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Recaliming PPI and 25% of total loan????


Guest Alison82
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Guest Alison82

Hi my partner just received a call from a company reclaiming PPI, I said we could sort it out ourselves but they did make an interesting statement, they said that if he has been mis-sold PPI they can get back 25% of the total of the loan? Is this true and how is it possible?

 

The company was first claims direct

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Hi Alison

 

I would not get involved with a company like that. You pay them a fee, or they take 30 -40% of your refund, if they get that far. Some companies dump you when the other side defend in court, and you are left on your own. You can do this yourself if you think you have a case.

 

Have a read through the forum first before jumping into claiming back your PPI. This link has all of the information you need to get started:

 

http://www.consumeractiongroup.co.uk/forum/payment-protection-insurance-ppi/61081-ppi-some-notes-claimants.html

 

and

 

http://www.consumeractiongroup.co.uk/forum/payment-protection-insurance-ppi/204771-all-new-posters-important.html

WARNING TO ALL

Please be aware of acting on advice given by PM .Anyone can make mistakes and if advice is given on the main forum people can see it to correct it ,if given privately then no one can see it to correct it. Please also be aware of giving your personal details to strangers

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Guest Alison82

Yes thats fine, we would do it our selves, I'm very used to the court system now, but I was wondering if what they were sayiing was true; that you could get back 25% of the loan; if so on what grounds???

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they prob just mean that the ppi reclaim 'typically' equals 25% of most loans.

 

do it you self great advice above

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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