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Fee to ppi claims company
Steve_153
Posts: 2 Newbie
I believe that all my cases were closed 2.5 years ago for ppi by the claims company!
However one of the companies that was investigated has now admitted to have been wrong in their decision and now sent a compensation fee directly to me.
Do I or still have an obligation to pay the fee to the ppi claims company that originally investigated the claim even after the case was closed??
However one of the companies that was investigated has now admitted to have been wrong in their decision and now sent a compensation fee directly to me.
Do I or still have an obligation to pay the fee to the ppi claims company that originally investigated the claim even after the case was closed??
0
Comments
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Yep.
If that's what their terms and conditions expressedEx forum ambassador
Long term forum member0 -
Do I or still have an obligation to pay the fee to the ppi claims company that originally investigated the claim even after the case was closed??
No. none whatsoever. The MoJ made it clear to CMCs that they should not bill against later refunds after they have closed the case. Indeed, the MoJ said it could be fraudulent to do so.
That said, as you would expect with CMCs, a number do try it on. But you must not pay it.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.0 -
Many Thanks for your answer.
Is there a link that shows the Moj report that NO payment be should PAID out to CMC's after the case was closed by themselves.0 -
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/342291/Claims-management-regulation-business-bulletin-Aug-2014.pdf
page 2 - additional client fees.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.0
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