Percentage

PaulinegG

I went with a company called Allay. They successfully won my redress. £2,703.66 but my concern is the amount they want from that claim. £1,077.89  They are charging me 36% but I heard that by law ppi companies cant charge anymore then 20% 24% including vat. Since July 2018. Is this right please??? 

Dazed_and_C0nfused

When did you sign the agreement for them to post your claim?
Stamps were a lot more expensive before July 2018.
https://www.which.co.uk/news/2019/07/ppi-claims-firm-charges-staggering-39-in-fees/

brettcta

Point of order, they didn’t successfully do anything other than invoice you.

dunstonh

They successfully won my redress. 

Naivety can be sweet at times but not in this case.      

CMCs send a message to the bank/firm saying you want to complain about the sale of PPI. That is basically it.    Some would email little more than your name and address to the banks on a spreadsheet with dozens of others and ask them to investigate. No reasons for complaint given.  That is effectively the extent of most CMCs work.

They are charging me 36% but I heard that by law ppi companies cant charge anymore then 20% 24% including vat. Since July 2018. Is this right please??? 

The date applies to when you entered into the contract.  Only contracts agreed after that date are limited.  

£2,703.66 but my concern is the amount they want from that claim. £1,077.89 

Expensive stamp and envelope.

PaulinegG

Thank you👍 Then maybe they have to have there large chunk of it. 😢😔

PaulinegG

brettcta said:

Point of order, they didn’t successfully do anything other than invoice you.

brettcta said:

Point of order, they didn’t successfully do anything other than invoice you.

Unfortunately yes. Once bitten 😔

PaulinegG

dunstonh said:

They successfully won my redress. 

Naivety can be sweet at times but not in this case.      

CMCs send a message to the bank/firm saying you want to complain about the sale of PPI. That is basically it.    Some would email little more than your name and address to the banks on a spreadsheet with dozens of others and ask them to investigate. No reasons for complaint given.  That is effectively the extent of most CMCs work.

They are charging me 36% but I heard that by law ppi companies cant charge anymore then 20% 24% including vat. Since July 2018. Is this right please??? 

The date applies to when you entered into the contract.  Only contracts agreed after that date are limited.  

£2,703.66 but my concern is the amount they want from that claim. £1,077.89 

Expensive stamp and envelope.

It was only 2019 when they got involved and this was my husband's whom has now sadly passed. The loan company sent out a cheque in his name which had to be returned. They have since sent out the cheque in my name. This company has never been off my back.

dunstonh

Contracts cease on death.    Whilst they could argue they are entitled to their cut of the redress, they need to take that up with the executor of the estate.   If that was not you, you could tell them that you are not the executor of the estate and have no responsibility for the distributions within the estate and that they should take it up with the executor.     But don't tell them who the executor is.