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  • FIRST POST
    • srcandas
    • By srcandas 12th Feb 18, 9:56 AM
    • 1,202Posts
    • 626Thanks
    srcandas
    Received a cheque fron Egg but used Claims Guys
    • #1
    • 12th Feb 18, 9:56 AM
    Received a cheque fron Egg but used Claims Guys 12th Feb 18 at 9:56 AM
    Hi folks. Just a quicky. I used claim guys to check my PPI as I don't have the time myself, had very disjointed info, and many potentials although I could not recall any PPI.

    Claims Guys did a great job insisting on trying many suppliers I had no idea about.

    Anyway I received a cheque from Canada Square Operations a few days ago. I haven't heard from Claims guys again. Can I assume they have their commission or will I get a demand from them at some point? I had assumed they wouldn't risk letting their cut go through the client.

    Just don't want any surprises. If anyone knows I'd be very grateful.
    I believe past performance is a good guide to future performance
Page 1
    • zx81
    • By zx81 12th Feb 18, 10:02 AM
    • 17,284 Posts
    • 18,395 Thanks
    zx81
    • #2
    • 12th Feb 18, 10:02 AM
    • #2
    • 12th Feb 18, 10:02 AM
    No - you'll need to pay them out of the proceeds.
    • srcandas
    • By srcandas 12th Feb 18, 10:37 AM
    • 1,202 Posts
    • 626 Thanks
    srcandas
    • #3
    • 12th Feb 18, 10:37 AM
    • #3
    • 12th Feb 18, 10:37 AM
    No - you'll need to pay them out of the proceeds.
    Originally posted by zx81
    Thanks zx81. I thought so as they didn't mention giving anything to Claims guys but a bit odd CG seem a bit slow.

    Anyway 700 pounds out the blue will be very useful.
    I believe past performance is a good guide to future performance
    • dunstonh
    • By dunstonh 12th Feb 18, 11:01 AM
    • 93,038 Posts
    • 60,430 Thanks
    dunstonh
    • #4
    • 12th Feb 18, 11:01 AM
    • #4
    • 12th Feb 18, 11:01 AM
    You employ the claim company and you pay them. Most firms will not send the money to the claims company as the claims companies do not operate client accounts and do not have ringfencing.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • takman
    • By takman 13th Feb 18, 8:54 AM
    • 3,397 Posts
    • 2,998 Thanks
    takman
    • #5
    • 13th Feb 18, 8:54 AM
    • #5
    • 13th Feb 18, 8:54 AM
    Hi folks. Just a quicky. I used claim guys to check my PPI as I don't have the time myself, had very disjointed info, and many potentials although I could not recall any PPI.
    Originally posted by srcandas
    It takes the same amount of time to send a letter/fill out an online form to the claims guys as it does to send to the lenders directly. So you haven't saved any time and now have to pay a large chunk of it to them for them simply forwarding the information you sent them.

    Also i never believe the excuse "i don't have the time" lets say it takes you 30 minutes to contact all lenders by online forms and sending letters. Do you really not have 30 minutes to spare ever? Do you never watch TV, read a book or do some other leisure activity for 30 minutes?.
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