It is an understanding agreement between a claims management company and client which shows that the client will only pay when there is a winning situation and their claim is a success. Here the risk factor falls more on the claims management company than the client who feels secure and safe in any case. This feature compensates the risk ratio in the event of a claim and client can seek all sorts of help and discuss their happenings freely with the claims management company.
In UK an agreement, CFA is signed that assures advocacy and proof of litigation. The CFA agreement will outline the charges the claims management company could make, these amounts are based upon the outcome and result of the case.
Claimants can get a significant advantage by filing a claim without the fear of expense or any losses.
It is a way to help claimants who may not have the funds needed to pay for litigation.
The claims management company holds all the risk.
When a claims management company agrees to support a claimant on a ‘’No Win No Fee’’ basis, this assures a solid outcome and thereby it becomes less distressing for the claimant.
If you cancel your claim after 14 days the claims management company reserves the right to charge you a termination fee, please see our terms & conditions for more information.
If we are successful in winning the claim process, you are entitled to receive 100% of the awarded compensation, Now, out of that compensation amount received you will pay our fees and cost as agreed upon which usually is capped at 36%. So it is in our best interest to fight for the highest amount possible. At Pimento, we will only take a case on if it has more than 50% chance of winning.
It is important that all essential points of agreements are written down as proof in writing before the trail and the objective is clear at both ends without the risk of losing.
We will always assign a claims handler that you can trust for the complete process and they can guide you the best with your claim. We work on a ‘no win, no fee’ basis.
Pimento Marketing Ltd is a marketing firm working in conjunction with Consumer Rights Solicitors which is a trading name of Consumer Rights Solicitors Ltd. This firm is authorised and regulated by the Solicitors Regulation Authority, SRA Number: 639255 Company Number: 10610997. You are not required to use our services to pursue your claim, you can either go direct to your own solicitor or make a claim yourself to the Financial Ombudsman Service.
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