Sainsburys Bank PPI Claim

dilus

POSTED IN SUCCESSES AND FAILURES TO
Yipeeeeeeee
Received a letter today from Bank of Scotland upholding my complaint in full. Repayment of all PPI + interest paid over 7 years @ 6% + 8% standard interest.
It works out to be about £50 more than I had calculated and to be honest I wasn't expecting to get the APR back, but have always had the opinion that you should get it, so that's a bonus

Calculation

Refund of premiums = £4,042.00
Refund of Interest at 6% APR = £ 956.38
Interest at 8%, calculated up until 12 Dec 11 = £1,482.74

TOTAL =£6,481.12

Do not need to send back an acceptance as they are paying by cheque
Complaint submitted 25th August 11, received acknowledgement 3rd Sept 11, they had 16 weeks to decide and it's taken 11 weeks, never had to phone, e mail or pull my hair out
Have to pay tax on 8%

Many, many thanks to Martin and this site that I have been an active member of since August, without which, I wouldn't have had a clue how to go about it.
Special thanks to Di, Amersall, Niggly, Smitchy and Beamerguy for steering me in the right direction you are all stars

dilus

Posted in successes and failures.

CHEQUE RECEIVED

Have received a cheque today from Sainsbury's/BOS for £6,481.12

Submitted complaint 25th August 2011
Received acknowledgement 3rd September 2011
Received uphold letter 18th November 2011 (calculated up to 12th Dec)
Received cheque 2nd December 2011 (20 days before 16 week deadline)

Massive thank you to MSE, Martin, Amersall, Di, Niggly, Beamerguy, Smitchy and cappo. You folks are all stars

Filled in one questionnaire from this site, no phone calls, no e mails, no pulling out of hair. VERY VERY HAPPY

Good luck everyone else