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PPI payout direct from Bank. Do I need to pay a percentage??


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I had a loan with Lloyds bank with PPI. As I fit most of the criteria to claim I did so direct to Lloyds using a pro forms from a money website.

Lloyds said I had been correctly sold it and bounced my claim.

I went to. PPI company and re submitted through them. Today I found Lloyds had settled direct into my account. I rang the PPI company and they knew nothing about it. But they then phoned me and asked for 40%.

Is this normal?

I thought the money would go to the company, they would deduct their fee and send me the rest.

Lloyds stated they settled despite the PPI company intervening.

Should I send a cheque to the PPI company????

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Hello, I have moved you to the Payment Protection Insurance forums and will alert the PPI guys.

 

Ouch.. 40% is extremely high.. Do nothing until ims21 or dx100uk look in on you, which they will do some time later today.

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say to them the payment was as a result of YOUR complaint that lloyds has now

decided was correct

nothing to do with their claim.

 

tell them the lloyds ref number for the PPI complaint is your old one

not their one.

 

dx

  • Haha 1

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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