I have by chance recently found some old credit card statements going back to 2004 & 2005 that show I was paying a heck of a lot of PPI on three cards.
AS the accounts are old,would I be better off using a company to have a go for me? I have found one that seems reputable who will do it at 9% which I would be quite happy to pay.
They indicate that some people when they do it for themselves, settle for less than they should, which whilst I appreciate may be a bit of sales blurb, does make me wonder if the credit card companies would try to pull the wool over.
Hmmm -- there is no settling for less than you should, really. If the creditor admits the claim it's a full repayment of premiums paid, plus 8% interest. Maybe they mean where a creditor tries the "we don't admit it was mis-sold, but, as a gesture of goodwill we will repay your premiums" thereby saving the 8%.
Thinking about it -- at the rates quoted that will, as near as, cover your fee.
Couldn't comment upon the reputation of the company, as many charge the earth and do very little and I would be wary of using anyone to do something I can do myself.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
I think You have prob just as much chance of claim success and the amount to as any claim company. You can download the form and send via email from moneysavingexpert (martin lewis site before he flogged it for millions)or which
I think you can make a PPI claim as long as you have the original paperwork you can go back as decades the FOS don't recognise the long stop rule. Credit card companies only keep their records on PPI for six year from your last payment before they can dispose of them and that's where claims come unstuck it's all tied up in statute - boring
A lot of cases are being referred to the FOS to be investigated so you could be in for a long haul circ 18 months maybe more
Good luck either way
Just a little word banks n the like don't like insolvents claiming as some posts have shown you know double slap an all that. It has been suggested that if you use a claims company the banks may at some point and I only say may come after to you for the claim company fee!
yet to be tested
And to be fair to the banks mis-sold or not they will reply with kind at some point to the general public all round
I would just do it yourself to be honest, the so called "reputable claims companies" may not be all that they claim to be in the long run, having issues with this myself due to one prior IVA but am not letting it cloud my judgement on it, a chap at work just sent a letter to the COOP I think a couple of weeks before Christmas stating he believed he had been mis-sold PPI (due to, fill in the blanks)for a loan which he had many years ago, he got a letter last week saying they were prepared to offer around £1500 as a good will offer? do as you see fit but it is you who have paid the PPI over the years, not the claims companies, so why should they benefit?
