PPI Reclaim general question

squeak24

Just sending a PPI refund request to Swinton who were fined by the FSA. I am just reading the template on this site, at the end it states:

[FONT=Arial, sans-serif]As I believe I have been deprived of this money I also expect 8% statutory interest, the amount a court would award, to be added to each payment made.

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[FONT=Arial, sans-serif]Does this mean that if the PPI was paid over the course of a loan or the insurance they will add 8% on each payment, or is the 8% overall. Hope this makes sense!
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di3004

squeak24 wrote: »

Just sending a PPI refund request to Swinton who were fined by the FSA. I am just reading the template on this site, at the end it states:

[/FONT]


[FONT=Arial, sans-serif]Does this mean that if the PPI was paid over the course of a loan or the insurance they will add 8% on each payment, or is the 8% overall. Hope this makes sense![/FONT]

Hi there

Good luck with this and bumping up for you, as this I believe can vary depending on the company...I think.

Fingers crossed for you.;)

squeak24

Thank you, will wait to see what the outcome is.

Many thanks