, who has asked not to be identified, was very keen to highlight the benefits of pursuing a claim.

She said:

"I would never have had the knowledge or confidence to claim for PPI from start to finish if it hadn't have been for Investor Compensation.

 They helped me a lot which, in my case, led to a settlement payment of over £80,000. I would urge anyone else in the same situation to get in touch and get the ball rolling.

I know it might be daunting at first but it is worth discussing your situation with a trained professional who is used to dealing with PPI claims regularly. Banks seem to take more notice of them as they deal with them day in day out and they appear to get a better and quicker result all round."