Whats the deal on consumer recovery specialists?

nickmack

Most of the claims made personally are paid in full. There's really no reason to use any firm in the majority of cases.

achtunglady

Des_Titute wrote:

Has anyone used one? If so, how did you get on?

It seems to me (reading this board) that most of the claims made personally, are not fully repaid, never mind with interest. If these firms can get the whole amount (keeping the interest as their payment) surely it would be worthwhile to use them?

Or am I missing something?

Most of the claims are not fully repaid because the bank account holder has decided to accept what the bank is offering them. I was offered £200 less than what i was after, i decided that i would take it because i could have the money in the account in 7 days after accepting or i could reject the offer, have the hassle of going to court and waiting a further 28 days. It all depends on peoples circumstances. My hubby is taking them to court for all that they owe him plus an extra £462 in interest, all in total just under
£3k, he's doing for the principal and because hes fed up of being ripped off and not being able to do anything about most rip offs (eg high tax on petrol, ciggies, etc) so now he has the opportunity of getting his own back from being ripped off hes grasping it with both hands and feet. The banks are relying on people to back down and say "ah its not worth it" or " its too complicated" or "i can't be bothered".
If i can do it, then anyone can, and ive no fancy university education,just takes a bit of common sense (why do they call it common sense if its not that common) and a few hours of your time. If someone was to offer you £3k for 4 hours work, looking through paperwork and writing letters, wouldnt you take it????

The other point no one has raised is that theres a big hoohar about confidentiality with bank accounts, by getting a company in, they have access to your name, address, bank account details and will no doubt have your signature signing to say they have your permission to act on their behalf, I know who i would rather trust with my details and thats ME!
Whats to say that a few months down the line people who use these companies arent victims of identity fraud?? Just something to mull over, is it worth the risk of that happening because you can't/won't do it yourself?

michael1983l

Im after a little advice on the no win no fee companies. I have found one called Robertson Holbrook and was wondering if anybody has dealt with these as I checked out their details and their website was only registered on 06 october 06 as an individual registrant and not a company registrant. Their forms seem very basic with no terms and conditions and do ask for account numbers for credit cards which with mine is the number on the card, so I am quite rightly so worried about fraud.

I read that it was unwise to go with these companies rather than pursue it yourself, but since the age of 18 I have gone from no debt to peaking at 28 K of debt and now lying at 21k of debt in 5 and a half years with no mortgage. There has been numerous companies I have delt with and they all owe me money if this is true, the worst thing being it was the charges that made my debt spiral in the first place although obviously I should have been more self disciplined but I have since learnt my lesson as shown by my debt now steadily decreasing. I guestimate I am owed something between £3k and £6.5k but as I burnt my shamefull bank statments im not sure until I get my hands on the paperwork again.

So basically has anybody been with Robertson Holbrook and been satisfied with them, just for my piece of mind really. Any help is much appreciated.

nickmack

michael1983l, there really isn't a need to use these companies.

You will only end up paying for something you can do yourself.

Follow the instructions carefully and ask any questions you have.

michael1983l

Just spoken to robertson holbrook on a landline phone and found out the following information for verification purposes

Their directors are John Tomkinson and Paul Thomas

They are data controller registered


Also the only money they make is that they claim the interest, they also claim thir own amount from the bank if it goes to court. And they do all the paperwork for you, and claim it usually takes between 90 and 120 days for payment.

As I cannot loose out on anything here I figure its better for me to go with a company with experiance in the matter. As far as fraud goes there is a small risk that my data could be stolen but I figure there isnt much they can do with mine as I cant get credit anywhere anyway. Hope this helps people

nickmack

michael1983l wrote:

As I cannot loose out on anything here I figure its better for me to go with a company with experiance in the matter. As far as fraud goes there is a small risk that my data could be stolen but I figure there isnt much they can do with mine as I cant get credit anywhere anyway.

At the end of the day, it's your decision, but my position is that you are losing out by using this company. You don't have to have a law degree to do this. Just be able to follow instructions carefully and then come back here with any queries.

Believe me if the banks want to give your claim a hard time, a no win, no fee solicitor isn't going to do much to stop them.

michael1983l

nickmack wrote:

At the end of the day, it's your decision, but my position is that you are losing out by using this company. You don't have to have a law degree to do this. Just be able to follow instructions carefully and then come back here with any queries.

Believe me if the banks want to give your claim a hard time, a no win, no fee solicitor isn't going to do much to stop them.

I see your point and thanks for the advice, but looking through the success stories you rarely see a case where they get their full amount of claim plus interest. This is what this no win no fee company gets you so im quite happy to let them take the interest as all I have to do is sign two pieces of paperwork and they do the rest. No Stress for me. I am taking Capital One, Barclays and Halifax through this method.

However Im taking Egg on my own as I dont want to let it get to the stage where they close my accounts as part of the deal as I owe them 9k in a loan. Im quite willing to take part payment just from threatening letters from these guys as not to risk the loan account.

nickmack

michael1983l wrote:

I see your point and thanks for the advice, but looking through the success stories you rarely see a case where they get their full amount of claim plus interest. This is what this no win no fee company gets you so im quite happy to let them take the interest as all I have to do is sign two pieces of paperwork and they do the rest. No Stress for me. I am taking Capital One, Barclays and Halifax through this method.

This has been explained by achtunglady in this thread. The vast majority of people who have pushed for the full amount have got it. Those who haven't, accepted a lower amount because that's what they were happy with. Good Luck with however you decide to proceed.

Red_Panda_2

I got the full amount from my bank, its just a case of hanging tight and not accepting the first offer - if the bank is going to be difficult or not pay out really there is nothing these companies can do that you cant. They do not hold any more power to do things than we do.
Also 90-120 days seems a long time, mine took about 3 weeks.

Rex_Mundi

michael1983l wrote:

I see your point and thanks for the advice, but looking through the success stories you rarely see a case where they get their full amount of claim plus interest.

Quite the opposite in fact. Both here, and at consumeractiongroup, the vast majority of people are settling for the full amount they ask for including the interest and court fees if it gets that far.

If the bank settles before the court stage. You are not entitled to any interest, and the bank doesn't have to pay any.