PPI Charges - Claims Advisory Group

JCLFC_2

Hi all,

Apologies for the open question but there are so many threads, have gone through a good 10pages and not found a similar question - so thought would ask one of the experts here.

Anyhows, I have had the Claim Advisory Group on to me offering to do a no win no fee service in respects to an old loan I had (& paid in full) with my current bank.
I have a good relationship with my bank being Nationwide. However in a former life I had a bad relationship with Lloyds and am dealing with Payplan with them.

So, I wonder if I should allow the group to deal with the loan, dated Dec 2002. ( I'm aware they take a percentage, which is fair enough for providing the service). So I wonder if they are Ok, or just dodgy. As I dont really want to speak to the bank, however dont really want to rock the boat.

On a seperate note, in respects to Lloyds TSB (& RBS) who I am paying off with Payplan. Would it be worth chasing them, or more appropriately asking Payplan to chase them in respects to PPI - even if they take anything off what I owe?
Again as I have some sort of amicable agreement I am weary about rocking a boat as in the past it got a tad nasty.

Apologies if too vague, or really obvious - I dont have much of a clue about all this and was advised people may know here.
Any help greatly appreciated.

maxdp

I would keep away from CAG. If you think you have been mis sold PPI then go about re claiming this yourself. Banks have a policy of dealing with customers fairly so you should not rock the boat. You would be one of many that reclaim.

I would not trust any claims companies. If is so easy to do yourself and there are plenty of peopleon here that can guide you.

Look at this link for more on CAG
https://forums.moneysavingexpert.com/discussion/2238539

di3004

JCLFC wrote: »

Hi all,

Apologies for the open question but there are so many threads, have gone through a good 10pages and not found a similar question - so thought would ask one of the experts here.

Anyhows, I have had the Claim Advisory Group on to me offering to do a no win no fee service in respects to an old loan I had (& paid in full) with my current bank.
I have a good relationship with my bank being Nationwide. However in a former life I had a bad relationship with Lloyds and am dealing with Payplan with them.

So, I wonder if I should allow the group to deal with the loan, dated Dec 2002. ( I'm aware they take a percentage, which is fair enough for providing the service). So I wonder if they are Ok, or just dodgy. As I dont really want to speak to the bank, however dont really want to rock the boat.

On a seperate note, in respects to Lloyds TSB (& RBS) who I am paying off with Payplan. Would it be worth chasing them, or more appropriately asking Payplan to chase them in respects to PPI - even if they take anything off what I owe?
Again as I have some sort of amicable agreement I am weary about rocking a boat as in the past it got a tad nasty.

Apologies if too vague, or really obvious - I dont have much of a clue about all this and was advised people may know here.
Any help greatly appreciated.

Hi there

Personally I would give it a go yourself.

Yes there are loads of threads LOL, but also quite a few on here as well about people having problems with claims companies.

I believe if you have an ongoing payment arrangement with payplan, it may also be a case that any refund maybe paid directly to that, but it depends on how payplan works.
On the other hand, if you are successful, you should also be refunded interest, and 8% interest of what a court would award for being deprived of your money, where-as this I believe would be refunded directly to you.

So the only thing is by using the claims company and if the above applies, you may not be left with any refund for yourself, although it should reduce any arrears etc.

Maybe others on here will have more of an idea on how this works, but personally I would give it a go yourself, with help from this site.

All it is:
You complete the FOS questionnaire - they recently issued these for customers to complete and send to whom is responsible to setting up the loan/ppi, this is instead of template reclaiming letters.
Keep copies as well, in case you need to refer to this later on.

They have 8 weeks in full to respond, and post at your local post office (recorde deliver - for your proof of posting).

I am not sure if Payplan will do this for you, you could ask if you want to.

The FOS questionnaire - you will find this further down the page as Stage one of reclaiming:
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

Hope this helps.:)

Ask for further help if required and good luck.

tomjackie2006

I wish I never dealt with these people,as I was not very happy with the fees that they are going to take from me after winning my ppi claim!
The their fees are standing at 39% which is too much! i traced one company whom only charged 20% so be careful as they do charge you high fees.
There is also one more thing,I had only give them one account too and they collected all the other account nos I had,which I personally thought was a bit cheeky.
I had originally gave a company before these people and claims advisory beleive it or not dealt with everything with results in less than two months and the other claims company started in 2009!
WHAT DO YER THINK OF THAT????? OUTRAGOUS I THINK!