What will it cost you?
Throughout the case we will work on a “no win-no fee” basis. This means that unless you receive a settlement you will not have to pay anything.
As with any legal case there will be disbursements that we have to pay out. Again you will not have to pay these because we have secured funding from a company specially set up to deal with cases like these.
What if the case is lost?
At the very start of the case we will put in place After The Event insurance (ATE) on your behalf. This means that if the case doesn’t succeed then you will not be liable to pay the costs of the creditor.
So, in very simple terms if the case doesn’t succeed you will not pay anything. You will only pay a fee if we win the case.
For example, let's assume that the case is successful and you are offered or awarded £5,000. Our charges will be 40% of this plus VAT, plus the premium for the ATE insurance should be £170*. As such you would receive a settlement of £2,430**.
* The ATE insurance fee is determined by the insurance company and not MoneyPlus Legal.
** This settlement is based on your case proceeding on the Small Claims Track at Court.
Can you represent yourself?
The answer is yes. However, you would have to deal with all matters yourself and pay all of the disbursements upfront which would be approximately £1,000.
Can you instruct a Claims Management Company?
The answer is no. Claims Management Companies have been very successful recovering monies for customers just like you, but they are not a Law firm and so are unable to act for you, or, anybody else on matters involving litigation. MoneyPlus Legal is a Law firm and able to conduct litigation and act on your behalf. We are regulated by the Solicitors Regulation Authority. (Licence number 428794).