We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 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!

Claim companies

Blackcatuser
Blackcatuser Posts: 1 Newbie
Photogenic
edited 18 August at 9:04AM in Reclaim car finance
Hi.I don't know why but I stupidly signed upto 2 or 3 claim Companies to help me with my car Finance claim. I think I did it as I honestly never thought it would go any further. But now I am getting lots of emails from these companies saying they are making progress with my claim. I have obviously gone past the cooling off period so I am worrying about what to do.Please help me.

Comments

  • soolin
    soolin Posts: 74,294 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    First things first, what paperwork did you sign up to - and what does it say about payable fees if you withdraw from their services? usually if you try and withdraw then they will charge you for work undertaken on your behalf so far, so start with checking that.
    I’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know.. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.
  • Did you sign up with more than one company for the same finance claim?
    35 NS&I
    258 credit union

    Credit card 2250
    Overdraft 190
  • Hi.I don't know why but I stupidly signed upto 2 or 3 claim Companies to help me with my car Finance claim. I think I did it as I honestly never thought it would go any further. But now I am getting lots of emails from these companies saying they are making progress with my claim. I have obviously gone past the cooling off period so I am worrying about what to do.Please help me.
    I am in the same boat, I have requested cancellation invoices from both but one has quoted me over £1,000 already :( I am trying to fight it..
  • MattMattMattUK
    MattMattMattUK Posts: 11,471 Forumite
    10,000 Posts Fourth Anniversary Name Dropper
    Hi.I don't know why but I stupidly signed upto 2 or 3 claim Companies to help me with my car Finance claim. I think I did it as I honestly never thought it would go any further. But now I am getting lots of emails from these companies saying they are making progress with my claim. I have obviously gone past the cooling off period so I am worrying about what to do.Please help me.
    I am in the same boat, I have requested cancellation invoices from both but one has quoted me over £1,000 already :(
    As long as you signed up to three or less then it would just wipe out any compensation that may or may not be paid, far cheaper than any potential cancellation charges.
    Repobot123 said:
    I am trying to fight it..
    There is not really anything to fight, you signed up to contracts, your best best is to wait for the scheme to be formally announced, you may well get nothing and have nothing to pay.
  • Grey_Critic
    Grey_Critic Posts: 1,602 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Combo Breaker
     But now I am getting lots of emails from these companies saying they are making progress with my claim. 
    Considering the whole thing is on hold at present ask them for a written report detailing the  progress they claim to have made
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
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K 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.