PPI offer now have a problem

[whatamess]

Hi all

 

I think i have made one big boobie. Before i relised it wasnt that difficult to claim PPI myself I went to a company to claime my first one.

(the rest i am doing myself)

 

I have just got a letter this morning from the company to say that the lender has made an offer.

 

I have not worked out if it is enough yet, but notice they wrote that the amount would clear any amount i still need to pay back, which i completly understand.

 

My problem is I now owe the company money and im not going to see any of the compensation.

 

I feel like im now going to be out of pocket and i dont have the money they are asking.

 

The only reason i used them is because if i won i could pay them out of my compensation and now thats not the case.

 

They have told me i can go on a monthy plan to pay them but i dont want to now be in debt the them i have enough of that already.

 

Im thinking of declining to offer because by the time i pay the amount off my loan and pay the company who represtented me, thier money I will have payed £700 of my loan and still in debt with the other company.

 

Why am i sooo stupid i should have known better but at the time i just didnt think.

 

Any advice for me?

Thanks

[ims21]

If this is on a loan then they can only set off against notified arrears.

[whatamess]

I got into financial trouble a few years back so i am on a payment plan with the loan company. So i am thinking they will take it to pay off some of what i owe?

[dx100uk]

unless they have been sending or have sent a letter called:

 

notice of sums in arrears

 

on a regular 6mts basis

 

they cannot offset!!

 

dx

[whatamess]

I have looked through my letters and had one of them back in March but dont recall getting them as often as every 6 months.

 

I cant bare the thought of owing a claims compay now. Im trying to get out of debt and feel so stupid that i could have put myself into debt with this company.

[whatamess]

Hi

 

This one was another success sort off. I got paid out £1175 from Santander but the amount has been paid towards my outstanding loan. I have been left with a £400 bill from the claims company, but luckily i had success from first plus so i am able to pay it.

 

Just a note for anyone claiming through a management company.... DONT DO IT. It is so easy to do it yourself and if you still owe on the loan and are in arrers they will offset any thing you claim.