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Won PPI claim with Oracle Legal. What happens next?
serenjns
Posts: 3 Newbie
Hi there. I received a letter from TSB to say that my PPI refund claim has been accepted and that they are sending a cheque for just short of £3000.
I haven't heard anything from Oracle though. I know they charge 25%+VAT.
Will they just invoice me for their services? If so, how do they figure out the 25%+VAT. To be honest, I'm just happy to get any money back and want it all finished ASAP. I'm a bit surprised and disappointed that Oracle Legal haven't kept me more up to date.
I haven't heard anything from Oracle though. I know they charge 25%+VAT.
Will they just invoice me for their services? If so, how do they figure out the 25%+VAT. To be honest, I'm just happy to get any money back and want it all finished ASAP. I'm a bit surprised and disappointed that Oracle Legal haven't kept me more up to date.
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No doubt. According to my math they should get about £900. That would be fine by me. I wasn't expecting to get anything back anyway. If I come out of it with £2000 then that would be amazing.0
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Nothing you couldn't have done yourself for free, but obviously you won't want to hear that now...0
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Moneyineptitude wrote: »Nothing you couldn't have done yourself for free, but obviously you won't want to hear that now...
I know. I didn't have any records or anything like that. I know it's an expensive way to go about it but it has been easy.
As I say, I wasn't expecting anything back anyway so it's been pretty painless. I wouldn'tve had the time of the energy to do it myself.0 -
I know. I didn't have any records or anything like that. I know it's an expensive way to go about it but it has been easy.
It is too late for you but for others reading this thread who have yet to decide to DIY or use a CMC, it is no more difficult to DIY. All these claims companies do is either put in a one-size-fits-all complaint letter template (the type you can download on the internet) or they get you to fill out the FOS questionnaire (or their branded/unbranded) version of it. They do little more than put a stamp on the envelope for you.
The time you spent on the phone to the claims company and dealing with them would probably be longer than it would take to DIY.I wouldn'tve had the time of the energy to do it myself.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
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