Costs
No win, no fee
GiveMeMyMoney operates on a ‘No Win - No Fee’ basis, meaning that we don’t charge you a single penny until we have won your case. This may sound risky on our part, but our rate of success is so High that if we start working for you, we are confident of getting your money back provided you do not cancel your contract with us.
Client Services
From start to finish, GiveMeMyMoney manages the entire process of recovering your mis-sold PPI. Our scope of services consists of:
Assessing Your Claim
With your loan documents we can quickly determine how much money you could be owed. In some cases, you may be eligible to make multiple claims and get back more than you expected.
Handling Your Claim
We will submit a formal claim directly to your lender, referencing relevant laws, rules and codes of practice. It is highly likely that we will have dealt with your lender many times before, so the lender will know better than to offer an unfair settlement.
We will negotiate the best possible settlement, or if the lender is unwilling to pay, we will take your case directly to the Financial Ombudsman or, in some cases, the Financial Services Compensation Scheme.
Paying Your Claim
In most cases your compensation will be paid directly to you by your lender. If your loan is still live, some may be used to reduce your loan balance. We will issue an invoice to you for our fees plus VAT. In some cases your compensation is paid into our Client Account. In these cases we will deduct our fee and VAT, paying the balance to you.
Keeping You Informed
Our lines of communication with you are always open via telephone, text or email. We will keep you fully informed at all times, including the date when you can expect to get your money back. You can also securely track the progress of your case on line via our case management system.
Fees
Our fee structure is simple—for loans of £5,000 and over (excluding the cost of the payment protection insurance) you pay us 25% of the amount we recover for you, plus VAT. For loans of under £5,000 (excluding the cost of the payment protection insurance) you pay us 30% of the amount we recover for you, plus VAT. And remember, you only pay after we’ve made a successful claim. If we don’t win your case, you pay nothing.
Here’s a table with some examples (in £):
| Loan Size | Amount Recovered | Our Fee | VAT | Total Fee | Total You Receive |
|---|---|---|---|---|---|
| £3,000 | £1,000 | £300 | £60 | £360 | £640 |
| £5,000 | £1,250 | £312.50 | £62.50 | £375 | £875 |
| £10,000 | £2,500 | £625 | £125 | £750 | £1,750 |
| £25,000 | £6,250 | £1,562.50 | £312.50 | £1,875 | £4,375 |
Am I eligible? How much could I claim?
