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Telegraph warn against Claims Management Companies re: Swap Mis-Selling

The Telegraph have just warned small businesses from going to Claims Management Companies regarding Interest Rate Swap Mis-Selling. Dozens of these firms have sprung up, often the same firms that are being criticised for mis-handling or filing bogus PPI claims.

This also applies to the many solicitor firms that have started marketing interest rate swap mis-selling.

We at Vedanta Hedging are genuinely concerned that many SMEs could be taken advantage of for the second time (first by their Bank, and now by a Claims Management Firm / Inexperienced Law firm). This is through the experiences we have seen through our clients that have been in contact with such firms.

No matter how good the marketing literature may sound, or the attraction of no fees to pay and hundreds of thousands being able to be claimed for, we urge you to resist.

It is imperative that for Interest Rate Swap Mis-Selling cases, that SMEs seek proper Expert Advice. One option is to turn to professional Financial Advisors that are fully authorised by the Financial Services Authority.

There are several solicitor firms that we believe are genuinely credible and experienced in these cases.

We only work with solicitor firms that we believe fully appreciate the complexity (and difficulty) of these cases, and will happily discuss with you about them, if and when appropriate to your case.

 http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9247936/The-claims-companies-riding-the-PPI-gravy-train.html

Nadia Patel

Nadia has a degree in Business Management and a Diploma for Financial Advisers (Level 4). She has ten years of experience in financial services. This includes FSA regulated adviser roles in HSBC, Halifax and Nationwide. As senior manager at Vedanta Nadia is responsible for managing the office, client contact and marketing for the business.

Nadia Patel

Nadia has a degree in Business Management and a Diploma for Financial Advisers (Level 4). She has ten years of experience in financial services. This includes FSA regulated adviser roles in HSBC, Halifax and Nationwide. As senior manager at Vedanta Nadia is responsible for managing the office, client contact and marketing for the business.