PPI Reclaiming Discussion Part 5

Eloise32

That's interesting to know, as I had received a phonecall last week from a company called Help Your Claim, who knew about my bank loan with Lloyds TSB, and they informed me that I was entitled to £1400 plus interest of 9%, and that I would be given every penny back, even though I owe them money ....

amersall

Eloise32 wrote: »

That's interesting to know, as I had received a phonecall last week from a company called Help Your Claim, who knew about my bank loan with Lloyds TSB, and they informed me that I was entitled to £1400 plus interest of 9%, and that I would be given every penny back, even though I owe them money ....

A claims co will tell you anything to get you to go with them, they will take their % plus Vat even if Lloyds take any or all redress towards the debt that you owe them, you will be worse off at the end of a claim if you win, as, if the debt gets repaid to Lloyds, you will end up with a bill for the claims co.

If this company is stating that you will get all of any redress while you owe the bank money, they are telling lies.

Depending on what you owe Lloyds, it is up to Lloyds if the redress goes to you or not and the claims co cannot know this.

[Deleted User]

Eloise32 wrote: »

they informed me that I was entitled to £1400 plus interest of 9%, and that I would be given every penny back, even though I owe them money ....

Read this and understand that employing this Claims Company could result in you receiving nothing back from the bank and still owing the company their commission.
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#tool_outer_header

sportmonkey666

-taff wrote: »

So...was this a joint account the money was being paid out of?

Hi taff, no sadly it is my own account. It was easier for my partner to have the wages paid into mine at the time. He still does but we have never got round to putting his name on the account.

-taff

I would use it as reason why i didn't need it. Having two wages come into one account, it's another income....

24.princess

Hi- can anyone help. I'm sure I found on here a list of contact details for different credit card providers- but now I can't find it! Could anyone send a link?
Thanks

-taff

front page sticky, a to z of addresses.

24.princess

-taff wrote: »

front page sticky, a to z of addresses.

Thanks, but I still can't find it

kevfred

Barclays bank has made an offer of £139.00 this is only interest at 8% and the money I payed them, their is no compensation HELP ERGENT

Thank you -taff

with the same card company I phoned them and told them I was in financial difficulties and thay did not tell me I have ppi on the card account they have made an offer of £32.00 I have for just over 3 years I have made a payment to them and I am still in difficulties being made redundant.?????????????

-taff

Redress is the PPI paid, the associated interest [if it's a loan] or the interest on the account if it were in credit due to the extra PPI payments [if it's a credit card] plus 8% interest.

There is nothing else. The 8% IS your compensation