PPI refunds

[giveup]

I have a friend who thinks she is entitled to a PPI refund on a couple of credit cards. I have tried to persuade her to write directly to the companies involved,but she is adamant that she wants a third party to do it for her,but where will she find out about a reputable company who will not take her to the cleaners. She knows she will have to pay a third but I personally still think its dodgy.Any Ideas.

[VHG]

You were right to tell her to go direct. She will get the full amount if she does that.

If she goes through a third party they will take their cut.

This is not something your need a solicitor or lawyer to "fight" for, if she goes to the bank direct they will work out how much she is owed and send it to her.

It could not be simpler.

[ladybird49]

You do it and she can pay you ?

[boxtops]

Giveup, it's very much up to the individual. Personally, I have used an agency to do it (we have been offered a deal through work where the company takes 20% instead of the usual 25%). They have recovered PPI for me and I have gladly paid their fees - I don't have time or inclination to faff about chasing up the banks to find out what's happening, I prefer that someone else does that for me. They know the right terminology etc and they keep on the case for me and know when the time is right to take next steps.

I've very happy to let someone do it for me - it's one less thing I have to worry about in my busy life.

No company can "take her to the cleaners" - the fee is a percentage of the amount recovered, and is known in advance. She needs to shop around and not to be beguiled by companies who email or text canvassing for business.

It's not dodgy - it just suits some people better than all the letter-writing and phoning which is involved if you do it yourself. If she wants to do it that way, just let her get on with it. I'm happy doing it that way.

[sandyRoe]

There was a report on local radio about someone who was asked for a fee 'up front'. Companies wanting that should be avoided.

[ladybird49]

I did it for my sister in law , one letter is all it took !

[ruthann58]

go on martin lewis website and print off the forms really simple , my daughter in law recieved nearly £4000 and my sons friend recieved £4700 last week