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How Do You Know That You Have a High Chance of Claim?

Oct 19, 2021

You will know that you have a high chance of your claim once you determine every important aspects of your claim. 

How Do You Know That You Have a High Chance of Claim?


Filing an affordability claim or a mis-sold insurance claim is easy and simple. But you need to know how likely you are to win a compensation. Knowing your chances of being awarded for your claim is important because it could save you time and energy. You’ll need to deliberately and carefully think before you decide to make a claim, if it has a big chance, little or no chance of success at all.

So how do you know that you have a high chance of claim? You will know that you have a high chance of your claim once you determine every important aspects of your claim. 

  1. The solidity and strength of your evidence - Your evidences will determine the reasonable chance in winning a claim. For an affordability claim the best evidence you’ll need is your credit file or credit history and financial statements since affordability claim is a complaint against a lender or creditor for irresponsible lending and for failing to do a proper affordability check before granting you loans. For a mis-sold insurance claim you need to prove that you were never given the accurate information about how the policy works.
  2. The entity that the claim can be made against – This refers to any of the following: financial institution, creditor, lender and the bank that provided the loans or the company providing the mis-sold insurance. You can never file a claim without the entity that claims can be made against.
  3. The financial institution, creditor, lender and the bank that provided the loans or the company providing the insurance has a duty of care to the claimant and was negligent in fulfilling that duty – This means that there was irresponsibility in the part of the entity and that you the claimant was untreated fairly.
  4. The grievance, injustice and stress of the claimant – You need to support your evidence with how greatly you were affected by the negligence of your lender, creditor or the company providing the mis-sold insurance.

If those above mentioned are complete and you have evaluated or assessed that you have all that it takes to file a compensation claim, and then you are likely to have a high chance of winning a claim. If you are having a hard time determining if you have a high chance of claim and you don’t have enough time and energy to collate all those needed for your claim. You can always check with a claims management company who can work this out for you. You’ll never know if you won’t try, you might be entitled for hundreds or thousands of pounds compensation.

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