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

[pompeyfaith]

Re: Latest updates on PPI Judicial Review and claims on hold

Is akin to a fox hunting the rabbit and robbery of the highest order what gets me is the MoJ have aloud it to happen for too long and has cost them more than need be instead of nipping it in the bud early on.

Consumer protection needs a massive long overdue overhaul.

PF

[marshallka]

Re: Latest updates on PPI Judicial Review and claims on hold

It's high time the bankers came back to planet Earth


http://www.telegraph.co.uk/finance/p...net-Earth.html

[NLP]

Re: Latest updates on PPI Judicial Review and claims on hold

Is akin to a fox hunting the rabbit and robbery of the highest order what gets me is the MoJ have aloud it to happen for too long and has cost them more than need be instead of nipping it in the bud early on.

Consumer protection needs a massive long overdue overhaul.

PF

If the FSA don't go ahead with what i have been informed they will do, which is bascially legal action against the banks forcing them to deal with complaints not affected by the JR, then we are stuck as the consumer.. are we not?

So if in that instance a solictor pops up and works on a no win no fee basis, to take action legally to reclaims ppi, which i am told is very viable... then what is the issue here?

Surely that is good for us? no?

They give us 100% of the refund, charge not a penny upfront, and make their money by reclaiming costs from the banks

I think its bloody marvellous as the banks get hit HARDER!

Refunds and legal costs LOVE IT

[marshallka]

Re: Latest updates on PPI Judicial Review and claims on hold

If the FSA don't go ahead with what i have been informed they will do, which is bascially legal action against the banks forcing them to deal with complaints not affected by the JR, then we are stuck as the consumer.. are we not?

So if in that instance a solictor pops up and works on a no win no fee basis, to take action legally to reclaims ppi, which i am told is very viable... then what is the issue here?

Surely that is good for us? no?

They give us 100% of the refund, charge not a penny upfront, and make their money by reclaiming costs from the banks

I think its bloody marvellous as the banks get hit HARDER!

Refunds and legal costs LOVE IT

Because half these so called solicitors (seen it all before on MSE) are just leeches out to get people signed up to something that they CAN do for themselves and then taking half their money for the pleasure. They are just cashing in on it.

What can they do that the FSA and their legal team cannot? I think by signing up to a solicitor then you are actually giving in and nothing will ever change. It is the job of the FSA to do something, not the consumer. WHy should the consumer take risks as thats what I see it as.

It needs MASS complaints into the FSA etc regarding them not doing their job and allowing a bank to "tell" them what to do.

[NLP]

Re: Latest updates on PPI Judicial Review and claims on hold

Because half these so called solicitors (seen it all before on MSE) are just leeches out to get people signed up to something that they CAN do for themselves and then taking half their money for the pleasure. They are just cashing in on it.

What can they do that the FSA and their legal team cannot? I think by signing up to a solicitor then you are actually giving in and nothing will ever change. It is the job of the FSA to do something, not the consumer. WHy should the consumer take risks as thats what I see it as.

It needs MASS complaints into the FSA etc regarding them not doing their job and allowing a bank to "tell" them what to do.

Of course you are correct, so lets see what if any action the FSA will take, because i have it on VERY high authority that they have HUGE HUGE leverage to force the banks to unhold claims... but will they? or are they in on it? this will be 100% proof one way or another.

So.. if the FSA are in on the scam against consumers.. and private solicitors can take the action... should they be stopped from helping us?

[ncf355]

Re: Latest updates on PPI Judicial Review and claims on hold

Hmm

Think the article should actually be

"It's high time the bankers WERE BROUGHT back to planet earth"

[stevokenevo]

Re: Latest updates on PPI Judicial Review and claims on hold

You are simply kidding yourself that anyone would migrate to Santander - the worst bank in the UK - on a point of principle. And this site would be delinquent in it's responsibilities to it's members in encouraging it.

haha just noticed this, i moved from LTSB after 18 years to santander in july this year, so far so good

[ncf355]

Re: Latest updates on PPI Judicial Review and claims on hold

Because half these so called solicitors (seen it all before on MSE) are just leeches out to get people signed up to something that they CAN do for themselves and then taking half their money for the pleasure. They are just cashing in on it.

What can they do that the FSA and their legal team cannot? I think by signing up to a solicitor then you are actually giving in and nothing will ever change. It is the job of the FSA to do something, not the consumer. WHy should the consumer take risks as thats what I see it as.

It needs MASS complaints into the FSA etc regarding them not doing their job and allowing a bank to "tell" them what to do.

