How do I pay commission on PPI claim?

888KDX

Out of the blue, I received a cheque today, for an ongoing PPI claim, which commenced about 3 years ago! I used a PPI claim Co. to pursue the matter. The cheque I was sent, was for the full amount, minus tax, but, I can't remember the Co. who was dealing with it. I'm scared to bank the cheque, as I know the money will quickly disappear, leaving me open to future issues with the claim Co. Ideally, I'd like to know if there's some way I could "do the dirty" on the Co. but, realistically, I dont expect there to be! So, in a nutshell, what are my options?

Thanks in advance.

[Deleted User]

888KDX wrote: »

what are my options?

Bank the money and wait for the Claims Company to get in touch, presumably?

Why has your complaint taken three years?

Did the uphold letter from the Bank state that they would also inform the Claim Company concerned?

McKneff

put the amount of commission in s separate account and leave it there. They have 6 years I believe to claim it.

888KDX

Thanks for the replies.

Unfortunately, the chances of any money remaining in my account for any length of time, are extremely slim, so, that, I'm afraid is not really an option. Re. the length of time it took, Lloyds TSB, originally refused the claim, and the claim Co. passed it on to the Ombudsman, as I said, the cheque came completely out of the blue, with no preceding offer letter.

Will Lloyds TSB not send a copy of the letter to the claim Co.?

Anyway, thanks for the replies so far, I very much appreciate you guys taking the time to read and reply.:T

[Deleted User]

888KDX wrote: »

the claim Co. passed it on to the Ombudsman,

This being the case, the CMC will doubtless be in touch shortly presenting you with their bill. Don't go spending the money even if a few months pass.

Nasqueron

888KDX wrote: »

Thanks for the replies.

Unfortunately, the chances of any money remaining in my account for any length of time, are extremely slim, so, that, I'm afraid is not really an option. Re. the length of time it took, Lloyds TSB, originally refused the claim, and the claim Co. passed it on to the Ombudsman, as I said, the cheque came completely out of the blue, with no preceding offer letter.

Will Lloyds TSB not send a copy of the letter to the claim Co.?

Anyway, thanks for the replies so far, I very much appreciate you guys taking the time to read and reply.:T

Can you not ring up Lloyds and ask them who they sent it to so you can contact the claims company?

Given you'll HAVE to pay them, how is it not possible to keep the money in your account? Are you that bad with spending that simply having money in your account will mean it is spent even though you know you need to save it?

Can you not pay it in, then transfer the money to a trusted person such as a family member and ask them to keep it? Depending on who you used you will need to pay up to 50% of the claim so set aside that much (or ideally, the whole lot) in a savings account that you can't easily access to keep it out of general spending and then you can earn some interest while waiting for their bill.

Cheques are not valid forever by the way so you will have to cash it at some point.