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cheapest PPI company ?
luvpump
Posts: 1,621 Forumite
ive heard the amount they take can vary a great deal, who is the most cost effective please ??
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Comments
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The cost effective way is DIY . . .
Do you really want to pay someone to put a stamp on an envelope and drop it in the post box?
If you use a claim co, you still have to fill in the same (or similar) complaint form, so you still do all the work, they just take a large percentage of any re-dress you may receive!
Beware of any offers of "help" you may now receive via a private message.0 -
ive heard the amount they take can vary a great deal, who is the most cost effective please ??
Yourself is cheapest and most cost effective.
This is MSE. Why on earth would anyone want to pay to use a free-of-charge complaints process where the CMC use the same from or their version of the FOS form which is available free?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 have to agree with the others. This is money saving expert not blow £500 on something you can do yourself.
Write the bank a letter quoting the account number stating the reasons why you believe the PPI was mis-sold to you. Post the letter. Or phone them up and tell them, they can take complaints verbally. A lot of banks have complaints logging facilities on their website.0 -
ive heard the amount they take can vary a great deal, who is the most cost effective please ??
Take at look the MSE owners site; they have a comparison service offering the best deals from over 70 PPI products
http://www.moneysupermarket.com/payment-protection/
GoCompare offer a similar service too
http://www.gocompare.com/payment-protection/0 -
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Moneyineptitude wrote: »Those are links to the relative cost of new PPI policies, not CMCs!:eek:
Correct; that's what I believe the OP asked about
i.e cheapest PPI company0
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