PCP claim with 2 companies

Paulgee_66

Some time ago, I had mistakenly signed up with 2 companies (Claims Guys Legal and Charterhouse Claims) out of hope rather than expectation,  to look at various PCP agreements I historically had. VWFS, who I had the previous finance agreements with, have contacted me to advise that Charterhouse have contacted them and they note I have another open complaint with Claims Guys Legal and I have  to contact one the claims companies to cancel. 

I’m just wondering if anyone has any advice on this? Will I be charged by any of them? 

Bit annoyed at myself for being too hasty and agreeing to sign up! 

Any help/advice appreciated. 

Isthisforreal99

Well, should your claim be successful then both will want their cut and if you cancel one now what do the T&C's say about costs?

dunstonh

I’m just wondering if anyone has any advice on this? Will I be charged by any of them? 

You will be charged by both.   The amount of redress paid won't be affected whether you have zero claims companies or 10 or anything in between.     You will pay x% plus VAT on whatever redress is paid to each company.

So, if your agreed terms were say 40% plus VAT with both companies and the redress payment is £1,000, you will get £1,000 but will need to pay the claims companies £480 each, which equals £960, leaving you with £40.

Bit annoyed at myself for being too hasty and agreeing to sign up! 

Indeed.  Using a claims company for a free-of-charge process that takes a few minutes at most to do is a bit careless.  Using two......