I think in this argument though you need to differentiate between people that are being screwed by a CMC and those that know it can be done and just cant be arsed

My own brother is case in point, he's not THAT well off but just simply cannot be bothered and views it as money he wouldnt have normally, so 75% of the total is better than the nothing he'd get due to not bothering

In this situation I'd rather see the cash in the combined pckets of the CMC/Consumer than the banks!

[TUTTSI]

Re: Latest updates on PPI Judicial Review and claims on hold

I have yet to come accross one genuine person who has ever received back their mis-sold PPI back through the CMC's. I would not trust them and that is my honest opinion. The safer option is the FOS for those that cannot be arsed.

I think in this argument though you need to differentiate between people that are being screwed by a CMC and those that know it can be done and just cant be arsed

My own brother is case in point, he's not THAT well off but just simply cannot be bothered and views it as money he wouldnt have normally, so 75% of the total is better than the nothing he'd get due to not bothering

In this situation I'd rather see the cash in the combined pckets of the CMC/Consumer than the banks!

[The Debt Star]

Re: Latest updates on PPI Judicial Review and claims on hold

haha just noticed this, i moved from LTSB after 18 years to santander in july this year, so far so good

Yeah? My GF wanted to change the date of her direct debit from the 25th to the 1st of each month because Santander kept charging her £45 for bounced direct debits and recording them with the CRAs. Credit score fell from 900 to like 450 in 3 months becasue of them. Santan*******s only charged her £25 as "an administration charge" for changing the DD collection date. No time for them at all. Sorry mate, but I'll think you'll find you've made a bad call long-term.

[leclerc]

Re: Latest updates on PPI Judicial Review and claims on hold

If the FSA don't go ahead with what i have been informed they will do, which is bascially legal action against the banks forcing them to deal with complaints not affected by the JR, then we are stuck as the consumer.. are we not?
How can the FSA legally force the banks to deal with complaints since regulations are not legally enforceable as such.
So if in that instance a solictor pops up and works on a no win no fee basis, to take action legally to reclaims ppi, which i am told is very viable... then what is the issue here?
A solicitor COULD do that based on the principle of law which does me to kinda open another can up here. What legal case law deals with PPI?
Surely that is good for us? no?

They give us 100% of the refund, charge not a penny upfront, and make their money by reclaiming costs from the banks

I think its bloody marvellous as the banks get hit HARDER!

Refunds and legal costs LOVE IT

I have to say that from the forums the difficulty with any CMC/private solicitor is that someone has to get paid which means someone doesn't get the full amount that they have been missold.
I think we have to wait and see if the FSA will look to enforce legally something that isn't as such a law but financial regulation....

[NLP]

Re: Latest updates on PPI Judicial Review and claims on hold

haha just noticed this, i moved from LTSB after 18 years to santander in july this year, so far so good

nice one

[leclerc]

Re: Latest updates on PPI Judicial Review and claims on hold

Yeah? My GF wanted to change the date of her direct debit from the 25th to the 1st of each month because Santander kept charging her £45 for bounced direct debits and recording them with the CRAs. Credit score fell from 900 to like 450 in 3 months becasue of them. Santan*******s only charged her £25 as "an administration charge" for changing the DD collection date. No time for them at all. Sorry mate, but I'll think you'll find you've made a bad call long-term.

Was the DD the mortgage with them or a loan?

[NLP]

Re: Latest updates on PPI Judicial Review and claims on hold

I have to say that from the forums the difficulty with any CMC/private solicitor is that someone has to get paid which means someone doesn't get the full amount that they have been missold.
I think we have to wait and see if the FSA will look to enforce legally something that isn't as such a law but financial regulation....

I have a feeling a point is being missed by all the anti-cmc/sols mob.

A CMC does have to be paid somehow.. but a solicitor can recover costs from the losing party, therefore, the consumer does not suffer a penny!

e.g I have a 4K claims with Lloyds, my solicitors fund my case (meaning i have not paid one single penny to them) and take action against Lloyds through the court system. Lloyds bottle it, as the norm, and settle out of court.

They pay me my 4K in full

They pay the sols his X amount in legal fees/costs

Me the consumer, paid 0 upfront and got 100% of the refund.

[Amethyst]

Re: Latest updates on PPI Judicial Review and claims on hold

A lot of the less respectable CMCs don't want to use the court system, it costs them money upfront in court fees, plus is a lot more effort, and many don't even have solicitors they can use, a FOS form is free and with an 81% uphold rate gives a nice rate of return for very little outlay, no risk, and a nice upfront fee ANDd backend fee from the customer.

Which is your CMC/Solicitors then NLP ? I presume they are a 'PPI specialist' ?