PCP Claims

pacemaker1000

Lots of these at the moment. How legit are they and anyone had success or recommendations for solicitors?
not sure if qualify, but persuaded to go PCP to get discount and refused ability to purchase cash at same price?
also, not informed by dealer of any incentives they got in signing me up.
have all the paperwork where it probably covers them all legally but morally I feel cheated. Paid extortionate amount of interest for amount borrowed and cancelled couple of years into contract. Was paying £350 a month of which £275 was interest!
thanks in advance

[Deleted User]

There doesn't appear to be any wrongdoing from what you describe.

pacemaker1000

Deleted_User said:

There doesn't appear to be any wrongdoing from what you describe.

so what are these claims about?

[Deleted User]

It's about claims companies building sucker lists and generating fees through the compulsory insurance policies. 

pacemaker1000

Deleted_User said:

It's about claims companies building sucker lists and generating fees through the compulsory insurance policies. 

No win no fee at all, so don’t see what’s in it for them other than a successful claim?
I do believe I was misled, but given the small print (which nobody reads) explains everything then it’s just word against word.
unless I’m missing something.
I did sign up to one but cancelled when they wanted to send an actual person to the house to sign documents while they waited!

[Deleted User]

pacemaker1000 said:

Deleted_User said:

It's about claims companies building sucker lists and generating fees through the compulsory insurance policies. 

No win no fee at all, so don’t see what’s in it for them other than a successful claim?

The insurance policies they'll ask you to take out and having secured your details for future mis-selling cases.

There's also still nothing in your post that suggests mis-selling.  But if you ever did find a reason for mis-sale, just post it off yourself to seller. 

dunstonh

If they are using a crowdfunding model, then the more people that sign up, even if they have no chance whatsoever, allows the company to mug more crowdfunders investing in litigation out of their money by saying they have "x" number of cases lined up.  

They can burn both ends of the mugs candle.