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ConsumerNet Ltd
Assenav
Posts: 4 Newbie
I was contacted by ConsumerNet about 2 years ago before the claiming back of PPI was as popular as it is now. I was duped and I agreed to sign up. :mad:
I would just like to warn people of something. If they manage to get you a refund of PPI which is, say, £3000, then you need to make sure the company who is refunding you will pay you via a cheque, and NOT take it off the current loan/credit card etc. :eek:
This is because ConsumerNet will demand their cut (use to be 25%, now it's 30%) which will mean you will have to find 30% of your refund (in this case £900) to pay them.
All PPI companies are likely to do this and I'm glad it's now common knowledge that it's easy to do yourself.
Also, NEVER pay upfront for a PPI claim - ConsumerNet might be expensive and sneaky, but they don't demand money up front and if they're unsuccessful there's no fee to pay. :cool:
Also, another warning - (I'm currently going through this now) if your claim goes to the ombudsman and they find in your favour, and 2 years later you get a refund - ConsumerNet or whoever you previously instructed, will demand their commission. :money:
I want to know if they have a leg to stand on because I have been awarded a PPI 2 years after claiming through ConsumerNet and they have not contacted me for 2 years. In fact they've done nothing for 2 years and now they have told me they will be invoicing me shortly. :shocked:
Also, are they allowed to charge the new 30% or can it be the 25% when I signed up with them over 2 years ago? :question:
Any advice would be much appreciated!:rotfl:
:kisses:
I would just like to warn people of something. If they manage to get you a refund of PPI which is, say, £3000, then you need to make sure the company who is refunding you will pay you via a cheque, and NOT take it off the current loan/credit card etc. :eek:
This is because ConsumerNet will demand their cut (use to be 25%, now it's 30%) which will mean you will have to find 30% of your refund (in this case £900) to pay them.
All PPI companies are likely to do this and I'm glad it's now common knowledge that it's easy to do yourself.
Also, NEVER pay upfront for a PPI claim - ConsumerNet might be expensive and sneaky, but they don't demand money up front and if they're unsuccessful there's no fee to pay. :cool:
Also, another warning - (I'm currently going through this now) if your claim goes to the ombudsman and they find in your favour, and 2 years later you get a refund - ConsumerNet or whoever you previously instructed, will demand their commission. :money:
I want to know if they have a leg to stand on because I have been awarded a PPI 2 years after claiming through ConsumerNet and they have not contacted me for 2 years. In fact they've done nothing for 2 years and now they have told me they will be invoicing me shortly. :shocked:
Also, are they allowed to charge the new 30% or can it be the 25% when I signed up with them over 2 years ago? :question:
Any advice would be much appreciated!:rotfl:
:kisses:
0
Comments
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They can charge you how ever long the Bank takes, I'm afraid.I want to know if they have a leg to stand on because I have been awarded a PPI 2 years after claiming through ConsumerNet and they have not contacted me for 2 years. In fact they've done nothing for 2 years and now they have told me they will be invoicing me shortly.
You need to check what the LEGALLY BINDING contract you signed with them says.Also, are they allowed to charge the new 30% or can it be the 25% when I signed up with them over 2 years ago?0 -
You might find it's still 25% - With VAT added it becomes 30%.I am an IFA. Any comments made on this forum are provided for information only and should not be construed as advice. Should you need advice on a specific area then please consult a local IFA.0
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