The Difference between Solicitors and Claims Management Companies

When filing a claim, like a claim for Endowment Compensation, Payment Protection Claims, or a claim for Pension Compensation, one option to go about it is to seek the service of a claims management company. You should not settle with just any claims management company, however. You must check if it uses solicitors for its service, if it employs solicitor directly, or if it doesn't use solicitors at all.

When you are filing a claim, especially against Unfair Bank Charges or against Missold Payment Protection Insurance, there is a difference between hiring a company with solicitors and hiring a company without solicitors. Between a company that uses a solicitor and that hires a solicitor directly, there are different factors to consider. For one, there is a difference between the costs of their service. There are claims management companies that would hire a manager to act as a go-between for their solicitor and you. Some would also require you to sign an insurance policy to cover for your opponent's expenses in case you lose the case. They would even insist that you get a loan to cover for the insurance premium. This is covered separately if you use a solicitor.

There is a difference with companies that use a solicitor and those that do not. Claims management companies can deal with firms responsible for your injury. These companies could go to the bank if needed and actually check their Bank Charges to strengthen your claim of unfair bank charges. They can also do a Pension Review to support your pension compensation claims. They cannot, however, represent you in court which a solicitor can do. You will be at a disadvantage in this case.

Solicitors, like these companies could also help you with other services that you might need aside from filing claims. They can help you Make A Will, teaching you the intricacies of Will Writing as well as avoiding huge Inheritance Tax.