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Commission compensation on ppi
jk81
Posts: 2 Newbie
Hi
Hoping some one may be able to help please!
My partner stupidly paid a company to reclaim PPI. He has received a letter from one creditor saying he has been awarded £1900 but they have said they cannot agree that PPI was mis-sold. He has been awarded it as they found that his PPI premium included a high level of commission. Does that mean he still has to pay the PPI company their fee- as wasn't for PPI?
Is a long shot I know....
Many thanks
Jess
Hoping some one may be able to help please!
My partner stupidly paid a company to reclaim PPI. He has received a letter from one creditor saying he has been awarded £1900 but they have said they cannot agree that PPI was mis-sold. He has been awarded it as they found that his PPI premium included a high level of commission. Does that mean he still has to pay the PPI company their fee- as wasn't for PPI?
Is a long shot I know....
Many thanks
Jess
0
Comments
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The Claim Company will demand a % cut of any redress regardless I'm afraid.
The time to avoid any payment was before you signed a legally-binding contract with them.
Too late now!0 -
I am in the boat mine as been with ombudsman since 2013 they ruled against ppi in 2016 but went for commission now ppi company want a share my contract says it will claim for missing sold ppi and any other irregularities but they didn't find any the plevin case found them need advice0
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Make sure you pay them before they send round the debt collectors0
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