MSE News: MSE and Which? launch 'reclaim for free' PPI campaign

burty8899

ppidisgrace wrote: »

fact is what do you base that on?
from a personal point of view ive seen from a cmc where clients been offered 5k later to win 12k, which was more money to client taking account of fees

which is still 12k - 20-30% of the CMC cut. there is no way in hell your telling me that because you use a CMC the bank got so scared that they will offer you more than if you do it yourself - get a grip

if there has been a genuine mis-sale, then the redress formula is fixed how can there be any flexibility in this to go from 5k to 12k? if the bank made a mistake in its original calculation then thats the banks fault the CMC didn't get more money!!

ppidisgrace

yes the client ended up with more after taking into account the fee
yes the cmc for its fee challenged the offer made to the client as a result of their work the increased offer followed

burty8899

ppidisgrace wrote: »

yes the client ended up with more after taking into account the fee
yes the cmc for its fee challenged the offer made to the client as a result of their work the increased offer followed

how did they challenge the offer? on what basis? you seem to have intimate knowledge of this case so details please if your to prove your point....

also this is the first case I've heard of in a CMC challenging an offer. they always accept the first offer so they can get their 30% cut as quickly as possible

also how can they get more money on a FIXED formula? I'm interested in that one... (barring the bank making a mistake with the calculation)

ppidisgrace

burty8899 wrote: »

how did they challenge the offer? on what basis? you seem to have intimate knowledge of this case so details please if your to prove your point....

I was not privy to this information.

also this is the first case I've heard of in a CMC challenging an offer. they always accept the first offer so they can get their 30% cut as quickly as possible

really? are you very inexperienced? for instance do you have no knowledge of vanquis 50% offers ?

also how can they get more money on a FIXED formula? I'm interested in that one... (barring the bank making a mistake with the calculation)

suppose it depends if the correct figures are used in the formula, or the formula being correctly applied, its mis leading to paint the picture as so simple eg when loans are replaced by further loans etc, it is not as simple as a formula, simplistic view many times yes but in reality many times also no

Alpine_Star

ppidisgrace wrote: »

funny how you all went quiet when you realised that cmc's can and do get more, lenders can and do make wrong/unfair offers to consumers, martin lewis has been telling people its fair and simple to do it yourself and go direct to banks, martin lewis and mse and which take no responsability for any claims lost, everyone has featehred their pockets, the banks havent yet written to their customers about paying back refunds, martin lewis hasnt yet met with cmcs or done any due diligence on the banks and the banks next scandel libor shows that they cant be trusted buyer beware this forum is full of people paid for by the banks giving out misleading information lloyds who in conjunction with mse and martin lewis make the process simpler and better for customers have now increased the time to make a decision on a new complaint from 8 weeks to 16, well outside of fos guidelines, anything gonna happen to them..naaaaaa

burty8899

ppidisgrace wrote: »

suppose it depends if the correct figures are used in the formula, or the formula being correctly applied, its mis leading to paint the picture as so simple eg when loans are replaced by further loans etc, it is not as simple as a formula, simplistic view many times yes but in reality many times also no

about as vague as i thought your answer would be! a consolidation chain is still not difficult to work out. it may take longer but the effect is still the same - you get what you paid plus 8% simple interest.

so again i ask what did the CMC (you i take it) do to make the bank increase its offer so much, that only a CMC could have done - the bank calculating it wrongly is something a consumer claiming him/herself could sort out on their own and make the bank aware the calculation was wrong (evan if they need help from websites like this) and keep the CMC 30% cut

also again i have never heard of or seen a CMC go back to a bank and refuse its offer, they just want their 30% as quickly as they can get it

your stating a particular case here that a CMC increased an offer from 5k to 12k so i want further details on this case, particularly what the CMC did that uniquely, a normal consumer could not have done to get over a 100% increase - you can't use figures like that unless your going to backup your claim, unless of course your just making it all up

ppidisgrace

burty8899 wrote: »

about as vague as i thought your answer would be! a consolidation chain is still not difficult to work out. it may take longer but the effect is still the same - you get what you paid plus 8% simple interest.

so again i ask what did the CMC (you i take it) do to make the bank increase its offer so much, that only a CMC could have done - the bank calculating it wrongly is something a consumer claiming him/herself could sort out on their own and make the bank aware the calculation was wrong (evan if they need help from websites like this) and keep the CMC 30% cut

also again i have never heard of or seen a CMC go back to a bank and refuse its offer, they just want their 30% as quickly as they can get it

your stating a particular case here that a CMC increased an offer from 5k to 12k so i want further details on this case, particularly what the CMC did that uniquely, a normal consumer could not have done to get over a 100% increase - you can't use figures like that unless your going to backup your claim, unless of course your just making it all up

you ignored what I wrote, you are serious about never seeing a claim challenged? i'm, sorry but thats really embarrassing ( on your behalf) have you no knowledge of say something really obvious and prevalent such as 50% vanquis offers ( you didnt answer previously asked, is the answer no?)

HAHA I answer again no I'm unlikely to, or the cmc would have been unlikely to go into arguments that led to a claim being checked and the offer then increased, I guess thats what you pay for, in the same position you would not be giving out this advice for free , sorry pal

burty8899

ppidisgrace wrote: »

you ignored what I wrote, you are serious about never seeing a claim challenged? i'm, sorry but thats really embarrassing ( on your behalf) have you no knowledge of say something really obvious and prevalent such as 50% vanquis offers ( you didnt answer previously asked, is the answer no?)

HAHA I answer again no I'm unlikely to, or the cmc would have been unlikely to go into arguments that led to a claim being checked and the offer then increased, I guess thats what you pay for, in the same position you would not be giving out this advice for free , sorry pal

so you completely skirt around my question. answer this 1 thing and it may give you some credibility around here -

what did the CMC do that nobody else could have done to see an offer increase from 5k to 12k?

as you don't seem to be able to answer it then i suggest you go and do something more productive with your life if your not going to positively contribute to this forum.

ppidisgrace

answer this one

have you no knowledge of say something really obvious and prevalent such as 50% vanquis offers

ppidisgrace

burty8899 wrote: »

so you completely skirt around my question. answer this 1 thing and it may give you some credibility around here -

what did the CMC do that nobody else could have done to see an offer increase from 5k to 12k?

as you don't seem to be able to answer it then i suggest you go and do something more productive with your life if your not going to positively contribute to this forum.

ive answered you, they challenged the offer
ive not answered that noone else could have done it
but on the basis of what you are writing, i guess you could not

please feel free to answer question regarding vanquis at your own leisure