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Claims management services now regulated
With immediate effect all claims management companies will now be regulated by the Department for Constitutional Affairs. Known in the trade as 'ambulance chasers' those firms authorised to provide the regulated services must follow strict rules of conduct. This will ensure that consumers are given clear information about the options available for pursuing their claim. If an authorised person fails to comply with the rules, the Regulator will be able to take disciplinary action.
The regulation is intended to help: reduce malpractice including high pressure selling; stop unauthorised marketing activity in hospitals; reduce misleading advertising; deliver clearer and more transparent contracts; and ensure that authorised persons have a clear mechanism for dealing with consumer complaints.
Around 800 organisations have so far been authorised, and the authorisation process is continuing for applications received after the initial deadline of February 16th.
Consumers will be able to check if a company is authorised by using the search facility for authorised persons provided on the Claims Management Regulation website at www.claimsregulation.gov.uk.
Moneyextra.com recommends you take independent financial advice before acting on any article
Back2007-04-23 11:14:19 © Moneyextra.com
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Rate Type |
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| £386.94 | 6.2% | Fixed | £23,216.38 | |
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| £419.82 | 9.9% | Fixed | £25,188.92 | |
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Representative example: based on a loan of £20000 Representative APR 9.9% Fixed. Total amount repayable £25,188.92 at £419.82 per month for 60 months. Find a cheaper offer and Barclays Will Pay the Difference |
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| £419.82 | 9.9% | Fixed | £25,188.92 | |
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Representative example: based on a loan of £20000 Representative APR 9.9% Fixed. Total amount repayable £25,188.92 at £419.82 per month for 60 months. Find a cheaper offer and Barclays Will Pay the Difference |
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| Nationwide Building Society - Personal Loan | ||||
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| £419.82 | 9.9% | Fixed | £25,188.92 | |
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Representative example: based on a loan of £20000 Representative APR 9.9% Fixed. Total amount repayable £25,188.92 at £419.82 per month for 60 months. Advertised rate for main FlexAccount customers only, other options available. |
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| Secured Loans |
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Blemain Finance
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| £333.33 | 0.0% | Variable | £20,000.00 | |
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Representative example: based on a loan of £20000 Representative APR 0.0% Variable. Total amount repayable £20,000.00 at £333.33 per month for 60 months. |
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Blemain Finance
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Monthly Payment |
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| £333.33 | 0.0% | Variable | £20,000.00 | |
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Representative example: based on a loan of £20000 Representative APR 0.0% Variable. Total amount repayable £20,000.00 at £333.33 per month for 60 months. |
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| Blemain Finance - Secured Loan | ||||
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Blemain Finance
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Representative example: based on a loan of £20000 Representative APR 0.0% Variable. Total amount repayable £20,000.00 at £333.33 per month for 60 months. |
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Representative example: based on a loan of £20000 Representative APR 9.9% Variable. Total amount repayable £25,188.92 at £419.82 per month for 60 months. Low Rate, Cheap, Secured Homeowner Loan |
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