BOS - Mastercard

KIMY

Hi Robbedformoney below is what they have just stated in there offer letter l have all monthly statements interest applied monthly but on balance outstanding,overlimit charges & late payments etc. PPI premiums varied on balance and charged at £78p per £100
Really dont understand surely l know my husband got in debt with this card but if they state they put us back in position we would been without PPI this surely means not only money paid put interest.
Please advise

robbedofmymoney

KIMY wrote: »

Hi Robbedformoney below is what they have just stated in there offer letter l have all monthly statements interest applied monthly but on balance outstanding,overlimit charges & late payments etc. PPI premiums varied on balance and charged at £78p per £100
Really dont understand surely l know my husband got in debt with this card but if they state they put us back in position we would been without PPI this surely means not only money paid put interest.
Please advise

i'm not sure what the statement about cost of ppi has got to do witht he interest that would have been charged on it.

your options are to ask them to send you a full breakdown of the interest applied to the ppi premiums so you can have it checked, then accept it, or if you do not agrre you go to the FOS, if you go to the FOS it would delay any repayment by up to 1 year, so its a decision you need ot make.

KIMY

Many thanks