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Lloyds PPI
Then found on here that you should look into it yourself
Now ive got a couple of forms from Llooyds to complete, referencing about 6 or 7 account numbers (I'm guessing loans). If i return it and go through them directly, will that cut out the middle man who charges 20% to do the work? Or am i tied to 'Credit Hero' or whatever they are called now?
Comments
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It depends if you gave them a signed letter of authority with a wet signature (digital alone is generally not accepted), if so then yes you need to pay, else you don't have a contract with them but they'll probably try and charge you something given they know you had accounts that may have had PPI on them
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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Thanks Nasqueron, Im not even sure if i did have PPI, so ill just let them get on with it then and see. Cant imagine it being a lot (if anything)0
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PPI + interest (8% a year) plus anything else like a refund of interest you paid on the PPI will soon add up if you had it. 20% of that refund for them posting a letter is not good value. I'd try and ensure they were not holding a contract
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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PPI + interest (8% a year) plus anything else like a refund of interest you paid on the PPI will soon add up if you had it. 20% of that refund for them posting a letter is not good value. I'd try and ensure they were not holding a contract
Ahhh OK, il ltry and find the paperwork. If i cant find it, can they supply me a copy? (House is upside down at present due to renovation work)0 -
britishboy wrote: »Ahhh OK, il ltry and find the paperwork. If i cant find it, can they supply me a copy? (House is upside down at present due to renovation work)
You can ask them for the copy and see, if they ignore it, send them a DSAR for a copy of all the data they hold on you which they legally have to respond to.Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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Sounds like you have already signed a contract with the Claims company agreeing for them to represent you. This is not something you can simply withdraw from at a later stage I'm afraid.britishboy wrote: »i clicked on an advert for a PPI reclaim place to look into my Lloyds bank loans from 20 years ago. Signed a form and sent it back
As above, you can write to the Claim firm asking them to provide details of what you have signed, but this is only likely to confirm that you have already agreed to a legally-binding contract.0
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