PPI claim

johnbarry30

I saw a link for a free PPI check by using your name) so I clicked it and filled in the form. I got a phone call almost before I submitted. Asking me what loans I thinkI have PPI on, I said I thought you wre to tell me from my name.


Cut it short they are sending me forms to fill in and sign.


I have changed my mind, will they charge anything if I don't sign nor send back the forms.


Also I am bankrupt since any possible PPI, so will that make a claim voyd.

[Deleted User]

Bankrupts cannot make PPI complaints, since any redress belongs to the Official Receiver for redistribution to your former creditors.

So it doesn't matter whether you fill in the forms or not, you'll receive nothing. The Claims Company would decline to represent you once it was told you are a bankrupt.

Nasqueron

Moneyineptitude wrote: »

Bankrupts cannot make PPI complaints, since any redress belongs to the Official Receiver for redistribution to your former creditors.

So it doesn't matter whether you fill in the forms or not, you'll receive nothing. The Claims Company would should decline to represent you once it was told you are a bankrupt.

Fixed that for you, we both know that claims companies are unscrupulous enough to or employ people on commission who will sign up anyone regardless. I suspect the more "respectable" (!) firms won't but people on facebook, maybe less so.


OP - yes you have discovered the truth about claims firms, you still have to do all the work, they post the letter. Don't use a claims firm, you won't see a penny anyway due to the bankruptcy. Speak to the OR and see if they have done it yet as you might get lucky and find there was enough PPI to clear your old debts and you get the extra or at least you pay off more of your unpaid debts

-taff

You are not allowed to complain about any PPI sold to you prior to your bankruptcy. That right resides with the OR.

johnbarry30

Thanks :T for the reply's, so when I recieve the forms I shouldn't sign and not send back.
Then just leave it at that:)

-taff

When you receive the forms, throw them in the recycling.

[Deleted User]

Nasqueron wrote: »

we both know that claims companies are unscrupulous enough to or employ people on commission who will sign up anyone regardless.

Claims firms are not allowed to sign up anyone who is bankrupt or who might otherwise have enough unpaid debt to mean that any set off would leave them out-of-pocket if they had to pay a Claim Company fee without being awarded anything.
As a result, any claim firm "unscrupulous" enough to ignore these rules would find that the contract was null & void, therefore ensuring their fee would not be paid.

So no real need to "fix" my post.

Nasqueron wrote: »

Speak to the OR and see if they have done it yet as you might get lucky and find there was enough PPI to clear your old debts and you get the extra or at least you pay off more of your unpaid debts

Bankrupts do not "get lucky" with PPI complaints. Any money awarded belongs to the OR. You're confusing people who have IVAs or DROs (who sometimes do get PPI refunds).

Nasqueron

Moneyineptitude wrote: »

Claims firms are not allowed to sign up anyone who is bankrupt or who might otherwise have enough unpaid debt to mean that any set off would leave them out-of-pocket if they had to pay a Claim Company fee without being awarded anything.
As a result, any claim firm "unscrupulous" enough to ignore these rules would find that the contract was null & void, therefore ensuring their fee would not be paid.

So no real need to "fix" my post.


Bankrupts do not "get lucky" with PPI complaints. Any money awarded belongs to the OR. You're confusing people who have IVAs or DROs (who sometimes do get PPI refunds).

Not "allowed" to and not supposed to are different things. Posts on here show the firms clearly do.


If the OR gets a PPI refund and all the OP's debts are paid off, does the OR keep the money?

[Deleted User]

Nasqueron wrote: »

If the OR gets a PPI refund and all the OP's debts are paid off, does the OR keep the money?

Bankrupts are not allowed to complain about PPI. It's a pre bankruptcy asset which is EXTREMELY unlikely to be an amount which will pay off all debt that Bankrupt owed. The OR will redistribute any redress to ALL the former creditors of the Bankruptcy, not just those who mis-sold PPI. The OR does not "keep" the redress.

Again, you are confusing Bankrupts with those on an IVA or DRO.

-taff

Nasqueron wrote: »

If the OR gets a PPI refund and all the OP's debts are paid off, does the OR keep the money?

No, they'll give it to them, but the chances of anyone who has been bankruptyactually paying all that is owed and the fees etc, is bloody slim....

johnbarry30

Thanks -taff I will reycle:)Thanks for the continued suggestion/s:beer: