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Indemnity Claim/ DD Guarantee
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Comments
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Who do the bank contact regarding the DD's if they're in administration??
Liquidators??
The administrators will be contacted and almost certainly they will provide the bank with verification of the correct amounts. The bank will also be checking the direct debit mandate completed.
Once this happens, typically about 60-90 days laters, the bank will take the money back from your account again. You will find yourself out of pocket by the amount you have paid the claims company.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 -
So what are you planning to do now? Refuse to pay the claim company? When the Bank claw back the money refunded you'll still have to pay the fee you agreed...To be honest I thought it was dead money, so when they rang I thought fair enough if I can get something back I'd be happy.0 -
Moneyineptitude wrote: »So what are you planning to do now? Refuse to pay the claim company? When the Bank claw back the money refunded you'll still have to pay the fee you agreed...
Think I might contact the the bank and explain.
Another thing, is it possible to buy information regarding people's direct debit info, amounts, dates etc. They had all this info on a spreadsheet??0 -
Think I might contact the the bank and explain.
Another thing, is it possible to buy information regarding people's direct debit info, amounts, dates etc. They had all this info on a spreadsheet??
No. That data is not in the public domainI 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 -
How would this company obtain such info?? Would this of been purchased illegally from the company during liquidation?0
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How would this company obtain such info?? Would this of been purchased illegally from the company during liquidation?
Probably ex staff members that have lost their jobs and are selling details on. That is the most common way these things happen. However, its not possible to really know.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 -
Hi,
I was just wondering if this company has a website so that we can all watch out for it?0
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