The Claims Guys Ltd are being investigated by the Claims Management Regulator under Regulation 35 of the Compensation (Claims Management Services) Regulations 2006 in order to determine whether it is in breach of the rules relating to due diligence.
Charges 30% + VAT
Read the Terms and Conditions >> TCG_PPI_TOE (Feb 2016 – PDF download)
Check the Complaints Procedure (CP_001_1116-Complaint-Procedure) PDF Download
The Claims Guys terms include the following terms relating to payment for their services.
c. You agree that the Company is entitled to remit the Compensation to TCG and that TCG shall deduct the Fee and VAT before paying the balance of the Compensation to You.
d. TCG will, as soon as is reasonably practicable following the settlement of a Claim and the payment of Compensation by the Company to TCG, pay You the balance of the Compensation, after deducting the Fee. For the avoidance of doubt where You have more than one successful Claim against one or more than one Company, TCG may deduct from any Compensation paid the Fees payable in respect of each of the Claims from the compensation received in any one of those claims.
e. Fees become due and payable at the point that either TCG or You are informed that Compensation is payable by the Company or when an offer of Compensation is made by a Company to You, whichever is the earlier. If the Company offers or pays Compensation to You directly, You agree to notify TCG immediately (and within 7 days at the latest) and to provide the details TCG needs to calculate the Fee. For the avoidance of doubt, should you reject a reasonable offer of Compensation, the Fee remains due and payable on the sum offered, subject to adjustment in the event that a greater sum of Compensation is paid to you whilst Your Claim remains open.
f. Compensation may be used by a Company to reduce any outstanding debt You owe them and You understand that TCG’s Fee of 30% + VAT will be payable to TCG based on the total amount of calculated Compensation even if the Company does not pay the whole sum of the Compensation to You in cash. TCG will invoice You for the Fee which
will become immediately due and payable by You to TCG.
g. If the Compensation is paid direct from a Company to You, TCG will invoice You for the Fee which will become immediately due and payable by You to TCG.
This means you may be asked to pay the firm 30%+VAT of your reclaim sum before you have received it from the bank.
Further Research –
View on Companies House Company Number – 06821134
Registered Address – Lynnfield House, Church Street, Altrincham, Cheshire, WA14 4DZ
View on Ministry of Justice Website – Authorised – CRM19382
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