Dispute with Direct Redress over Barclays PPI refund

HAL_9000_2

CMC_fighter wrote: »

In response to Dunston.

Your fabrication that CMCs are "lightly" regulated is both troubling and mis-leading. These companies will generally have annual visits from the MOJ to determine they are following best practice. Furthermore, they will inspect all advertisings including the wording of these and check all correspondence that are issued to customers.

CMCs are generally there to assist people in obtaining refunds from the banks for mis-selling a product to them. Your attempt to vilify them for providing this service is like a husband complaining his wife goes to a nail parlour...Of course there are things you can do yourself that other people can perhaps do better. You assume that a bank that originally mis-sold somebody thousands of pounds of insurance is going to suddenly become honest when dealing with a complaint is quite frankly laughable.

I have dealt with in my time thousands of clients that have been completely mislead by the banks in regards to their rights when pursuing a complaint. this ranges from denial of the existence of PPI to incorrect offers of redress. Without in depth knowledge of the financial rules you are certainly at a disadvantage when pursuing a claim for mis-sold PPI. Only this week Clydesdale Bank has been fined over 20m for lying and amending screenshots sent to the Financial Ombudsman Service.

Banks have ran a campaign against companies that assist claimants and been helped in this by misguided people such as Martin Lewis, the truth is the less CMCs the less people will obtain a refund they now that and so does Mr Lewis. Of course there are bad apples as in any industry but believe me if not for these people the banks would get away with it having profited billions !!

This is aboosute rubbish and tosh!

I'm no legal or financial l wizard and I have claimed back circa £17.5k myself using the FOS free forms. It is that simple and easy and I kept every single penny myself.

The best and most apt description of CMCs is by Adrian Coles, Director general, BSA "claims management companies look remarkably like the modern day equivalent of highwaymen".

For evidence read some of the horror stories in this and other forums, it is clear we are not looking at a rogue minority but a whole industry out of control.

In my humble opinion, CMCs are are a bigger scandal than the original miss-selling of PPI (at least the later is now being corrected) but the problem is companies with dubious business models are profiting masively as result of high pressure tatics on the back of gross misinformation.

Marty...

magpiecottage

HAL_9000 wrote: »

"claims management companies look remarkably like the modern day equivalent of highwaymen".

The modern day equivalent of highwaymen look like this:

Insider101

magpiecottage wrote: »

The modern day equivalent of highwaymen look like this:

Post of the year!!!

Heathenladd

tell em to pi*s off, go into lock down. don't answer any letters or correspond with them, or... flip it over and tell them you are going to counter sue for the amount of money they ripped you off with, bombard them with letters and emails demanding YOUR money back they will soon shut the f*ck up. Attack them. Do what they do to you. Cheeky barsestewards!!!

http://www.wikihow.com/Counter-Sue

Nasqueron

Heathenladd wrote: »

tell em to pi*s off, go into lock down. don't answer any letters or correspond with them, or... flip it over and tell them you are going to counter sue for the amount of money they ripped you off with, bombard them with letters and emails demanding YOUR money back they will soon shut the f*ck up. Attack them. Do what they do to you. Cheeky barsestewards!!!

http://www.wikihow.com/Counter-Sue

The danger is that the CMC will take them to court and may win with the contract especially if it allows them to claim a share of any refund following a further review - a check of the Ts & Cs will show that - if they get a CCJ, while you can avoid it by paying inside 30 days, it's a lot to risk by ignoring their demands.

HAL_9000_2

Heathenladd wrote: »

tell em to pi*s off, go into lock down. don't answer any letters or correspond with them, or... flip it over and tell them you are going to counter sue for the amount of money they ripped you off with, bombard them with letters and emails demanding YOUR money back they will soon shut the f*ck up. Attack them. Do what they do to you. Cheeky barsestewards!!!

http://www.wikihow.com/Counter-Sue

Good advice. Folk don't like own their own traits turned back on them.

Its about time one of these parasites was shown the error of their ways.

Marty...

Heathenladd

Nasqueron wrote: »

The danger is that the CMC will take them to court and may win with the contract especially if it allows them to claim a share of any refund following a further review - a check of the Ts & Cs will show that - if they get a CCJ, while you can avoid it by paying inside 30 days, it's a lot to risk by ignoring their demands.

I agree there is a lot of legal danger, but i think playing their game of threats back to them creates deviations and delays to avoid paying those creeps any money at all.

HAL_9000_2

Nasqueron wrote: »

Funny that I have heard Martin Lewis on numerous radio and TV programs telling people to complain about PPI and advising how simple it is and how you can do it without needing a CMC and have just as much chance of success - if anything Martin Lewis is doing everyone (except CMCs and banks) a favour by reminding people about it.

I heard Martin Lewis on BBC Radio 2 they other day and that was preciesly the stance he took.

Marty...