PPI claim with EchoShock

matt11r

Hi.
Has anyone had any experience with a leeds based company called Echo Shock Ltd?
They rang me and said i can claim PPI back even if over 6years ago (doesnt match what MSE said...?!?)
Not sure how they got my number but they offer to claim the PPI back along with interest at 8% per year...
No win no fee and they do all the paperwork
Is this too good to be true?

Any comment on this is welcomed.
Thx

DrSqueeze

Did they mention how much their fee would be if they do win? My guess is 25% or more.

amersall

You can do "all" the paperwork for yourself for "no win no fee":rotfl:

If you can fill a form in and walk to the post office and post it :eek:

This is all a company will do.

Look here for all the advice you need
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

If you need any help just ask.

matt11r

Thanks - 30% so the do it yourself option is intersting, but the main question i had was that my claim is over 6 years ago.
MSE says "If your account was still ACTIVE in the last six years you can claim. So a loan taken out eleven years ago, repaid in full five years ago is fine. In rare cases you can go back further."

Echo shock say 10 years is fine. so has anyone experience of Echoshock as a company or with claims over 6yeears old?
Cheers

dunstonh

Most claims companies use the same template letters you get on the web. Some send you the same PPI questionnaire to fill in that you can download yourself and send direct to provider.

Echo shock say 10 years is fine. so has anyone experience of Echoshock as a company or with claims over 6yeears old?

Firms typically start to destroy data after 6 years (where no debt exists). So, you are less likely to be get cases upheld longer than that but its still possible if you have held on to the paperwork or you get lucky and the firm hasnt destroyed the documentation.

amersall

matt11r wrote: »

Thanks - 30% so the do it yourself option is intersting, but the main question i had was that my claim is over 6 years ago.
MSE says "If your account was still ACTIVE in the last six years you can claim. So a loan taken out eleven years ago, repaid in full five years ago is fine. In rare cases you can go back further."

Echo shock say 10 years is fine. so has anyone experience of Echoshock as a company or with claims over 6yeears old?
Cheers

People have had wins from loans in the 90s on this site,just for the cost of a stamp!!.
If you have the account number and reasons for mis sell then you should put a claim in.

If you want to give upwards of 30% of a win to this company then go ahead,but banks are paying out now so this is easy money for any company.

matt11r

Thanks all. I didnt realise the 6year cut off was just a lilkely limit.
Much appreciated.