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Go Back   The Consumer Forums > The Consumer Forums
The Consumer Action Group
> Payment Protection Insurance (PPI)

Payment Protection Insurance (PPI) The misselling of Payment Protection Insurance is widespread, and believed to run into billions of pounds. This forum will help you to see if you have a valid claim for a refund, and guide you through the process.


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Before beginning to claim your bank charges be sure to read the FAQ by clicking the link above. Read it carefully and also read as much of the forum material as you can manage before you start claiming your bank charges refund. You will have to register before you can post or view the materials which may assist you in reclaiming your penalty charges: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. Understand what you are doing and you will be able to Reclaim the Right more effectively.

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Old 7th November 2007, 12:10   #1 (permalink)
fairbank
Classic Account Customer
 
Watch out, there are Claims Touts about!

Challenge your credit file?

Join Date: Feb 2007
Posts: 227
fairbank Novitiate
Default PPI No Win No Fee Companies

First of all I apologise if there is a similiar thread but the site is so huge to look through.

Anyway, I have been doing some digging and contacted a compnay who told me that they could get my PPI back in about 4 - 8 weeks. Deal done they said

Cost £500 up front plus 12% of what I get back!

Other companies are on a no win no fee basis.

What I struggle with is the different sales tactics that they have employed. I can't see how this is a deal done otherwise there would be a mass claim by everybody. They advise that all premiums would be refunded and one said that the whole amount of the PPI, sorry the balance would be sent to me by cheque. Another said it would be a refund on the original agreement thus reducing the loan amount. Sounds to good to be true

Does anybody have any experience of such companies out there? Has anybody used one?

It does sound attractive to employ one but I am not convinced about their assurances nor do I want to cough up any money up frot (I ain't got any!)

I know that I could possibly do it myself (having claimed back bank charges, which was very painless) but it seems to me that the PPI issue is a much more compliacted beast. Once again has anybody got anything back, specifically Paragon and Capital One

Thanks in advance!!
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