PCN indemnity insurance

ppc_guy

But then on second glance it probably won't be the same company. Seeing as they are asking for payment via paypal they leave themselves to open to call-backs or refund requests.

fivegoldstars

ppc_guy wrote: »

David,
From the inside of the industry i would imagine it is the same company as UKPC. There has been talk of it for a while now.

As for insurance im not sure they would be classed as such but the use of the word underwrite is probably incorrect to give a more professional appearance. After all as they are one and the same then they know there is no costs so they are not underwriting anything.

Think about it logically. Why would a PPC do this? If you're going to pay for this, you'd be settling the ticket anyway.
From the whole look of the site, wording etc, it's quite obviously a one-man band, amateur arrangement. Someone's spotted the chance to make a quick buck.

AlexisV

It's a funny setup. Are they stealing £25 from other PPC's tickets, knowing full well they'll only get some letters to ignore, or are they using their connections to pay off the other PPC?

What benefit is there to company X - that they get a tenner to leave it alone, or are they losing £50 from a potential payer?

fb1969

It wouldn't surprise me if it was connected to a PPC.

For the sake of figures, the PPC would get £10 and this company would get £15.

The victim would pay £25 instead of £40 or more, so they would feel that they had "won" in some way. They would also feel that the ticket was genuine and that the indemnity company had managed to sort things out. The chances are they would use the company again, and possibly tell friends.

New posters on here are often very worried but the words used and may well pay £40 as they are concerned of things going further and having to pay more. The offer of having everything sorted for £25 could be very tempting.

Someone seeing the indemnity company would be less likely to search further and find boards such as this or pepipoo. By offering a service to fight the tickets it could be seen to legitimise the whole PPC set up.

notts_phil

To keep our charges to a minimum we don't operate a telephone help line, but we are happy to deal with any questions you may have via email, either at this address or at pcnindemnity@gmail.com. Please see our FAQs page for answers to general enquiries.

Best regards,

Mike Doyle
Service Manager
PCN Indemnity Ltd
Screams out Con to me

Should this be reported to the FSA

HardWorker2010_2

Let me fight PPCs on your behalf!

PM me and I'll give you my paypal account.

As soon as your £20 is in my account, place your PCN from any PPC in our special collection devices which can be found all over the UK.

They look like this:



For an additional £10 feel free to place and letters from Debt Collectors or Solicitors in these:

Stephen_Leak

AlexisV wrote: »

It's a funny setup. Are they stealing £25 from other PPC's tickets, knowing full well they'll only get some letters to ignore, or are they using their connections to pay off the other PPC?

What benefit is there to company X - that they get a tenner to leave it alone, or are they losing £50 from a potential payer?

This is what I can't figure out. What's in it for the PPC involved? After all, their demands are legal and righteous (well, according to them they are). So, why should they accept less than they're due? Especially from someone gullible enough to fall for not only their con' trick but also this one.

ppc_guy

Its all about business. Its a numbers game. Whoeevr is running this is pocketing £25 from each ticket they "indemnify".
So if 100 people get tickets from X ppc on average 60% will pay "Off-Screen". If the ticket price is £75 this means £4500 for the PPC. this leaves 40% outstanding. now imagine another 10% could be lured to pay the £25 on the basis they will get rid of the tickets. This means someone is pocketing a further £250 that they may not have got.
Now i dont see the PPC's getting involved on a "we'll take £10 and call it quits" basis. So all the indemnity company need to do is write to the ppc to the appeal address giving all the details from the ticket and the PPC would most likely store this as the contact address and never bother with the V888. This means the indemnity company is the only address the PPC's have so all letters and calls would be directed to them. the indemnity company ignore them and know they will go away. Problem solved.
If the actual driver or owner of the car calls the PPC after the indemnity company has started to act they could find out "oh no we're still chasing this with XYZ listed as the contact." This is however a breach of the indemnity companies terms and you lose your 25 bob. seems like a simple winner to me.

Coupon-mad

Except for the small matter of running a financial service. The word 'indemnity' and the word 'assurance' suggest to me that they should be FSA registered, as I said in post #11.

I think this needs reporting to the FSA and Trading Standards and Office of Fair Trading.

DavidFx

Coupon-mad wrote: »

Except for the small matter of running a financial service. The word 'indemnity' and the word 'assurance' suggest to me that they should be FSA registered, as I said in post #11.

I think this needs reporting to the FSA and Trading Standards and Office of Fair Trading.

Sent the details to the FSA earlier today for them to investigate.