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Ppi - payoff debt - what if i moved it ?

ive been sorting my PPI claim , with a company as I have no paperwork or anything. Yes I know its a high percentage they take but I just gave them my details and they have taken care of everything. Now I read that if you are successful and they will knock off the amount given off what you owe the company you claim from. I moved my debt onto another card 0% so will they not be able offset the amount ? Its going to pay off my card anyway..... I was just wondered. Thanks

Comments

  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I believe they will only deduct any monies if you are in arreas, and only the amount of the arrears.


    Hope that helps.


    Even with the small amount of information you had, you still could have done it your self for free.
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • -taff
    -taff Posts: 15,585 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
  • societys_child
    societys_child Posts: 7,110 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    yesmrc wrote: »
    ive been sorting my PPI claim , with a company as I have no paperwork or anything. Yes I know its a high percentage they take but I just gave them my details and they have taken care of everything. Now I read that if you are successful and they will knock off the amount given off what you owe the company you claim from. I moved my debt onto another card 0% so will they not be able offset the amount ? Its going to pay off my card anyway..... I was just wondered. Thanks
    You mean, they put a stamp on an envelope and posted the complaint form for you, could you not do that yourself?

    *Remember, if you have outstanding debts and any redress is used to pay these debts, the claim company will still demand their percentage, so you may receive nothing back but get a huge bill from the CMC.
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