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Financial Compensation Claims

Have you had a financial agreement that you believe was mis-sold or unaffordable? If you have, you may be able to claim compensation. Your case will be reviewed by our panel of legal firms who will be able to tell you how much you could be owed.

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Overview of financial claims

Financial claims are claims you can make when you lose money through the fault of another party. They usually result from a contractual agreement between two institutional units and are related to debt or other obligations like mortgage payments. Loans are often mis-sold because the proper affordability checks were not carried out beforehand. Other financial claims are mis-sold because of negligence like with pension transfers.

Do you qualify for a financial claim?

The criteria needed to qualify for a financial claim varies depending on what kind of claim you’re hoping to make. However, if you suffered some form of financial loss or harm due to the actions of another party, then it’s worth getting in touch with us at Claims Bible. Our experts can help you to work out if you have the potential to get compensation – if so, we will get the process started quickly. All you have to do is give us a few details about your situation.

Did you know?

If your claim is successful, you could receive compensation as well as interest on the money that you overpaid.

What is the legal argument for a financial compensation claim?

Legally, if you have been mis-sold financial products or misadvised on commercial investments, you are entitled to compensation.

Key Facts

According to the Money Saving Expert, if you make a car loan claim, you could be entitled to thousands of pounds in compensation.

What evidence do you need to make a financial claim?

Getting the money you are owed can be a long process, but the easiest way to ensure you get the outcome you deserve is to gather as much evidence as possible. In particular, the contract which demonstrates you were mis-sold a financial product is key and can even help speed up the process.

It’s worth bearing in mind that, in some cases, the negligent party may ask for proof of your identity and your address so they can access the relevant information in their files.

Did you know?

You can claim for mis-sold car loans up to six years after the agreement is made, so be quick and start your claim today!

How much could you get?

When it comes to financial loss claims such as a mis-sold pension, you will likely get a percentage of the amount you lost. There’s no limit on the amount you can claim from the negligent party, but there is a compensation limit if you go through the Financial Services Compensation Scheme. For a more accurate idea of how much you could get depending on your situation, get in touch with our experts today.

Key Facts

The Financial Conduct Authority (FCA) has conducted an investigation and found that 560,000 could have paid £300 million more in interest than they should have. This means that you could be entitled to compensation.

How long does the claims process take?

The amount of time it will take for your compensation to be awarded will depend on the type of claim you have. Generally speaking, you could be waiting around 11 months for investments, 4 months for mortgage advice and 10 months for whole life insurance.

What is the claims process?

While the claim process can take a while depending on your situation, it doesn’t have to be complicated. All you have to do is get in touch with our experienced and professional team here at Claims Bible and we’ll take care of the rest. However, so you have all the information you need, this is what the claims process usually looks like:

1. Determine your eligibility

We must first make sure that you’re eligible to make a claim. We’ll do this by asking you a number of questions about your case.

2. Assess your case

Once we have all the information we need, one of our team members will assess your case. If we think you have a claim, we’ll connect you to a suitable solicitor.

3. Begin proceedings

Your solicitor will gather all the evidence they need to start working on your case. They will also inform the negligent party that you have initiated claim proceedings and negotiate a settlement on your behalf.

4. Claim your settlement

If you win your claim, you will receive the agreed payout amount within a few weeks of settlement.

5. Escalate your case

If your claim is refuted, we will advise you on the next steps, including how we will escalate your case to the Financial Ombudsman.

Common questions

How much financial compensation can I claim?

No two cases are the same, but if you’re claiming compensation from the negligent firm, it’s possible to receive your investment back in full, for example.

How long does the claims process take?

Your claim could take anywhere from a few months to a year depending on the type of claim that you are making.

For more common questions, please refer to the specific claim pages or read our general FAQs page.

Choose claim

Choose from the different claims below. You can either visit the page to read more about the claim or submit your claim straight away.

Payday Loans

Claim compensation for a payday loan that was unaffordable.

Guarantor Loans

Claim compensation for a guarantor loan that was unaffordable.

Short Term Loans

Claim compensation for a short term loan that was unaffordable.

Doorstep Loans

Claim compensation for a doorstep loan that was unaffordable.

Logbook Loans

Claim compensation for a logbook loan that was unaffordable.

Overdraft Loans

Claim compensation for a bank overdraft that was unaffordable.

Credit Cards

Claim compensation for a credit card that was unaffordable.

Catalogue Credit

Claim compensation for highstreet catalogue credit that was unaffordable.

Plevin PPI

Claim compensation for financial contracts containing hidden commission

Pension Transfers

Claim compensation for a mis-advised investment that lost you money.

Bank Fraud

Claim a refund if you have been a victim of scam or fraud involving your bank.