rbs loan and ppi

mikehobbs

hello, rbs have just paid me within 3 days of accepting their offer on my ppi, as it was in a loan chain they have give me 3 lots, totalling around 5k, and currently have a loan with them for 5.2k so was gunna clear it, now the payments they sent today are without the interest, anyone else had this? and know when they stump up the interest?

DCFC79

Cant speak for rbs but the ppi claim i recently made was paid plus interest and came as 1 cheque so i would have thought rbs would do the same.

mikehobbs

cheers, i thought that too, but the payments in my account today have been without it prob done it so i cant pay the loan off n they can earn the interest

bargainbetty

mikehobbs wrote: »

hello, rbs have just paid me within 3 days of accepting their offer on my ppi,

now the payments they sent today are without the interest, anyone else had this? and know when they stump up the interest?

You accepted their offer - why would they add more now? You should have asked for the interest to be repaid too, rather than accepting the offer.

You can ask for more, but there is a strong possibility that they will consider your claims closed because you accepted the settlement payment. Worth the cost of a letter, possibly, but not much more.

Good luck

DCFC79

bargainbetty wrote: »

You accepted their offer - why would they add more now? You should have asked for the interest to be repaid too, rather than accepting the offer.

You can ask for more, but there is a strong possibility that they will consider your claims closed because you accepted the settlement payment. Worth the cost of a letter, possibly, but not much more.

Good luck

So to get the interest paid you need to ask for it, did not know that.

Thanks

XXSCOTSLASSXX

when they sent you the offer did it give a breakdown of the payment ie did it show interest at 8% or whatever.... or was it just a figure that u accepted without any full breakdown, so they offered u the 5K and u accepted but assumed there would be interest to come on top of that?

With mine when I received the offer it gave a breakdown including interest which when accepted the full amount accepted was paid into bank, can only assume they made an offer to you which u accepted without any breakdown of what was included ... is that correct?