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    • RussellCollinsArt
    • By RussellCollinsArt 3rd Oct 17, 11:47 AM
    • 1Posts
    • 0Thanks
    RussellCollinsArt
    PPI Insurance Premiums
    • #1
    • 3rd Oct 17, 11:47 AM
    PPI Insurance Premiums 3rd Oct 17 at 11:47 AM
    Does anyone have any idea please, about how much you could be charged for PPI. Was it so much per month per £1,000 borrowed? I took a couple of loans out from 1995 to 2005 and it appears I was mis-sold PPI. I want to get a rough idea about how much I might be entitled to.

    Many thanks

    Russell
Page 1
    • amersall
    • By amersall 3rd Oct 17, 12:38 PM
    • 15,184 Posts
    • 18,763 Thanks
    amersall
    • #2
    • 3rd Oct 17, 12:38 PM
    • #2
    • 3rd Oct 17, 12:38 PM
    It depends, if you receive redress you get back the PPI that you actually paid and the interest on that, plus, the 8% from the start date of the loan until you get the payment.

    It is not the same for all loans, without knowing what the PPI was and the term, no one can tell you.
    Another factor will be if you settled a loan early, you would have got a rebate of the PPI and they will take this from any redress you may receive.

    • dunstonh
    • By dunstonh 3rd Oct 17, 1:40 PM
    • 89,930 Posts
    • 56,605 Thanks
    dunstonh
    • #3
    • 3rd Oct 17, 1:40 PM
    • #3
    • 3rd Oct 17, 1:40 PM
    Does anyone have any idea please, about how much you could be charged for PPI. Was it so much per month per £1,000 borrowed?
    The price varied over the years. Tended to be cheaper in good economic times and more expensive in poor economic times.

    There is absolutely no way of knowing what amount of PPI you may or may not have paid unless you have the statements showing the actual amount. It is also best not to jump the gun and look at potential payouts when you havent even submitted the complaint yet. You are not entitled to anything until the complaint is successful.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • Moneyineptitude
    • By Moneyineptitude 3rd Oct 17, 11:46 PM
    • 18,906 Posts
    • 10,122 Thanks
    Moneyineptitude
    • #4
    • 3rd Oct 17, 11:46 PM
    • #4
    • 3rd Oct 17, 11:46 PM
    I want to get a rough idea about how much I might be entitled to.
    Originally posted by RussellCollinsArt
    That's the very definition of "counting your chickens before they've hatched".

    Concentrate on constructing a compelling mis-selling complaint (if you have one).
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