Ex's claim

Caroline_a

Here's an interesting one for you all. My ex (we split up about 7 years ago) has put in a claim for PPI from a loan he took out in joint names secured by the house. It's being handled by one of those companies that does it for you, and they are now wanting signatures on the forms of authority. Now... this is the first I've heard of it, and he is saying 'I thought it would be a nice surprise for you'... yeah right!

I spoke to the company handling it, didn't get much info to be honest, but they seemed to think that he would be the one deciding who the cheque (if it's successful) goes to - which I'm fairly sure wouldn't be me!!

Any suggestions, people?

amersall

When the bank pay the redress they will issue a cheque in joint names the company may send the cheque to ex but as it is joint he will not be able to cash this unless it goes into a joint account, the company on the other hand may cash the cheque( if it is not in joint names) and take their fee out of it.
If I were you, before you sign the forms you need it in writing that you will get 50% of the redress, less 50% of the fee that the claims co want.

If you know the bank the loan was with then ring them and ask how the redress will be paid, they should tell you this as you are a joint account holder.

magpiecottage

amersall wrote: »

If I were you, before you sign the forms you need it in writing that you will get 50% of the redress, less 50% of the fee that the claims co want.

I would complain direct. The ambulance chaser cannot enforce a non-existent contract against you.

[Deleted User]

magpiecottage wrote: »

I would complain direct. The ambulance chaser cannot enforce a non-existent contract against you.

Where would that leave the OP's ex though? He'd still have to co-sign the OP's complaint wouldn't he?

Caroline_a

It seems that the company he's used will charge a fee regardless of whether we now do it ourselves or not. (His words not fact I have checked tbh) As it's Ocean Finance the loan was taken out with I have 2 authorities to sign, one for GE Money and the other for Ocean Finance, as one brokered from the other. I had very little info when I spoke to them last night (the ambulance chasers), so need to ask more questions I think. They seemed to think that I would just have to trust that my ex would pay it all out to me.... yeah right, like I'm going to trust that one!

Some help appreciated as to how I can go forward now to ensure that half is paid to me if awarded... in reality my ex was out of work the whole time we had the loan, and I paid the damn thing every month!!

J_i_m

Just what ever you do.. Do not sign up with the ambulance chasers.

amersall

I would have though that this being joint your ex needs your signature to allow the claims co to go forward with this as magpiecottage said the claims co cannot enforce a contract on you, refuse to sign and do the claim yourselves.
It is so easy and you will both keep 50% of any redress, all for contacting the loan company!!.

david39

Yes, try to do the claim yourselves.

You will need your ex's agreement for that and his signature at some stage.

He will argue that he has to pay the ambulance chasers a fee if he pulls out, but he set them on without your knowledge or permission, so that's his debt.

Hopefully, their fee for their work so far, should be far less than what he will save in not having to pay them his half of the full amount if they did all of the work.

amersall

I don't think it matters that he has signed for this claim, as it is a joint loan I believe they need both to sign to make the contract, I could be wrong though.
And if this claim goes through without both signing the claims co will want the % on the whole PPI and not just 50% of it.

[Deleted User]

amersall wrote: »

the claims co will want the % on the whole PPI and not just 50% of it.

Without a doubt:mad:
What a mess!
Surely, the CMC can't proceed without both signatures?
But can the OP make her own claim without her ex's involvement?
If the ex does sign for another claim the OP instigates does that mean the CMC is entitled to their percentage of any redress?

Makes my head hurt!:eek:

[Deleted User]

Caroline_a wrote: »

As it's Ocean Finance the loan was taken out with I have 2 authorities to sign, one for GE Money and the other for Ocean Finance, as one brokered from the other.

Under no circumstances sign and return these to the Claims Company.
How much was the original PPI anyway?
Perhaps you should consider just refusing your permission if it's a small amount that will reduce still further because of your ex and the CMC?