Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

[Bill-K]

Re: Latest updates on PPI No Appeal more to follow soon

I can't agree with this Bill. Dealing with a CMC requires at least a minimal amount of work in itself. You either have to deal with the bank or deal with the CMC. The difference is that banks are (at least now) are heavily regulated and obliged to deal with your claim promptly and fairly whereas CMCs are not.

The banks have been (albeit arguably) heavily regulated for a lot longer than we have been here in these forums - and yet we have found it necessary to create these forums. I'm not sure that I now consider them to have swopped their stetsons for white ones, yet !!!
So - my point is that I feel there is a place for CMC's, if there is a place for forums - and indeed the FSA/FOS et al. My gut reaction concurs with yours - and Tuttsi's, in that I thoroughly detest the CMC's that rip off people who have already been ripped off by the heavily regulated banks. What I am trying to say is that I feel that there IS a place for a CMC - in principle.
The difficult bit is to use the terms 'CMC' and 'principle' within the same sentence convincingly - and in that respect I concede defeat !!!
In the same way that there MAY WELL BE half-decent timeshare sellers, I believe there may be half-decent CMC's. Finding these agents will probably take as much effort as doing the job ourselves, I agree, and indeed there may be little use for them. But there WILL be people who just want to chuck all their paperwork at a guy and say "Here - sort this out for me. There's a few quid in it for you, if you can."
We're not all the same, and some peeps just do NOT want to do all the reading up, etc., that is required. I KNOW this from experience - even when the reading up is pretty minimal.
But - I sure want to make it clear that I thoroughly detest what seems to be 99+% of CMC's - who are clearly rip-off merchants - just as much as I detest 99+% of banks for the same reason - regulated or not. There is still a place for decency - and a reason for decent creatures to exist - even if we can't think of that reason immediately.

[pompeyfaith]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

PF - dont think anyone ever answered your question, Tesco are RBS

(sorry for delay been busy this weekend!...)

Thank you Paul I did find out after this is a busy thread so some posts will go a miss thank you anyway.

[Paul210]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

PF - dont think anyone ever answered your question, Tesco are RBS

(sorry for delay been busy this weekend!...)

[Dukeydogg]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

I have to say that i am not lazy, nor lacking in brain power, but for a humble office worker, dealing with claims, redress and national banks can be a daunting prospect.

If i had found this website before putting my claim into a CMC then perhaps i wouldnt have. However, i did..........and now thats the route i have no alternative but to go down. The CMC are regulated by the MOJ and are charging me 10% (no win, no fee). Which from my initial research isnt too bad.

So please stop scaring people (i.e. me)!! Im nervous enough already!!! :behindsofa:

[Footynut]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

Cracking, cracking news!! Happy Days !!

[EXC]

Re: Latest updates on PPI No Appeal more to follow soon

There are those who really cannot be bothered to do even the minimal amount of work that is needed to reclaim their PPI, and in their case, I feel that a CMC might be the best option.

I can't agree with this Bill. Dealing with a CMC requires at least a minimal amount of work in itself. You either have to deal with the bank or deal with the CMC. The difference is that banks are (at least now) are heavily regulated and obliged to deal with your claim promptly and fairly whereas CMCs are not.

[pompeyfaith]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

All this money rightfully being refunded to its owners could give the economy a boost which cant be a bad thing.

[pompeyfaith]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

One thing is for certain the BBA is in need of a complete overhaul as it is out of touch with 21st century society and if they cannot change how can the banks.

Sack the whole board and start afresh

[Bill-K]

Re: Latest updates on PPI No Appeal more to follow soon

I'm with you in principle, Tuttsi, but...

...the banks and the BBA are saying there is absolutely no need to use a CMC...

...I don't think we should take what the banks and the BBA say as truth, any more than it is 'principled.' They themselves have surely proved this point.
What I guess I'm saying is that - if one does REALLY need to use a CMC, then one is either very short of time or brain-power. Some of us may fall into that category, and prefer to use a CMC.
I would dearly love to see a list of DECENT CMC's made available for those poor souls who really feel they have to use one - those poor souls that ncf has mentioned, for example.

[Garlok]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

As I have said on several occasions, there is no need to use CMCs at ALL. In fact the fees charged are very much more than using a proper professional lawyer to handle these matters if you really feel that they are beyond your own capabilities.

The only good thing that has come out of CMCs for our cases was the incessant cold calling gave us the incentive to look properly at our own somewhat desperate situation by looking around the net at various forums and then on medical advice seeking the help of professionals which we did. AND were pleasantly surprised at the level of help and the low level of fees charged. Reputable lawyers have no need to rip you off.

regards
Garlok

[EXC]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

It's not Angela knight who'll take the flack for this but the loathsome Eric Leenders who was the driving force behind the BBA's Judicial Review action and who's name appeared all over the paperwork of the BBA's initial claim.

The BBA lists their 2 principle functions as:

''Influencing decision makers and Promoting and defending the industry''

In both these regards they have not only failed utterly but Leenders has managed to achieve completely the reverse. To say he has made a complete pig's ear of it would be being unreasonably generous.

[pompeyfaith]

Re: Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

Tuttsi agreed, but unfortunetly we cannot educate everyone and those errors will still happen what we need to do is get what we are saying to the top of the internet search engine and maybe put the media straight on this point then maybe we have a fighting chance.

The Banks can also minimise this by using TV just like the CMC's do

Re: Latest updates on PPI No Appeal more to follow soon

Bill the situation now is that the banks and the BBA are saying there is absolutely no need to use a CMC, there is a form to complete and then they will deal with the PPI claim refund.

Certainly if you do use a CMC you do at your peril and certainly do not use one with upfront fees. They would still have to fill out a form and sign some T&C's and loose say 25-30% of there money - why would anyone do that when the banks form just has to be completed. The CMC cannot do the job any faster imho.

There are those who really cannot be bothered to do even the minimal amount of work that is needed to reclaim their PPI, and in their case, I feel that a CMC might be the best option. To the rest of us that have at least a minimal amount of brain-power and/or spare time, then I agree, Tuttsi.

A CMC should be the LAST resort, and NOT the first option. And if the last resort is opted for, then it may indeed require more than a minimal amount of brain-power and spare time to find at least a half-decent CMC, anyway !!!

My search is still in progress....

[ncf355]

Re: Latest updates on PPI No Appeal more to follow soon

There are those who really cannot be bothered to do even the minimal amount of work that is needed to reclaim their PPI, and in their case, I feel that a CMC might be the best option. To the rest of us that have at least a minimal amount of brain-power and/or spare time, then I agree, Tuttsi.

My search is still in progress....

This is very true

Several people at my workplace have taken the CMC route, literally cannot be bothered to do it themselves, despite my comments on how easy it can be

e.g: minimal effort+time=£££'s

[andrew1]

Re: Latest updates on PPI No Appeal more to follow soon

Get in!

No appeal

Oh yes, victory for once!

BBC NEWS LINK




ETA: Sorry, really must refresh more often!

Thank God for that ( and a few hundred thousand forum visitors! )