📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Plevin claim via Cheval

Options
My husband successfully received PPI back for an old loan and the company recommended using Cheval for a plevin claim. He thought he would give it a try and signed the paperwork and left it. He has since received an email from them to tell him they have been successful and that he has received a sum of £1550. He then got a separate letter asking for his details for the payment which is £60! They have listed loads of different non specific fees and taken over 95% of the amount! Surely this cannot be legal?! 

Comments

  • What did the agreement he signed state?
  • Miss-sold PPI
    Miss-sold using a claims firm
    Miss-sold using a claims firm again for Plevin

    Maybe your husband should stop signing up for things and take a breath before taking any more decisions lest he ends up on even more suckers lists.
  • dunstonh
    dunstonh Posts: 119,722 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
     and the company recommended using Cheval for a plevin claim. 

    Did he default on the payment or get into arrears?   Lenders never recommend a claims company. However, some debt management firms do use them.

    He then got a separate letter asking for his details for the payment which is £60! They have listed loads of different non specific fees and taken over 95% of the amount! Surely this cannot be legal?! 

    The firm is allowed to set the redress against the unpaid debt.   So, whilst the figure may have been £1550, after the debt is paid and the CMC, then he gets what is leftover.


    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.1K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.