OUR OFFICE
St Georges House, Manchester,
M2 3NQ

What Red Star does for me?


Red Star Financial Management works with you to establish if you are eligible to complain. We then lodge a complaint against your lender(s) depending on the claim type and await their response. We actively chase your lender(s) and review information requests they may make.

We evaluate every final response issued to establish if either the offer of compensation you have been awarded is the maximum we can reclaim for you OR if your claim is rejected, you wish to pursue the matter further and we feel this can be passed to the Financial Ombudsman Service (FOS). 


We then work with the FOS to further your claim and help you complete any paperwork if required.

We have a team of experienced staff who work hard to reclaim as much compensation as you may be entitled to.


PPI Fees Example


Example A:
Example B:
Compensation includes a future reduction in loan repayments
Example C:
Compensation is used to offset arrears consumer has on credit card or loan

Total Compensation

£3000

Total Compensation:

£3000

Total Compensation:

£3000


Loan Reduction:

£1000

Set of arrears:

£3000


Fees charged @ 35%
£1050

Fees charged @ 35%

£1050

Fees charged @ 35%

£1050


VAT @ 20%

£210

VAT @ 20%

£210

VAT @ 20%

£210


Consumer Pays Firm:

£1260

Consumer Pays Firm:

£1260

Consumer Pays Firm:

£1260


Consumer Is Left With

£1740

Consumer Is Left With

£740

Consumer Is Left With

£0


(But on reduction in load as it is already paid off in full)

(But a reduction of £2000 in future loan installments)

(but a reduction of arrears of £3000 in their outstanding loan)



PBA Fees Example



Example A:
Example B:
Example Of fees If Arrears/ Overdrawn

Total Compensation

£3000

Total Compensation:

£3000


Of Which Cash

£3000

Of Which Cash

£000


Arrears reduction
£1000

Fees Charged

£1050

Fees Charged

£1050


VAT @ 20%:

£210

VAT @ 20%:

£210


Consumer Pays Firm:

£1260

Consumer Pays Firm:

£1260


Consumer Is Left With

£1740

Consumer Is Left With

£740



Cancellation Fees


If you cancel after the 14 day period from when you sign the terms and conditions, a fee may still be applicable (for more information please refer to section 5 of the terms and conditions).

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