Ahhh i did not read the age of the thread , or the other 3 pages! haha. Oh well , maybe someone will find the information usefull

I worked for the Company it'self , i can provide a hell of a lot more incite as to how it operates and how i would rate it from the inside. I replied to help the person who was worried for her security , not to get into a ****ing contest.

lol they do NOT decide where the money goes ... EVER. The creditors retain the right to offer cash / partial / offset. YES i would URGE you to do it for yourself , go to your bank and ask for a Section 78 i believe it is, or a SAR . A SAR will cover all accounts you have with that creditor. It will be ALOT cheaper to do it yourself. But on the other hand you must word your correspondence to the creditors in a clever way. And WHEN you recieve your FIR ( First initial Rejection ) letter please DON'T give up. That is what EVERYBODY does and it usually turns out that there is a case. I have had this happen when a creditor will state '' sorry there is no PPI ' we will send another letter saying that out client is NOT happy then the response from the creditor will state they DO have PPI and want to offer them a settlement! . It is UNBELIEVABLE what they will say / do to keep it from you. I would say do it yourself , it IS rather straightforward. Im sure if you Google '' how to Claim my PPI back MYSELF ' then there will be a list of instructions.

Hello LilythePink. Without going into TOO much detail i can CONFIRM that this company IS legitimate. I myself worked for them for roughly a year. The reason you got a call 'out of the blue' is this SYC is an ' un affiliated ' part of totemic it'self. Basically... payplan will gain money from the BANKS through a 'fair share ' agreement if you agree to enter a DMP/IVA etc etc with them. So they are trying to re coup a loss. And creditors will pay payplan for getting clients such as yourself to pay a percentage of those debts. Now obviously payplan dont WANT you in debt, because the quicker you pay your debts off , the quicker your creditors will give them a 'thank you' slice of the pie for helping get it back, are you still following me?... So SYC ( Stake Your Claim ) , Yes. Is another PPI reclamation company. But the reason they called you is because %99 of people who had PPI DID NOT know about it. it can be on ' loans / mortages / car finance / (any finance ) / store cards. you wouldnt believe where it has been hiding. Also if you have ever Consolidated depts... it COULD be that two seperate lons that ALREADY had PPI on without your knowledge were merged to ' consolidate ' the debt into One debt. Now the creditors were cheeky and stuck PPI on THAT also sometimes. So it could be that you had One Loan / store card etc etc with 3 + PPI policies on them. Stake your claim HELPS people. If you were in X amount of debt to a creditor for X amount of years then the PPI on that debt CAN and i have witnessed it myself , become a payout so large that it pays off all your debts... that's why pay-plan as a company will ASK you if you WANT to look into it. Yes of course you get nothing for free in life. And yes you may have to pay £1 / £10 for a section / SAR request.... ( basically to ask the Bank etc if there IS / IS NOT PPI ). This is NOT SYC gaining from you. It is the creditors tricks to get more money for people looking into it. I suggest next time you take your time to listen to what the person has to say on the phone , because it may get you out of debt completely. It sounds SO worrying because of all the 'fake' companies popping up but i can tell you first hand as a previous employee that it is a legitimate professional company who specialize in WINNING money back for people who UNKNOWINGLY had PPI policies. Please ignore the person saying to 'steer clear' it is ENTIRELY your choice if you want to / dont want to look into it. But as i said %99.99999 people NEVER knew that they had PPI when i discussed settlement offers with them. Ranging from as little as 20p and i believe the highest i saw while working there was about £40,000 -ish. ONE thing that i WILL mention. The banks have the right to OFFSET. There are one of THREE ways the Banks/creditors can offer you money. 1. Cash. they will send you a cheque ( quids in! ) 2. Partial settlement - For instance i had a £1000 debt with a certain creditor, they offer me £1200. A percentage of this figure will be used to cancel out some of the debt and the rest will be in cash. E.g. £500 cash / And leave you £500 in arrears still. 3. The dreaded offset.... If i had a debt for £15,000 ... and i won a PPI settlement for £8,000!!!! the CREDITORS have the right to offset this figure against the arrears owed. Basically , you dont see the cash . But you're a hell of a lot better off debt wise. I hope this has helped you, if you would like me to explain any more please feel free to E-mail me.