Barclaycard PPI Offer (Through Investor Compensation Claims LLP)

[yoshka123]

About 3 months ago (without doing any research) I contacted investorcompensation.co.uk (in Keighley) regarding missold PPI on my 2 Barclaycards. I did not contact Barclays direct.

Today I received an offer direct from Barclaycard for £247 for one of the cards explaining that if I have utilised a 'representative' to act on behalf of my claim they will not be liable to any charges by another company.

investorcompensation have repeatedly e-mailed me saying that it is imperative that I do not accept any offer from Barclaycard and that I should forward any correspondence from Barclaycard to them. The do admit though that they take 50% of any settlements gained and that I would be in a breach of contract with them if I accept a direct offer from Barclaycard without telling them.

Has anyone else been in the same position or can anybody give me advice? I know that I am at fault for not doing my homework!

Many thanks.

[Turboman]

Re: Barclaycard PPI Offer (Through Investor Compensation Claims LLP)

Wow--50% fee in compensation

Will get di30 & Tuttsi here for you who know about CMC's

Turbs

[TUTTSI]

Re: Barclaycard PPI Offer (Through Investor Compensation Claims LLP)

Basically if you have signed a contract with them and 50% was agreed to then there is not much we can do about that - but I must say that is incredibly a high figure to have agreed to when most CMC's are charging between 25 -30%.

Also, you have two consider if the amount of interest + the payments which they are proposing are correct as again Barclays should provide you with a breakdown of how they reach this figure.

I would also say how easy it would have been to make this claim yourself and 100% of the claim would be yours.

[CleverClogs]

Re: Barclaycard PPI Offer (Through Investor Compensation Claims LLP)

Thank you for having contributed to the economy of Yorkshire.