Payback into balance or cheque??

brydo86

Hello,

I have a quick question regarding a win with a charge claim back. I received a letter to say I had won but as I have a current balance then the refund will be paid back into the balance.

Can I ask that it be sent as a cheque or do I have time to sneakily transfer my balance and force the companies hand to give me a cheque?

Thanks in advance

Wywth

brydo86 wrote: »

Hello,

I have a quick question regarding a win with a charge claim back. I received a letter to say I had won but as I have a current balance then the refund will be paid back into the balance.

Can I ask that it be sent as a cheque or do I have time to sneakily transfer my balance and force the companies hand to give me a cheque?

Thanks in advance

So you are hoping a card provider will refund you money you haven't actually ever paid??? :huh:

Any cancellation of card charges will simply reduce your outstanding balance.

dunstonh

If you are in arrears, defaults or had amounts written off, the lender will usually offset the redress against those.

If the payment for the PPI was made via a card, then the redress is frequently paid back into the card (like a retailer refund would be). You can ask the card provider to send you a cheque from the card if it puts you into credit.

DevCoder

brydo86 wrote: »

Hello,

I have a quick question regarding a win with a charge claim back. I received a letter to say I had won but as I have a current balance then the refund will be paid back into the balance.

Can I ask that it be sent as a cheque or do I have time to sneakily transfer my balance and force the companies hand to give me a cheque?

Thanks in advance

If its a visa chargeback (your post is a bit woolly) then any refund must go back to the method of payment (ie the card/account). Standard anti money laundering.

brydo86

The money refunded will not send me back into credit, I will still have credit card debt. I thought it was worth a try, I guess I would be laughed at if I tried and asked them to send me a cheque, leaving my credit card n debt?