Ppi wasn't handled correctly
SnofieSno
Posts: 8 Forumite
Hello,
I had asked a ppi reclaims company to help me obtain any ppi outstanding to me... after many months of me chasing my case with them and no answer I decided to write to the bank directly and apply for ppi owed to me. I filled out all the necessary paperwork and within a few weeks received my owings.
When the ppi company found out I had been paid they asked for their share of the cost... even though I ended up doing the work.
I have not paid them because of this however they are harassing me for payment and charging interest.... this has been continuing since around 2013-2014.
I have told them to take me to court however after a few months they just call me again.
Where do I stand with this?
Thank you
I had asked a ppi reclaims company to help me obtain any ppi outstanding to me... after many months of me chasing my case with them and no answer I decided to write to the bank directly and apply for ppi owed to me. I filled out all the necessary paperwork and within a few weeks received my owings.
When the ppi company found out I had been paid they asked for their share of the cost... even though I ended up doing the work.
I have not paid them because of this however they are harassing me for payment and charging interest.... this has been continuing since around 2013-2014.
I have told them to take me to court however after a few months they just call me again.
Where do I stand with this?
Thank you
0
Comments
-
I have told them to take me to court however after a few months they just call me again.
Where do I stand with this?
I'm actually very surprised this has gone on for so long. Normally the CMC would have already set debt collectors on you long before now. Ultimately, you risk ending up in court with a trashed credit record and a CCJ.0 -
I understand your points- but they didn't complete what I had asked them to do.
I have sent them letters proving this (from the bank) maybe this is why they have waited so long?0 -
but they didn't complete what I had asked them to do
You didn't do this and no amount of "evidence" from a third party (the bank) will absolve you from this.
Remember , you have a legally binding contract. It's not something you can just unilaterally declare void.0 -
I see. I think I did make phone calls at the time to cancel the contract- but did not formally send them a cancellation letter... by what I remember.
How long can they wait before they take me to court?0 -
-
Thank you for replying. I haven't been in any situations like this before. So it may not even come to court? Debt collection can take over and collect a debt ?0
-
Thank you for replying. I haven't been in any situations like this before. So it may not even come to court? Debt collection can take over and collect a debt ?
Is it really worth holding out against? You agreed to pay a proportion of any PPI redress. Regardless of their alleged tardiness, the Claims Company have done nothing wrong and their defence would likely be that they had already started the complaint process when you wrote direct to the Bank.
I'm no fan of Claims Companies, but in this instance they would appear to have a legitimate case. You are totally at fault for not adhering to the cancellation procedure...0 -
I really wish this hadn't happened. The amount they are asking is very high now I would imagine as they have been charging interest.... over 4 years I should imagine it will be a hefty amount0
-
The amount they are asking is very high now I would imagine as they have been charging interest.... over 4 years I should imagine it will be a hefty amount
Have you considered offering them the original fee to make them go away?
You could also make a formal complaint to them that they failed to stick to their side of the contract and that's it's unfair for them to be adding interest to the debt. If this results in a deadlock you can then refer your complaint to the Legal Ombudsman who can mediate a fair conclusion to the matter.
Read here;
http://forums.moneysavingexpert.com/showthread.php?t=52539550 -
The last letter I had was something like X amount plus 8% per day it's is unpaid.
I thought to be honest they were just trying to scam/bully me.
Worst case I guess is I would pay the original amount but I could defiantly not afford the crazy interest rates0
This discussion has been closed.
Categories
- All Categories
- 342.2K Banking & Borrowing
- 249.8K Reduce Debt & Boost Income
- 449.3K Spending & Discounts
- 234.4K Work, Benefits & Business
- 606.7K Mortgages, Homes & Bills
- 172.7K Life & Family
- 247.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.8K Discuss & Feedback
- 15.1K Coronavirus Support Boards