We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
ppi claim company payment
Options
larrtheloafer18
Posts: 1 Newbie
a friend of mine used a company to search for ppi five years ago, the company came back and said there was no ppi.Now one of the banks my friend had loans with has come forward and said there is ppi owed to him. The company he used five years ago, who originally said that they could not find any ppi have now contacted him stating that he is obliged to pay there fee. How does he stand ?
0
Comments
-
He is not required to pay a penny. This position was confirmed back in August 2014 by the Ministry of Justice.
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/342291/Claims-management-regulation-business-bulletin-Aug-2014.pdf
see page 2.
The contract is deemed to have ended when the bank gave it's original rejection letter and the CMC decided to take no further action.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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards