Hey, even if you won the lottery you’d need to provide a valid bank account to receive your payments into, so too if you wanted to invest a bit of your money and perhaps periodically receive some dividends or other forms of return on investment. The fact is it’s just about impossible to function without coming into contact with services rendered by the financial industry, with some of the service fees they charge appearing to be rather ridiculous. Be that as it may, we’re very limited by way of alternative choices and different options, especially since the financial services industry is very heavily regulated — or rather the regulations which are placed on consumers are enforced much more rigorously than those placed on the financial service providers themselves. So essentially the financial service providers have somewhat of an unfair advantage over their clients and this sort of renders competition in the form of the different choices available insignificant.
Premiums and fees you’ll pay for financial services don’t differ by too much when you compare them against different service providers, but there are still some ways of ensuring you get the best deal on all the financial services you require.
Inquire as part of a group
For the financial service providers it’s nothing more than a numbers game. They thrive on the volume of clients they have paying monthly premiums and fees, so you should use this to your own advantage. Simply organise yourself with about three or four other people who are on the market for the same type of financial service. If you need household goods insurance for instance, gather up three or four others who also want household insurance and then approach an insurer as a group. They can’t resist dropping some of the fees they can down in order to gain the business of a group of people as opposed to just a single client.
Use a specialised service
Using a specialised service which deals with financial service providers will go a long way in ensuring you get the best deal on any financial service you require, but this specialised service should go beyond brokers. For something like a Payment Protection Insurance claim, a specialist service such as that of Stanton Fisher PPI Claims is your best bet at not only getting the best deal possible, but perhaps even learning of some further benefits you’re eligible for without knowing it.
In the case of something like a PPI claim, it’s perhaps crucial to make use of a specialised service since it’s about more than just getting the best deal. It’s about getting what’s due to you in this instance.