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accepting ppi

i have recently had a success with HSBC and they have offered me just over 1400 should i accept this initial offer or ask for more?? they have added 8 percent interest onto my premiums to get to this figure does this seem right? too low??? any comments would be helpfull

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  • di3004
    di3004 Posts: 42,579 Forumite
    i have recently had a success with HSBC and they have offered me just over 1400 should i accept this initial offer or ask for more?? they have added 8 percent interest onto my premiums to get to this figure does this seem right? too low??? any comments would be helpfull


    Hi

    Well done on your success :beer:

    If they upheld your complaint, then you should receive back all you paid of the PPI, plus the relevant interest.
    So if what they offered is what you paid, you will receive that and the interest as they stated.;)

    Hope this helps.
    The one and only "Dizzy Di" :D
  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper Photogenic
    i have recently had a success with HSBC and they have offered me just over 1400 should i accept this initial offer or ask for more?? they have added 8 percent interest onto my premiums to get to this figure does this seem right? too low??? any comments would be helpfull
    The breakdown they sent of their offer will have shown that this was what you paid in PPI plus 8%. This is full redress. You can refuse this offer, but FOS won't award any more.
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