Naw West called to say they will pay PPI but how much?

the2hepburns

Hi
A cut a long story short...!
took nat west cc out in 1992 when I was a student. Paying it till last year. Cancelled it. Made a claim direct to Nat WEst. They said 'No claim!'. I wrote to the Fin. Ombudsman, they send me paperwork, I posted it back last week. Recieved a call tonight from Nat West asking me what I was doing in 1992 etc, confirmed it all and the chap agreed that I had been missold (I was definately a student!) and that he would now revoke the decision and advise the FOS for a PPI payout.He is telling them tomorrow to revoke decision. I am to wait for a letter from the FOS, I should then send confirmation back - then they will let me know how much they are going to pay out. I can accept that or decline offer and ask for more. OK NOW HERE'S THE QUESTION!!
This has been my major cc for the last 20 years, I reckon I have spend over £100,000 on it and pretty much always have a balance on it. Sometimes a blanace of £10000. (great budgeter that I have been/am!)
SOOOOOOOOO. How much will I get back? Any ideas? Anyone, Anyone, Anyone???!!!

Thanks in advance for your help, mcuh appreciated!:T

stclair

the2hepburns wrote: »

Hi
A cut a long story short...!
took nat west cc out in 1992 when I was a student. Paying it till last year. Cancelled it. Made a claim direct to Nat WEst. They said 'No claim!'. I wrote to the Fin. Ombudsman, they send me paperwork, I posted it back last week. Recieved a call tonight from Nat West asking me what I was doing in 1992 etc, confirmed it all and the chap agreed that I had been missold (I was definately a student!) and that he would now revoke the decision and advise the FOS for a PPI payout.He is telling them tomorrow to revoke decision. I am to wait for a letter from the FOS, I should then send confirmation back - then they will let me know how much they are going to pay out. I can accept that or decline offer and ask for more. OK NOW HERE'S THE QUESTION!!
This has been my major cc for the last 20 years, I reckon I have spend over £100,000 on it and pretty much always have a balance on it. Sometimes a blanace of £10000. (great budgeter that I have been/am!)
SOOOOOOOOO. How much will I get back? Any ideas? Anyone, Anyone, Anyone???!!!

Thanks in advance for your help, mcuh appreciated!:T

I doubt anyone will be able to answer that question

It may be better if you just call them during office hours.

[Deleted User]

the2hepburns wrote: »

SOOOOOOOOO. How much will I get back? Any ideas? Anyone, Anyone, Anyone???!!!

Your credit card balance is not fixed and so it is impossible to say how much you will get without all the details.
Remember you only get back the PPI you paid plus 8% simple interest.

I think you'll be waiting for a good while longer for any payout on this and I'd be waiting for the news in writing before I'd crack open any champagne.