Loancheck/Watsons Solicitors

maxdp

marshallka wrote: »

So if cases are being transferred then does this mean a very good chance of success or the opposite? Cannot make it out yet!! Surely Watsons would not transfer and waste another solicitors time if they thought they were not going to win but then again are they passing the buck? Also surely by passing this on without first asking if the client wanted it passing on (in writing that is) is not right or are they allowed to do this?

Who knows Marshallka I hope for people who have been posting on here that it is good. I think Watsons just got bogged down and perhaps greedy who knows. I wonder who actually "owns" these cases, the Solicitors? I presume they have paid loancheck for auditing. But I also know that they do several audits whether that is through Loancheck or internal auditing I do not know. I suppose every stage needs auditing becausse they have to asess the risks of win/lose.

They surely should not just pass them on as we have a Contract with the designated Solicitor and as such unless discussions are made how come they can just break the contract and pass it on. If they do this with me I shall contest it. Hopefully they are also passing it between Solicitors and not through Black Knight. When I rang them the other day they appeared to look the info up on a database so hopefully our paperwork is safe Marshallka.

Soz did not see Thomas had replied.

marshallka

THOMAS123 wrote: »

They are allowed to do this if they have not got the resources to deal with the cases

However, the client has to agree with the new solicitor that they want them to do the work

And obviously Dixy wants this cause they stated

Quote

So he was offloading all his financial claims to another firm. Black Knight sent me a letter about a week ago confirming this and said the new firm will contact me shortly. I really hope they do,

I just hope that the contract is the same type with no further risk whatsoever to the client and that there is no charge from the first/ other solicitor also.

Natalie6999

petermb wrote: »

I will explain the bribery thing as simply as I can. I am not talking about all loans or the majority of loans. I am talking specifically where brokers are concerned and where PPI has been added to the loan amount.

Both the broker and the lender will receive commission when arranging the loan and the ppi. If you went straight to your bank and the bank added PPI then the bank will receive and income or derive an income for arranging the insurance.

If the bank derives an income from arranging the insurance they were using your money to purchase the policy.

Dont forget that they must have already lent it to you to be able to use it to buy the insurance. So if they are using your money they have a fiduciary duty to provide the best product at the best price and must disclose exactly how much they earned from doing so.

If you revert to Hurstanger v Wilson of 2007 it clearly states that a secret commission is deemed by the courts as bribery and in such an instance it is the lender who has received a bribe.

So this applies predominantly to PPI. And as this is the PPI thread, why I made the statement on here.

It is not about getting out of payments, simply seeking justice.[/QUOTE

The majority of people on here are probably well aware that when they get a loan through a broker the broker gets paid a commission, well let's face it they don't do it for fun do they.

All everyone wants is to be able to claim their PPI back, they know that along the way there are charges for all the services involved in getting & setting up a loan.

It's time all these Claims Management Companies stopped trying to blind us with science & a smokescreen of we can get you more back & started to be honest with their clients & not rip them off as they are doing now.

Just about all PPI claims can be done yourself, I sorted mine when you told me that I would never do it without a solicitor just by having patience & persistance, just think if I had listened to you I could be in the same situation as all these other victims of so called ethical claims management.

I would say to anyone who is considering using one of these companies - Don't bother, use the resources on here & other websites & do it yourself, there is enough help & information to cover just about any situation, FOS will also help without you having to turn your case over to them.

maxdp

And it will cost you no more that 10.00 for a SAR and postage.

marshallka

Don't know if this would help any of you on complaints handling for solicitors

http://www.sra.org.uk/rule2/#r2-05

It mentions

• ) Insufficient resources
  
  Before taking on a new matter, you must consider whether your firm has the resources – including knowledge, qualifications, expertise, time, sufficient support staff and, where appropriate, access to external expertise such as agents and counsel – to provide the support required to represent the client properly. The obligation is a continuing one, and you must ensure that an appropriate or agreed level of service can be delivered even if circumstances change.

marshallka

Just a point here. Watsons did not have lexcel accreditation and IF anyone does look to try another solicitor may be a good idea to look for one that does.
http://www.lawsociety.org.uk/choosingandusing/findasolicitor/view=lexceldetails.law

http://www.lawsociety.org.uk/choosingandusing/findasolicitor.law

sharpdeath

Natalie6999 wrote: »

use the resources on here & other websites & do it yourself, there is enough help & information to cover just about any situation, FOS will also help without you having to turn your case over to them.

Absolutely. I did it all myself, without a clue, but had all the free help to hand and have successfully claimed back my PPI against Tesco within a few months. :j

petermb_2

Natalie6999 wrote: »

petermb wrote: »

I will explain the bribery thing as simply as I can. I am not talking about all loans or the majority of loans. I am talking specifically where brokers are concerned and where PPI has been added to the loan amount.

Both the broker and the lender will receive commission when arranging the loan and the ppi. If you went straight to your bank and the bank added PPI then the bank will receive and income or derive an income for arranging the insurance.

If the bank derives an income from arranging the insurance they were using your money to purchase the policy.

Dont forget that they must have already lent it to you to be able to use it to buy the insurance. So if they are using your money they have a fiduciary duty to provide the best product at the best price and must disclose exactly how much they earned from doing so.

If you revert to Hurstanger v Wilson of 2007 it clearly states that a secret commission is deemed by the courts as bribery and in such an instance it is the lender who has received a bribe.

So this applies predominantly to PPI. And as this is the PPI thread, why I made the statement on here.

It is not about getting out of payments, simply seeking justice.[/QUOTE

The majority of people on here are probably well aware that when they get a loan through a broker the broker gets paid a commission, well let's face it they don't do it for fun do they.

All everyone wants is to be able to claim their PPI back, they know that along the way there are charges for all the services involved in getting & setting up a loan.

It's time all these Claims Management Companies stopped trying to blind us with science & a smokescreen of we can get you more back & started to be honest with their clients & not rip them off as they are doing now.

Just about all PPI claims can be done yourself, I sorted mine when you told me that I would never do it without a solicitor just by having patience & persistance, just think if I had listened to you I could be in the same situation as all these other victims of so called ethical claims management.

I would say to anyone who is considering using one of these companies - Don't bother, use the resources on here & other websites & do it yourself, there is enough help & information to cover just about any situation, FOS will also help without you having to turn your case over to them.

If you are happy reclaiming just the ppi then yes it is very easy to do it all yourself. You do not need anyone else to assist. I agree.

Natalie6999

petermb wrote: »

Natalie6999 wrote: »

If you are happy reclaiming just the ppi then yes it is very easy to do it all yourself. You do not need anyone else to assist. I agree.

Then why do you frighten clients in to using your services when they don't need to, like I said the loan brokers don't do it for fun & I am pretty sure that you don't either.

From what I have seen there are probably more backhanders & secret payments involved in claims management than in loanbrokers.

Maybe someone should start a service to reclaim all the money taken in commissions by claims management & their solicitors.

petermb_2

Natalie6999 wrote: »

petermb wrote: »

Then why do you frighten clients in to using your services when they don't need to, like I said the loan brokers don't do it for fun & I am pretty sure that you don't either.

From what I have seen there are probably more backhanders & secret payments involved in claims management than in loanbrokers.

Maybe someone should start a service to reclaim all the money taken in commissions by claims management & their solicitors.

Frighten people into using my services?????

I am too polite madam to comment on your statement but it certainly reads like defamation of character to me.