Should I pay upfront fee to Claim missold PPI over 8 years old

[Thefull15]

Ford Finance tell me that they have no record of PPI payments

because the account was paid off more than 6 years ago.

 

 

However a CMC tell me that for an upfront fee of £70 per claim they can get access to this information

without any paperwork or account numbers.

 

They call this fee a deposit which will be refunded on completion and suggest payment by credit card.

 

They then charge 25% of any subsequent compensation.

 

Any advice would be appreciated

Edited March 31, 2016 by dx100uk
name of CMC removed to stop publicity

[dx100uk]

why pay a fleecing CMC

do it yourself for free

 

 

we can help

 

 

dx

[AndyOrch]

Hi Thefull and Welcome to CAG....

 

The clue is in the following....

 

"They call this fee a deposit which will be refunded on completion and suggest payment by credit card.

 

They then charge 25% of any subsequent compensation."

 

Once they have your card number...whether they are successful or not...wave goodbye to your " deposit " and possibly more.

 

Andy

[BankFodder]

You could test them by calling them and telling that you have no CC but you can pay them by postal order instead, - will they accept that???

 

But anyway, you can do it yourself. for free

[Thefull15]

Thanks very much for your help. I have tried to do it myself but when I asked Ford Credit for the account history they tell me that they have no records over 6 years old. What's my next step?

[mikeymack2002]

Have a read at the other threads similar to yours. The answers are there for you to read. Some history to the debts would help start the ball rolling!

[Conniff]

If they genuinely have no record, then no other person can get them either, so you would pay your £70 and probably hear nothing further except 'sorry you can't have a refund as that was an admin charge.'

 

Send them an SAR, they must legally respond to it.

[Fedupandfightingback]

Do you have any statements lurking around or a copy of the original agreement ?

 

 

IMHO, a Subject Access Request would be a much better route to take and it will only cost you £10.00 + postage ?