In 2012, double the number of people made claims from failed PPI firms, compared to the previous year, research has found.
Claims management companies take a sizeable chunk of any payout. Consumers who make a claim directly to FSCS keep every penny of their compensation.
Some people may prefer to use a claims management company, but it is important that they understand the charges from the outset and are happy to pay them.
More top news
85% of products surveyed by the charity Action on Sugar were found to have more of the sweet stuff than Haribo.
New Psychoactive Substances Bill creates a blanket ban on the sale of legal highs, with up to 7 years in jail for selling them.
Pharmaceutical giant Roche is trialling a new type of treatment which could work better than chemotherapy.