PPI Reclaiming Discussion part 4

BIKERCHIC

Incipience wrote: »

Dont threaten court unless you are willing to do it.

You have to be seen as being fair, simply write back to them and explain how long they have taken and request that they respond within Seven days, or that they issue you a final response to allow for legal proceedings to commence.

Dont say give me it or am gonna sue your !!! :-P

Just thinking if I write to them giving Seven days or for them to give me a final response to allow for legal proceedings to commence, isnt it just the same as threatning court??

dreamer33

BIKERCHIC wrote: »

Just thinking if I write to them giving Seven days or for them to give me a final response to allow for legal proceedings to commence, isnt it just the same as threatning court??

Not really you could take this to a solicitor instead of court.

marshallka

From Martins webpage on PPI reclaiming about all that cannot claim through the FOS - he mentions a couple of companies here.

Claims handling companies

There are a number of companies who now offer PPI reclaiming services. Many have just jumped on the bandwagon of the work done by reclaimers and they should be avoided... they take a chunk of the proceeds when this is usually something relatively easy to do using the free letters.

Yet at this stage things are much more complex, and much more work is needed, so bringing in a paid body can be useful. Most of them offer 'no win no fee' deals, and will take a cut of any successful claim. While I'm no fan of these companies often some of the more reputable ones e.g. Conkers and LoanCheck (the latter only for certain types of loan) get results when going it alone would be a hassle.

If you're picking a company, check out its reputation. NEVER pay them a penny, and try not to agree to one which will take any more than 25% of your compensation. Try asking how long it has been handling PPI claims and 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.

Get a lawyer

The alternative is to find yourself a local lawyer willing to take the case on, or a no-win no-fee legal firm (some claims handlers link with/use them). After all from this point on it's likely to get litigious so a lawyer should help. In fact a legal letter may make a company with a flimsy argument settle quite easily.

Yet if you are going to hire a lawyer, ensure you discuss the fees beforehand and compare it to the maximum you can reclaim.

Incipience

Marsh, you should be aware that some solicitors refer complaints out to Claims Companies (i hate that word as they are not all claims companies)

Anyway, the Companies Do all the Donkey Work and when and if it goes to settlement or court the lawyers step in.. You see its all about risk, Solicitors let the companies do the risk assesments and look at the merits of the case, if the case is strong then the solicitors will take out what is known as after the event insurance, so win or lose they get there money back and they can also claim litigant costs which they would pay in part to the claims company.

A very complicated industry, however it really is the only way to deal with such numbers that are being pursued at the moment.

taylor72

Hi there - found out a few weeks ago that hubbys claim for PPI is with the adjuticator. He is going to call after 4.00 to speak to hubby and I presume that is to get more information or clarification. Does anyone have any idea how long it takes for the adjudicator to make their decision - I was told by FOS today that if they rule in our favour the banks are bound by that decision - does this mean they will have already appealed against a decision before?

Lastly - if it is with the adjudicator does that mean we have a valid case?

Thanks for any help and thanks for all the people who have helped us get this far and fingers crossed lol

pinknico

In my view taylor72 it goes to an adjudicator who decides ,then if the company disagree it goes to the Ombudsman whos decision is final.
I am afraid you wont know you have a valid case til the adjudicator decides.

taylor72

Thanks for swft reply - so the adjudicator decides whether he agrees with our complaint or not - I get it now. Any idea how long this more informal part takes - Lloyd seem to be digging their heels in on this

dreamer33

taylor72 wrote: »

Thanks for swft reply - so the adjudicator decides whether he agrees with our complaint or not - I get it now. Any idea how long this more informal part takes - Lloyd seem to be digging their heels in on this

I'm not too sure how long got no complaints with FOS myself, but there are others on here who may be able to confirm this.

Lloyds probably don't want to pay out either.

Hope its soon for you:D good luck

maxdp

Hi
About a year unless you get fast tracked for financial hardship.
Good Luck

lisaloo1977

Hi,

We put in a claim not last december but the december before. It went to the adjudicator last january, and they have just sent a letter to say they decided in favour of us but hsbc have objected. It is now going to the Ombudsman to make a final decision, does anyone know how long that may take? This has been going on forever it seems.

Thanks in advance