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Posted: Thu Mar 24, 2016 2:57 pm
by wh523480
Hello,

I have a question about PPI (*sigh*)

My IVA completed in July 2013 and I soon after received my completion certificate - great I thought, no more payments and now I'm free to start over! :-D

... then the PPI reclaiming started albeit with some success. This is still ongoing over 2 years later, but recently I received an interest refund to my surprise!

I have had 2 claims management companies doing all the work on my behalf claiming ppi, when the 1st company had finished I was forced to go through it all again with another company!

When I received my refund of just over £800, the CMC took a big slice of it and so did my IP!!?

Are they allowed to due this as I was not told they would take a cut of my refund, and not only that, to rub salt in the wound I was told I had to pay tax on my cut!!? :-(

Any comments most welcome.

Thanks,

Posted: Thu Mar 24, 2016 3:04 pm
by lifenoteasy
Simple answer - yes.

Posted: Thu Mar 24, 2016 3:13 pm
by wh523480
Damn! :-(

Posted: Thu Mar 24, 2016 3:44 pm
by Foggy
Yep -- sorry to say LNE is correct.