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  • FIRST POST
    • Nickyhumphrey
    • By Nickyhumphrey 10th Apr 18, 8:59 AM
    • 3Posts
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    Nickyhumphrey
    Is it too late??
    • #1
    • 10th Apr 18, 8:59 AM
    Is it too late?? 10th Apr 18 at 8:59 AM
    I recently agreed for a firm to check PPI on my behalf - I gave them all my details and signed the forms etc... I never thought I had paid PPI but low and behold they tell me i have a claim!

    Now.. is it too late for me to go off and claim this money by myself and avoid paying the firm? Or am I tied in to them having signed their agreements? Help!!!
Page 1
    • Nasqueron
    • By Nasqueron 10th Apr 18, 10:05 AM
    • 4,262 Posts
    • 2,491 Thanks
    Nasqueron
    • #2
    • 10th Apr 18, 10:05 AM
    • #2
    • 10th Apr 18, 10:05 AM
    I recently agreed for a firm to check PPI on my behalf - I gave them all my details and signed the forms etc... I never thought I had paid PPI but low and behold they tell me i have a claim!

    Now.. is it too late for me to go off and claim this money by myself and avoid paying the firm? Or am I tied in to them having signed their agreements? Help!!!
    Originally posted by Nickyhumphrey
    If you signed their agreements and they know you have PPI I doubt they will let you off the contract
    • Nickyhumphrey
    • By Nickyhumphrey 10th Apr 18, 10:36 AM
    • 3 Posts
    • 0 Thanks
    Nickyhumphrey
    • #3
    • 10th Apr 18, 10:36 AM
    • #3
    • 10th Apr 18, 10:36 AM
    Thatís what I thought. But what if I just ignored their calls.. would they still process the claim and keep all of the money?!
    • societys child
    • By societys child 10th Apr 18, 10:43 AM
    • 5,187 Posts
    • 5,717 Thanks
    societys child
    • #4
    • 10th Apr 18, 10:43 AM
    • #4
    • 10th Apr 18, 10:43 AM
    If you signed a contract with the CMC and they are now acting on your behalf, then any recompense they obtain for you, will be sent, by the bank, to you. The CMC will be informed of the payment, and will send you their bill.

    Note that one thing the CMCs are very good at, is extracting their pound of flesh. They wont let you off the hook!

    • dunstonh
    • By dunstonh 10th Apr 18, 11:11 AM
    • 92,131 Posts
    • 59,286 Thanks
    dunstonh
    • #5
    • 10th Apr 18, 11:11 AM
    • #5
    • 10th Apr 18, 11:11 AM
    If you entered into a contract then they would pursue you for money owed. Using the courts if necessary.

    This is jumping the gun though. All the CMC has done is found you have a PPI policy. Not whether it was missold or not.
    Last edited by dunstonh; 10-04-2018 at 3:46 PM.
    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.
    • Nickyhumphrey
    • By Nickyhumphrey 10th Apr 18, 2:56 PM
    • 3 Posts
    • 0 Thanks
    Nickyhumphrey
    • #6
    • 10th Apr 18, 2:56 PM
    • #6
    • 10th Apr 18, 2:56 PM
    Thanks everyone. I have dug the papers out and it seems I am def tied in and they will get money out of me one way or another!
    • Moneyineptitude
    • By Moneyineptitude 10th Apr 18, 11:47 PM
    • 19,997 Posts
    • 10,977 Thanks
    Moneyineptitude
    • #7
    • 10th Apr 18, 11:47 PM
    • #7
    • 10th Apr 18, 11:47 PM
    Thanks everyone. I have dug the papers out and it seems I am def tied in and they will get money out of me one way or another!
    Originally posted by Nickyhumphrey
    Only if your complaint is successful, of course...
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