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Egg, ppi reclaiming.

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riggy0904
riggy0904 Posts: 8 Forumite
in Reclaim PPI & other insurance
After a long 4 month battle tring to reclaim the PPI on my Egg Loan, I have finally got Egg to admit they were wrong and offer £250ish. The loan was passed to a collection agency years ago and is now paid off, however Egg now say that I can only have £40, as they 'held back' £200 of the original debt!!?? So why would they have held back £200 of the debt for over 7 years and not ever contact me about this? I am very confused and am seeking advice as to what to do next?:confused:

Comments

  • petermb_2
    petermb_2 Posts: 1,565 Forumite
    How much was the loan for? How much was the ppi? was it a single premium?
    It sounds as though they are making a nominal derisory offer hoping you will go away.
    I would now sarn them for statements and a copy of the agreement.
    I am a former Broker, former IFA and former compliance officer, for my sins.

    However, I have since seen the light.
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