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Gladstone brooks
STarmstrong84
Posts: 2 Newbie
Does anyone know what sort of percentage Gladstones take of ppi refunds
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Comments
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Far too much for sticking a stamp on an envelope to send using the free of charge complaints process.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
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Mylo_The_Moggy wrote: »Roughly around 25%. Hubby went through GB & claimed £17,500 back. Once fees were taken off it came to just over £13,100 that was deposited in his bank.
We thought they were alright to be fair, dealt with case in around 8 weeks and kept us updated throughout.
All businesses have to make a profit somehow, but I guess many ppl will probably say 25% is quite a chunk, but we were extremely happy with the outcome.
Perhaps the most expensive stamp you will ever buy. All to avoid 5-10 minutes work, an envelope and a stamp.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 -
That's your opinion. We applied online & they sorted it all out. No stamp used.
How do you think your complaint letter that they generated (from the info you gave them) got from them to the provider?
You do realise that had you given the same info to the provider in question, that would have been enough for the provider to deal with your complaint.Who cares anyway, we got £13k which we used as a deposit to buy our house.
I suggest you delete your account on this site and give up posting here. This is a money saving site. You paid £4,300 for using the free of charge complaints process. let you be a lesson to others not to make the same mistake.Worked out well for us.
That is your opinion. I doubt many would agree that paying £4300 for a free service is good value for money when the outcome would have been the same.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 -
Mylo_The_Moggy wrote: »Jeez I only wrote how they helped us & I get abuse and told to delete my account??????????????????????????????????
They helped themselves to £4300 of your money !! Who, in their right mind calls that "helping" someone ?0 -
Jeez I only wrote how they helped us & I get abuse and told to delete my account??????????????????????????????????
It is not abuse. It was pointing out that this is a money saving site and you feel that spending £4300 to use a free of charge service is a good thing to do.Freeking hell, this was before we even knew about the complaints procedure.
So, you are saying you were mis-sold by Gladstone brookes then? CMCs are required to point out that that there is a free of charge complaints process.
There is a saying; once bitten, twice shy. You were mis-sold PPI and now it appears you were mis-sold by the CMC too. You really do need to take more care.No need for all this abuse towards me just cos we paid them a %.
Lets put this in context in monetary terms as many people dont seem to be able to understand percentages. You paid £4300 for a free of charge process and are happy with that. If anyone reading this thread agrees with you that paying £4300 is a good idea then that is their choice. If they, like me, think it was an awful decision then that is their choice too. you have put your opinion across that you think its a good idea to pay £4300 for a free of charge service. I have put mine across saying it isnt. It is not abuse. it is discussion.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 -
If you are into giving away £4,000 plus for simply putting a stamp on an envelope, can I have some too please?Mylo_The_Moggy wrote: »That's your opinion. We applied online & they sorted it all out. No stamp used.
Who cares anyway, we got £13k which we used as a deposit to buy our house.
Worked out well for us.0 -
Ah, taken their bat and ball home now
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For reference, Mylo The Moggy, deleted her posts. However, most of the responses have key parts quoted in them. So, you get the jist and that explains why the thread reads a little funny now.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
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Gosh, looks like I missed a great thread about GB!!
The way I look at it, to get 17.5k back from ppi (minus their cut, so 13k in total) must mean that you are really stupid with money to get that amount back, I dread to think how much the loan was and what amount of interest has been paid on it over the years.
It's nothing really to brag about, I'd be more ashamed than anything else, I certainly wouldn't be gloating about it on a money saving forum. So if you hadn't got the money back would you have ever been able to afford a deposit on a house?0 -
catzindbox wrote: »Gosh, looks like I missed a great thread about GB!!
The way I look at it, to get 17.5k back from ppi (minus their cut, so 13k in total) must mean that you are really stupid with money to get that amount back, I dread to think how much the loan was and what amount of interest has been paid on it over the years.
It's nothing really to brag about, I'd be more ashamed than anything else, I certainly wouldn't be gloating about it on a money saving forum. So if you hadn't got the money back would you have ever been able to afford a deposit on a house?
If it was single premium PPI (i.e. PPI added onto a loan so you pay interest on it) from a while back it can add up quickly, especially with the 8% interest over a few years - a chain of loans as well could make it more.
The only daft thing was using a CMC when simply posting off the form would have given 4k more for doing up the new home!Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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