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claming ppi through a debt agency
klm1471
Posts: 6 Forumite
I know that I've been mis sold ppi in the past, I'm currently with a debt agency (gregory Pennington) how can I go about slamming anything owed. They deal with all my creditors. Has anyone ever calmed through a debt agency?
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Comments
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You can complain but if successful, the lender is allowed to use any redress payment to reduce/clear debts that have been written off with them, defaults and arrears. Only if there is a surplus above this would you see the money.
There is a caveat that it does depend on the relationship and contract between the lender and the debt collection agency. In some cases they may not be able to offset it.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
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