Ppi goodwill offer

amersall

scousejay wrote: »

Well the money will help towards my wedding next yr, was a 5 yr loan they offering for. Can I claim against credit card ppi while am on a role!! Ha.
Was a nice surprise I only claimed from seeing Martin in NOTW so glad I get that paper now.
Thanks again.
Jay

Well done :j and you are welcome.
This offer you have now, how long did the loan run for?.

scousejay

The loan ran for 5yrs. Think about £197 a month it was.
Jay

amersall

Hi, do you know how much the actual ppi was and the monthly payment just for this?.

scousejay

No I don't I just phoned them up & complained about ppi, I got no details about loan, should I ask for them.
Jay.

di3004

Hiya

If you no loan agreement, and you have no paperwork at all, if you write a letter, enclose £1 cheque or postal order, and request they send you a copy of the loan agreement by 12 days.
If you have the account number write that down on your letter as well.

For even more documentation on your loan its a matter of paying £10 cheque or postal order, this is called a Subject access request (SAR), they have 40 calendar days to comply.
There is a template letter for this request below, but if you decide to want to request a SAR, tweak the letter to your requirements.
https://forums.moneysavingexpert.com/discussion/1475553

Its optional of course.;)

scousejay

Do you think I could get more money of them? Or should I just accept offer they have given me. The money they have offered has been a very good & welcome bonus to me. I know it's my money but feels Luke a lotto win. Ha.
Jay. :beer:

di3004

Hiya

Do what you feel is right for you is best.;)

Well done though!:beer:

src007

Hello,

It's RBS's standard practice is to refund all the PPI you paid on a loan. However it's their ''policy'' not to include 8% compensation interest.

The 8% interest is what the FOS would award and is over and above what you paid. Had you not been mis-sold the insurance you could have had the money in a high interest savings account.

Di3004 is right about doing whats right for you, as it always depends on your circumstances but if I were in your shoes I'd probably accept. Unless the loan is very old the 8% interest, won't be a massive amount. As well as this success isn't guaranteed at the FOS, so if you continue there is some risk that you'll lose everything (and it could take two years through the FOS if RBS contest the mis-selling).

scousejay

Think am going to accept it. Money would help me out so much.
Thanks again for all the advice. Now am off to spend the money!!
Thanks. Jay.

the_knitting_drummer

scousejay wrote: »

Think am going to accept it. Money would help me out so much.
Thanks again for all the advice. Now am off to spend the money!!
Thanks. Jay.

I wouldn't spend the money just yet, they might take 8 weeks to pay you!

Congrats on your refund though. :T:beer::T