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Can I claim PPI whilst in a DMP
jimmyx147
Posts: 9 Forumite
Hi,
Apologies if this has been covered elsewhere.
I am considering claiming back payment protection on a Egg Loan. The issue is that I have a Debt Management Plan with my creditors.
Can I still go ahead and re-claim.
Many thanks in advance
Jimmy
Apologies if this has been covered elsewhere.
I am considering claiming back payment protection on a Egg Loan. The issue is that I have a Debt Management Plan with my creditors.
Can I still go ahead and re-claim.
Many thanks in advance
Jimmy
0
Comments
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You can put a complaint in. If successful though, the funds can be paid to any debt written off first. Then to any arrears.
It is important that if you do it, that you dont use a claims company.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
dunstonh has a good point - please don't use a claims company because they will charge you if you win even if your refund has gone to pay off any arrears.
Good luck Jimmy xMy LBM - December 2010!
Q.Q: £726; Payday Exp: £650; WDA: £375; L.S: £779; PDP: £649; 24/7 Money: £130
Provident: £1,700
Black Horse: £3,471
TOTAL: £8,480 :eek:0 -
Hi there
As dunstonh says, do not bother with using claims companies, they will charge and yet if you have a go yourself, they only do the same as what this site does, this way its free, and any refund will be awarded towards the debt, "anything" remaining plus interest is normally awarded directly to you.
Just follow the procedures below, send the reclaim questionnaire or write a letter in your own words, to whoever set up and sold the policy....
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#reclaim
Ask for any help if required, good luck.The one and only "Dizzy Di"
0 -
Many thanks for the replies.
My DMP is arranged by the CCCS so won't be bothering them with this.
It was my intention to do have a go myself.
Will give it a go!
Jimmy0 -
Hi there, the cccs are not a claims management co, they just arrange your dmp.(if i am wrong, someone please feel free to contradict) You will have to be honest and tell them you are claiming this back as you owe creditors and these things have a nasy habit of coming back to bite you!. Di and dunston meant dont use a claims company that will charge you 25% plus vat, as you will end up owing them after you win.Many thanks for the replies.
My DMP is arranged by the CCCS so won't be bothering them with this.
It was my intention to do have a go myself.
Will give it a go!
Jimmy0
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