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goodwill gesture
lexibc
Posts: 12 Forumite
Hi
This is my first post so I’m sorry if I mess it up!
I’ve had a goodwill gesture from my bank for my credit card PPI claim, without admittance of liability. I don’t know whether I should accept it or if its common practice to reject it. They have calculated it as:
a refund of premiums from July 2003 to April 2012 447.50
compound interest on premiums 9.97
gross interest at FOS rate 48.68
less tax 9.74
net interest 38.94
total 496.42
Is this a fair total or should I fight for more as they are not admitting liability? I also thought I had paid more in premiums over 9 years but only have the last 1.5 years of statements, when my spending has also reduced anyway
They cannot find my original credit agreement and I don’t have a copy. Is it their duty to prove they sold me PPI genuinely or is the onus on me to prove it was mis-sold as neither of us have the paperwork?
Do I cut my losses and just accept the goodwill gesture or fight further? If I complain further do I go back to my bank first or straight to the FOS?
Thanks for any help
This is my first post so I’m sorry if I mess it up!
I’ve had a goodwill gesture from my bank for my credit card PPI claim, without admittance of liability. I don’t know whether I should accept it or if its common practice to reject it. They have calculated it as:
a refund of premiums from July 2003 to April 2012 447.50
compound interest on premiums 9.97
gross interest at FOS rate 48.68
less tax 9.74
net interest 38.94
total 496.42
Is this a fair total or should I fight for more as they are not admitting liability? I also thought I had paid more in premiums over 9 years but only have the last 1.5 years of statements, when my spending has also reduced anyway
They cannot find my original credit agreement and I don’t have a copy. Is it their duty to prove they sold me PPI genuinely or is the onus on me to prove it was mis-sold as neither of us have the paperwork?
Do I cut my losses and just accept the goodwill gesture or fight further? If I complain further do I go back to my bank first or straight to the FOS?
Thanks for any help
0
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