Halifax PPI Payout Query

BullfrogXP

Last year I successfully raised a claim for PPI against 2 loans...
Had a letter dated Nov 18 that i'd get paid with 2 amounts, 1 listed for each loan. With interest calculated to 16 December 2011.
1 cheque turned up within a few days.
The payment against the other loan i've now been chasing for nearly 2 months, to no avail.
However, today I called Hallifax claimline and was told a cheque was raised on 8 February. This has yet to arrive in the post.
On the one hand this is great, on the other i'm annoyed.

The amount of the cheque is for the original total including the interest up to 16 December. so i'm missing 2 months interest.
When i spoke to the rep, they offered me the choice of cancelling the cheque to have interest recalculated, but I said i didn't want to wait another 2-3 months for another cheque.

But assuming the cheque turns up I'm wondering if its worth bothering with the extra 2 months interest or not... so can someone tell me how much i'd be missing out on based on the following figures....

Loan ran September 2002 - Feb 2007.
Refund of premiums: £2028.28
Refund of interest at 9.9%: £562.22
Interest at 8% (calculated to 16 Dec 2011): £1367.17
Excess Balance & Interest: £49.56
Total: £4007.21

The last entry is because i took out a new loan Feb 2007 to refinance existing + other debts.

So... Can anyone advise on
a) how much would 2 extra months get me on tyhr 8% interest
b) is it worth chasing Halifax for this, or taking what i'm offered and leave it at that.
As i've no current debts, its all going into ISA's / other savings.

Thanks in advance...

amersall

The interest is the 8%,the interest for the ppi is in the monthly ppi payments and they have given you this back.

The 8% is on a sliding scale,so as you are nearer the redress payout,this will be less.
If i were you,i would take this cheque and let the 8% go.

Look here
http://www.moneysavingexpert.com/reclaim/bank-charges#step2
go to "how much can you claim" and the bank charge calculator is there,put the ppi monthly amount in from the date of redress they have given you,so that is 2 months worth, and you will see it is not a lot.