reclaiming loan and creditcard charges

Micky_d

afternoon all, I'm a bit of a novice at this but here goes.

I have met with a company who say that they could claim thousands back on credit card and loan charges going back to 1990 onward. They say that once agreed by their underwriters I can proceed with individual claims against these companies BUT!! I have to pay £175:mad: up front fee for credit cards and £495:mad: fee for un-secured loan claims and once the money has been claimed from the companies in question I also have to pay 30% of all claim money.

Is this the norn to charge such large up front fees or does anyone know of any other companies who have a different system

Thanks in advance

Micky d

Orford

Martin Lewis's advice regarding claims management companies :

A number of law firms, and claims handlers, offer to claim back your charges for you. In general, I wouldn’t bother; simply do it yourself and don't bother using a law firm. However, if your case is more complex and/or you simply wouldn’t do it yourself, then bringing in a law firm is a reasonable last resort.
If you are going to use a lawyer make sure you fully understand the charging structure. You should NEVER PAY ANYTHING UPFRONT OR IF YOU LOSE. If the company is not open and up front about its fees (usually around 25% of what you get back) look elsewhere. You could also ask for references from other satisfied customers, which it should be happy to do if kosher.
All claims companies must be regulated for claims management activities and will have a reference to check (e.g. CRM1234) on the Ministry of Justice database. Avoid anyone not on this list.

Nuff said as regards Cartel Review!

Micky_d

thanks for the advice. I will check this company out first

Micky d

mo1_2

do it yourself for free,its a simple enough process