National Accident Helpline, the free advisory service for people
who have suffered an injury as a result of an accident, has
acquired PPI Claimline.
PPI Claimline is a claims management company focused on the
recovery of mis-sold payment protection insurance
(PPI).
Sam Porteous, chief executive officer of National Accident
Helpline, said: "Through this acquisition we are extending our
experience of championing consumers' access to justice into the PPI
world. There are many synergies between National Accident Helpline
and PPI Claimline. We both operate in regulated environments and
care about fighting for unrepresented consumers."
James Kafton, managing director of PPI Claimline, said: "National
Accident Helpline's leadership will help us to develop the business
and their experience in helping victims fight for justice fits with
our way of working.
"Many people do not feel they have the time or understanding to
approach lenders and handle a PPI claim process and forms
themselves, nor do they necessarily understand the details of how
they were mis-sold. PPI has been mis-sold as lenders have been
selling single premium PPI, using pressure tactics and selling to
ineligible or inappropriate people."
PPI Claimline processes claims against lenders on behalf of
clients to recover the premiums and interest paid by the client for
their mis-sold PPI. The company
handles all aspects of the claim using a process written and
managed by an experienced solicitor and does so on a no win no fee
basis.
Based in north London, the company has been trading since June
2009 and, like National Accident Helpline, is regulated by the
Ministry of Justice.
The Financial Services Authority (FSA) estimates that as much as
£15 billion of PPI could have been mis-sold. At the end of 2010 the
FSA's estimate was that 886,000 complaints of PPI mis-selling had
been made.
National Accident Helpline is the leading marketing group for
solicitors specialising in personal injury and is responsible for
the campaign championing consumers' rights to justice through the
website http://www.underdog.co.uk.