PPI Calculator & Our fees Explained

PPI COMPENSATION & OUR FEES EXPLAINED
Example A:

All Compensation is Cash in Hand

 

Example B:

Compensation includes “Cash in hand” with part Cash in hand amount goes into Outstanding adjustment

Example C:

Compensation  is used to offset current outstanding adjustment for card / loan

Total Gross Compensation: £3000 Total Gross Compensation: £3000 Total Gross Compensation: £3000
Of Which payout is: £3000 Of Which payout is: £1000 Of Which payout is: £0.00
Fees Charge @20% £600 Fees Charge @20% £600 Fees Charge @20% £600
Consumer receives £2400 Consumer receives £400 Consumer Pays £600
(No reduction in balance outstanding) (Reduction in balance outstanding by £2000) (Reduction in balance outstanding by £3000)

*The above examples are for illustration purpose and do not represent the actual claim amount.

©2020 Advance Financial Consultants Ltd

* Advance Financial Consultants Ltd is an introducer with Julian Harris Mortgages Ltd which is authorised and regulated by the Financial Conduct Authority (FCA), Registered in England & Wales 06869802. Data Protection No. Z1792988.

     "The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at www.financial-ombudsman.org.uk "

      Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.

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