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  • FIRST POST
    • jk81
    • By jk81 5th Dec 17, 11:34 PM
    • 2Posts
    • 0Thanks
    jk81
    Commission compensation on ppi
    • #1
    • 5th Dec 17, 11:34 PM
    Commission compensation on ppi 5th Dec 17 at 11:34 PM
    Hi

    Hoping some one may be able to help please!

    My partner stupidly paid a company to reclaim PPI. He has received a letter from one creditor saying he has been awarded £1900 but they have said they cannot agree that PPI was mis-sold. He has been awarded it as they found that his PPI premium included a high level of commission. Does that mean he still has to pay the PPI company their fee- as wasn't for PPI?

    Is a long shot I know....

    Many thanks

    Jess
Page 1
    • Moneyineptitude
    • By Moneyineptitude 6th Dec 17, 12:21 AM
    • 19,530 Posts
    • 10,630 Thanks
    Moneyineptitude
    • #2
    • 6th Dec 17, 12:21 AM
    • #2
    • 6th Dec 17, 12:21 AM
    The Claim Company will demand a % cut of any redress regardless I'm afraid.

    The time to avoid any payment was before you signed a legally-binding contract with them.

    Too late now!
    • leajo
    • By leajo 9th Feb 18, 7:21 PM
    • 1 Posts
    • 0 Thanks
    leajo
    • #3
    • 9th Feb 18, 7:21 PM
    • #3
    • 9th Feb 18, 7:21 PM
    I am in the boat mine as been with ombudsman since 2013 they ruled against ppi in 2016 but went for commission now ppi company want a share my contract says it will claim for missing sold ppi and any other irregularities but they didn't find any the plevin case found them need advice
    • zx81
    • By zx81 9th Feb 18, 7:33 PM
    • 15,558 Posts
    • 16,517 Thanks
    zx81
    • #4
    • 9th Feb 18, 7:33 PM
    • #4
    • 9th Feb 18, 7:33 PM
    Make sure you pay them before they send round the debt collectors
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