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Egg have sent me a letter - is it genuine?
Doodles1980
Posts: 10 Forumite
Hi
The company formally known as Egg contacted me and sent me a PPI claim form for a loan I had some years ago.
They say according to their records I had taken out PPI insurance with them and I may be owed some money.
Slightly suspicious as I'm unsure why a company would contact me for this reason if it wasn't a scam. Anyone got any advice? Thanks in advance
The company formally known as Egg contacted me and sent me a PPI claim form for a loan I had some years ago.
They say according to their records I had taken out PPI insurance with them and I may be owed some money.
Slightly suspicious as I'm unsure why a company would contact me for this reason if it wasn't a scam. Anyone got any advice? Thanks in advance
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Comments
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It's not a scam, it's an invitation to complain if you have reason to.Doodles1980 wrote: »Anyone got any advice?
If you have valid mis-selling reasons then complain, if not then don't.
Since there is nothing to pay (other than the price of a stamp) how could it be a scam?0 -
definitely not a scam. i had one from egg too back in Jan and had £1600 refunded in May
I think i used 1 stamp too 'Children are not things to be moulded, but are people to be unfolded'0 -
Firms are writing out to let people know they had PPI and invite them to complain if they have reasons to complain. It is not an indication of likely success as the letters are generated if you had the product. Having the product is not a mis-sale.
The letter allows the activation of the three year timebar clock to begin.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
I didn't ask for PPI because I was covered for illness and accident at work so I was surprised when I got the letter because to my knowledge I didn't have it, i had declined it, that's why I thought it might be a scam.0
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Incidentally I !!!!!!ed the form up...where can I get another?0
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http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance#step1Doodles1980 wrote: »Incidentally I !!!!!!ed the form up...where can I get another?0 -
Thanks. I guess I'm on a strong footing if I didn't agree to it at all. Is it customary to negotiate or take the first offer?0
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Redress is defined, not negotiated;Doodles1980 wrote: »Is it customary to negotiate or take the first offer?
http://www.financial-ombudsman.org.uk/publications/technical_notes/ppi/redress.html0 -
Thanks for your help.0
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