Best way to claim PIP?

[Deleted User]

tommy2k8 wrote: »

Claims Direct - they said just fill them in, send them back, and they'll do the rest.

Well, if you are unwise enough to let them, the Claim Company will indeed send the forms you fill in to your Bank(s). In return for this, they'll charge around a third (plus VAT) of any PPI refund you receive. Surely you can write to your Bank yourself? The big banks all have dedicated PPI complaint sections on their websites, so you don't even need a stamp.

tommy2k8

Moneyineptitude wrote: »

Well, if you are unwise enough to let them, the Claim Company will indeed send the forms you fill in to your Bank(s). In return for this, they'll charge around a third (plus VAT) of any PPI refund you receive. Surely you can write to your Bank yourself? The big banks all have dedicated PPI complaint sections on their websites, so you don't even need a stamp.

I didn't know you could write to the banks! Is there a template letter anywhere on the site?

[Deleted User]

tommy2k8 wrote: »

I didn't know you could write to the banks!

There are numerous PPI complaint templates, but you don't need one. As I said above, go to the website of the Bank you want to contact and fill in a PPI complaint online.

dunstonh

The PPI issue isnt about the product itself. It is how it was sold to you.

So, when you see PPI Claim, that actually means you are raising a complaint about the sale of PPI and alleging wrongdoings.

A claims company "should" ask you about your PPI policy and your circumstances at the time (employer etc) and a range of questions to see if they believe you were missold in their point of view. If they do, they will fill in a form that is very similar to the one you can do yourself. They will send it to the bank's complaints department using the address you would use if you did. The bank uses the same staff and the same process whether you do it or the CMC does.

So, in effect, the CMC is only posting a form that you yourself can fill out. That is the extent of what they do. This is why people are told not to use claims companies as it is so easy to do it yourself.

casement

A few days ago, I replied to a sponsored advertisement on, I think it was, the MSN newsfeed, which turned out to be from a company called Allay, saying that people were still being paid out large sums of money from mis-sold PPI payments.

I had tried this before with another company, whose name I don't remember, and been rejected because the amount of money I still owed to the banks (from loans and credit cards I had taken out more than 10 years ago) was more than the payout would be.

When I spoke to Allay on the phone, I mentioned this and was told that this didn't matter and it wouldn't stop me from making a claim but I am worried that the banks might make a payment but insist that it be paid back as part of the debt I owe them and that, in that case, Allay might still charge me their 24% charge, although they claim to operate on a No Win/No Fee basis.

On the other hand, if I approach the banks myself directly, I am worried that they may also refuse to make a payment on the grounds that I still owe them money.

I would be grateful for any advice anyone could give me as to what I would be best to do in this situation.

[Deleted User]

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https://forums.moneysavingexpert.com/discussion/comment/74837966#Comment_74837966