Bank Smart Letter

di3004

My hubby received a letter in the post today from that exact company.

They worded it like this:

Lender: A Broker
Amount: £56000
Estimated Max: Refund Amount: £16800

Dear Mr

We have been asked to write to you regarding a loan application you made for £56000 which we have been informed is likely to have included Payment Protection Insurance (PPI) in the region of £16800.
If you have not already done so you may register your claim(s) for a refund of any Payment Protection Insurance that was included with this loan application, as well as with other loans including further interest and compensation where the policy has been mis sold.........................(and so on).

And an enclosed form!!!

...............................................................

Right for one, the larger one's I have successfully dealt with myself and that amount they have on the letter does not match up to any loan amounts taken out, and the lender's name is not known either as they have : A Broker.

If there are further reclaims, I will not be using any claims company, I will fight for myself and hubby's!;)

[Deleted User]

Deleted_User wrote: »

is it just all a weird scam?

Nothing weird about it. It's just an attempt to drum up custom. They tell you that you have an amount of money owing and that you should sends them any documentation you have. The hope is that recipients will go searching and find evidence of some genuine loan with PPI that they then use Bank Smart to complain through.
Not a proper scam as such, but definitely ill-advised for anyone to believe anything in their letters.

[Deleted User]

Moneyineptitude wrote: »

Nothing weird about it. It's just an attempt to drum up custom. They tell you that you have an amount of money owing and that you should sends them any documentation you have. The hope is that recipients will go searching and find evidence of some genuine loan with PPI that they then use Bank Smart to complain through.
Not a proper scam as such, but definitely ill-advised for anyone to believe anything in their letters.

I said weird scam because my letter mentions a £1000 loan from CitiFinancial when I have never had a loan from them.

Luke_Zaine

Today I opened a letter from Bank Smart which had exactly the same wording as mentioned in previous posts.

Letter was sent from:

Bank Smart
Consumer Complaints Division
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ

It then stated I may have been miss sold PPI through a lender called "Welcome Bright" for a loan of £10,000.
The estimated max refund could be £3,000

My advice:
Find all your paper work for any load you have had.
Claim for yourself and do not use any of these ambulance chasers.
Why give them money to do something that is actually very easy, if you use the correct form and keep any discussions polite.

Perhaps Martin should mention this on one of his TV appearances as it seems to be a growing problem.

As many people have now claimed for past miss sold PPI's, these companies are getting desperate for business and will try anything to get new clients.

Hope this helps in some way

[Deleted User]

Deleted_User wrote: »

I said weird scam because my letter mentions a £1000 loan from CitiFinancial when I have never had a loan from them.

It's obviously bogus information, but there is no money to made from that unless they plan to charge an upfront fee.
As I said, the hope is that recipients will be encouraged to sign up and make genuine complaints about genuine loans and pay this company 25% (plus VAT) of any redress subsequently awarded.

Luke_Zaine wrote: »

these companies are getting desperate for business and will try anything to get new clients.

Exactly.

maggy50

Digging a little more deeper this company seem to be targeting people in debt , on benefits or financially restricted .

There are some horror stories how they are charging people for these claims knowing full well that there is debt involved and that they the victim would not benefit from any refund and the only winner is the claim company and this particular company are just one of many.

They send in debt collectors to collect their fees .

Also notice that the phone contact is 0845 number a further gain.!!

[Deleted User]

Just throw any letters from them into the recycle bin.

jackiehad

Hi they have sent a bill out again but I told them i never sign paperwork and the writing on the form is not the same it looks like my signature but the other write is not mine and i know I never signed form but i know who might have a ex. I told them all this and then they asking if i wanted to cancel i said yes but i have agreed to cancel some think I knew nothing about this was july 2012 it was signed but first found out Oct 2012. and they cancelled in Nov I thought that was it until email sent feb 2013 asking for payment of 135.00 pounds in 7 days Help I do not know what to do next i have PTSD and this is making me ill

jackiehad

jackiehad wrote: »

Hi they have sent a bill out again but I told them i never sign paperwork and the writing on the form is not the same it looks like my signature but the other write is not mine and i know I never signed form but i know who might have a ex. I told them all this and then they asking if i wanted to cancel i said yes but i have agreed to cancel some think I knew nothing about this was july 2012 it was signed but first found out Oct 2012. and they cancelled in Nov I thought that was it until email sent feb 2013 asking for payment of 135.00 pounds in 7 days Help I do not know what to do next i have PTSD and this is making me ill

:j just had reply they are not going to chase me for payments as they can not prove it was me who signed

magpiecottage

jackiehad wrote: »

:j just had reply they are not going to chase me for payments as they can not prove it was me who signed

Just make sure they don't attempt to register a default against you.