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

magpiecottage

ppidisgrace wrote: »

ambulance chasers, there is no accident?

Precisely - in many cases there has been no missale either there has been no missale either

amazing all these ifa's acting holier than though, ifa's are all part of the same nasty financial circles, wonder what products they been selling over the last 10 years

As I am not an IFA, none.

question really about cmcs's was I thought you had to be a registered company to give claims advice, and didnt realease that by not charging you could give claims advice unregulated

But that is my point - you do not know what you are talking about.
It is an open forum but the fact that you are allowed to write it does not stop it being nonsense.

magpiecottage

ppidisgrace wrote: »

you have someone responsible to conduct the claim on your behalf and deal with the banks, someone to ensure your claim does not get deflected, and to ensure your claim has the best possible chance to succeed based upon experience rather than coming to a faceless forum where there is noone to complain to and noone knows who is giving the advice and why

You should know that the Conduct of Authorised Persons Rules 2007, issued by the Ministry of Justice, your regulator, says "Where a claim is one that falls within the province of the Criminal Injuries Compensation Authority, the Financial Ombudsman Service, the Housing Ombudsman Service or any other recognised dispute resolution procedure, the business must not suggest that a claimant will have a more favourable outcome if he uses the services of the business."

You are therefore in breach of that regulation.

by the way if you affix a stamp if wont get there, shows what you know - try recorded delivery or they will claim they never received it,

You presumably have evidence of this.

In reality, it is better to simply get proof of posting, which is free from the post office. If necessary, FOS will deem it to have arrived two working days later. Not only does this save the cost of Recorded Delivery but you do not risk the postman not bothering to get a signature (which frequently seems to happen).

a lot of claims management companys have soliciotrs both for in-house legal matters and compliance

Okay then. I am currently dealing with a complaint from one firm whose directors include a solicitor regulated with the Solicitors Regulation Authority.

• It alleges the sale of a PPI policy which does not, and never has existed.
• It alleges that the NON-EXISTENT sale took place in 2004 but breached eighteen different FSA rules when the FSA did not regulate its sale until 2005 and the rules it alleges were breached did not exist until 2008.
• It alleges that the maximum payout on the NON-EXISTENT policy would never be as much as the premium payable.
• It alleges that the adviser said that the complainants would need to take out the NON-EXISTENT policy in order to get a loan.

As a result of this supposed "professionalism", the complainants can expect a bill from my client to reimburse them for the fee which has been unnecessarily incurred.


This is by no means the only such case.

suggestion, get some facts before giving out advice

you opinions are without foundation and mis-leading people

Copper? Kettle?

[Deleted User]

ppidisgrace wrote: »

you can also fix your own car yourself, but people still use a mechanic and the labour can be in excess of 25%

But if that mechanic simply pushed back a loose wire and then charged for a new engine, then I believe that would be a closer analogy to what a CMC does.

ppidisgrace wrote: »

the simple ones people may win, but what if it is more complicated

as if cmcs only had the complicated ones to work on , their fees would be double
people beware, the banks havent changed and they fill this forum with people giving biased advice

Obvious troll is obvious

I think it's time we stopped replying to your misinformation and unsubstantiated allegations about posters here on this site. I, for one, won't be rising to your "bait" any loinger.

roonaldo

patfearn wrote: »

I have been trying to reclaim PPI from GE Money and their associates for almost three years. Have made a complaint to the regulator who have just given Cardiff pinnacle a further 8 weeks to address my concerns. In the meantime GEMoney have contacted me to inform me that they only provided the loan and did not sell the PPI. Very strange as no one wrote to GE Money and GE Money refused to give me the loan unless I took out the PPI. As far as ican see GEMoney must have a very close connection to Cardiff Pinnacle if they answer their mail.I applaud everything MSE are doing but please don' t forget that it's not just the banks who mis sold PPI. It's the finance companies who are trying to dodge their responsibilities and are failing to pay back mus sold PPI .

what they mean is that a broker sold you the loan. you cant claim GE mis-sold you something when they didnt sell you anything.

magpiecottage

ppidisgrace wrote: »

sorry so you'd like to see the day when everyone in the industry lost their jobs

Absolutely - if you cannot offer a worthwhile product or service you should not be in business.

and their was no companys for people to turn to for help, wow thats really great, hmm you may have an agenda all of your own

This from somebody who wants to try to convince people that they should pay him thousands of pounds to a service which at best only amounts to sticking a stamp on an envelope and put it in the postbox and at worst could find them convicted of fraud.

in this country people go to work, do an honest job, their customers based on the information, choose to appoint the, in the end the bll is paid if a successful result and everyone is happy

but you are not being honest, are you.

but you wish people on the dole queues

Actually, I wish you and your type were eradicated - the same way as smallpox has been eradicated and the same way that I wish malaria could be eradicated.

, you wish no representation for people who have been turned over by the banks

I can speak for myself, thank you.

I want to see consumers treated fairly. If they have been missold to then I want to see them properly redressed.

But that means I want to see them receive 100% of that redressed. You, on the other hand, want them to receive less than three quarters of it and line your own pocket with most of the rest.

claiming ppi for someone is not get rich quick

All you do is put the complainants' name, address and date of birth on a prewritten letter with no thought at all about whether it is true and put it into the post. Even that I have seen done incorrectly.

are you crazy?

Probably - because by publicly showing how foolish it is to use the "services" of people like you I reduce the risk of my clients becoming the victims of your fraudulent complaints and having to pay me to sort them out.

or just vested

As I say, this is hardly the way for me to generate business for myself.

davidh025c

It is good to see the BBC have picked up on the MSE and Which? partnership on this. The BBC story http://www.bbc.co.uk/news/business-17792044 picks up on how CMC's are clogging up genuine complaints, with 22% of claims through them, are people with no PPI at all. I hope for one that this story and the joint campaign gets more publicity, there are sadly a few posts on here appearing where people are now out of pocket and even a couple cases of serious financial difficulties all because of these CMC scumbags (I'd put a stronger word but I am not allowed )

And as for anyone advocating CMC's on this forum, in my opinion you are a disgrace and seriously mis-guided.

dunstonh

The BBC story http://www.bbc.co.uk/news/business-17792044 picks up on how CMC's are clogging up genuine complaints, with 22% of claims through them, are people with no PPI at all

That 22% was with just one provider. One of the banks reported 50% as not having PPI.

pickledeggs_2

~Brock~ wrote: »

You are motivated by one thing. Money..

Who isn't? MSE and Which? are commercial organisations not registered charities

In fact I was thinking of jumping on the band wagon myself, setting-up an information website littered with affiliate links, driving huge amounts of traffic to it by promoting a loss leading free PPI reclaim advice service and earning huge commissions on the back-end from associated products - whatcha think?

[Deleted User]

pickledeggs wrote: »

Who isn't? MSE and Which? are commercial organisations not registered charities

I think the point is that they both seem to earn their money in an upfront and honest way. The CMCs cannot be described in the same manner with regard their business.

davidh025c

pickledeggs wrote: »

In fact I was thinking of jumping on the band wagon myself, setting-up an information website littered with affiliate links, driving huge amounts of traffic to it by promoting a loss leading free PPI reclaim advice service and earning huge commissions on the back-end from associated products - whatcha think?

So why come on this forum to condemn the actions of organisations helping others? Bit upset that your CMC is losing out?