Jump to content


Please note that this topic has not had any new posts for the last 2318 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

Hi, being new to the forum I hope I am not opening a thread that has been dealt with before.

 

Anyway, I used a PPI claims company to submit a claim to Lloyds on my behalf for PPI repayment. they were very good and managed to secure a total of over £8000 including interest. Under their terms of business, I was to pay them a no win no fee, fee of 12.5% of monies reclaimed plus VAt. I have no problem with that and agree I signed a contract to this effect and am happy to pay them. However, they have charged me a fee on the simple interest paid by Lloyds, as required by the FSO, on the monies reclaimed. My contention is that the monies the company obtained for me do not included the interest as that is interest on the monies they obtained and not actual monies obtained. Does this make sense? am I barking up the wrong tree? i just don;t see how interest can be classed as monies obtained when it the bank was legally obliged to pay it.

Link to post
Share on other sites

ppi claims companies will shaft you every which way, end off. that's why every post in here advises against using them. you cant team up with a shark and then complain when you get bit. sorry

Link to post
Share on other sites

CMCs will charge their fee on the total amount that they recover for you, including the simple interest.

 

Absolutely no point in using them but too late now.

If I have helped you please leave me a message by clicking my star

 

1. Single Premium PPI Q&A Read Here

2. Reclaim mis-sold PPI

Read Here

3. Reclaim Loan & Credit Card Charges Read Here

4. The CAG Interest Tutorial

Read Here

5. Feel Bullied by Creditors or Debt Collectors?

Read Here

6. Staying Calm About Debt

Read Here

7. Thinking of a Full & Final Settlement?

Read Here

 

How To Upload Documents To Cag

Instructions

 

I DON'T GIVE ADVICE BY PM BUT IF YOU SEND ME A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER HELP THERE

 

 

 

Private message facilities are offered for users to communicate issues that are perhaps inappropriate for posting on the main forum. Site rules explain this in more detail.

 

If you receive a private message which you consider abusive, derogatory or otherwise inappropriate, whether it be about yourself or other members, please report it using the "report" icon

 

If you are approached (or have been approached) by private message with an offer of help "Off Forum" or with a view to asking you to visit another website, please inform the site team via the report icon, especially if this results in a request for a fee. Remember, this is for your own protection

my views are my own and are given in good faith to try and help people. Please seek professional advice on your case if necessary

 

PLEASE HELP US TO KEEP THIS SITE RUNNING

EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

Link to post
Share on other sites

very helpful t18con! Thought this was a forum for consumers. I have not made one complaint in my post. It is a query. For the record, they have not 'shafted' me. they were very professional and helpful. It is the concept of what has been obtained that is in point. any helpful replies would be greatly appreciated.

Link to post
Share on other sites
very helpful t18con! Thought this was a forum for consumers. I have not made one complaint in my post. It is a query. For the record, they have not 'shafted' me. they were very professional and helpful. It is the concept of what has been obtained that is in point. any helpful replies would be greatly appreciated.

 

I refer you to post #3 above, specifically...

 

CMCs will charge their fee on the total amount that they recover for you, including the simple interest.

If I have helped you please leave me a message by clicking my star

 

1. Single Premium PPI Q&A Read Here

2. Reclaim mis-sold PPI

Read Here

3. Reclaim Loan & Credit Card Charges Read Here

4. The CAG Interest Tutorial

Read Here

5. Feel Bullied by Creditors or Debt Collectors?

Read Here

6. Staying Calm About Debt

Read Here

7. Thinking of a Full & Final Settlement?

Read Here

 

How To Upload Documents To Cag

Instructions

 

I DON'T GIVE ADVICE BY PM BUT IF YOU SEND ME A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER HELP THERE

 

 

 

Private message facilities are offered for users to communicate issues that are perhaps inappropriate for posting on the main forum. Site rules explain this in more detail.

 

If you receive a private message which you consider abusive, derogatory or otherwise inappropriate, whether it be about yourself or other members, please report it using the "report" icon

 

If you are approached (or have been approached) by private message with an offer of help "Off Forum" or with a view to asking you to visit another website, please inform the site team via the report icon, especially if this results in a request for a fee. Remember, this is for your own protection

my views are my own and are given in good faith to try and help people. Please seek professional advice on your case if necessary

 

PLEASE HELP US TO KEEP THIS SITE RUNNING

EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

Link to post
Share on other sites
  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...