Lloyds comparative redress (alternative redress)

[Deleted User]

Comparative Redress, not "alternative"

welshgasman

Mart3433 wrote: »

, just need to wait a couple more weeks for it to be in my account.

I'd expect you to get payment by the end of next week at least.

Mart3433 wrote: »

I'm extremely happy, as you can imagine!!

Good result

magpiecottage

In the end, I believe the FCA told Lloyds to revisit these cases. That is why they did so without a request from the OP.

I realise the OP took the DIY route for this. For those who used a CMC, they should note that the Claims Regulator has indicated that the CMC is NOT entitled to a payment in respect of the further redress. This is because the award of the extra redress was made AFTER the contract between the consumer and the CMC was concluded. In fact, the Claims Regulator has gone so far as to suggest it may amount to a criminal offence under the Fraud Act 2006.

If you are in that situation and the CMC tries to obtain further payment, you should complain to it and, if necessary, to the Legal Ombudsman.

Mart3433

Thanks, but I didn't use a claims management company.
Every penny that I've now claimed has been from Lloyds contacting me direct and now every penny plus interest has been reclaimed by myself.

Thanks

Nasqueron

Mart3433 wrote: »

Thanks, but I didn't use a claims management company.
Every penny that I've now claimed has been from Lloyds contacting me direct and now every penny plus interest has been reclaimed by myself.

Thanks

Which is exactly what magpiecottage said

Insider101

Mart3433 wrote: »

Thanks, but I didn't use a claims management company.
Every penny that I've now claimed has been from Lloyds contacting me direct and now every penny plus interest has been reclaimed by myself.

Thanks

I think Magpie is just sounding a general warning to those who have been pressured for extra payment by CMCs. Which is plenty.