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Canada Square Operations
Riche113
Posts: 5 Forumite
Hi,
I have sent into CSO a PPI form and they have upheld my complaint. Great news.
I have received a letter outlining the compensation.
Total PPI paid £6159.16
Interest £1016.44
8% interest £1788.19
Sub total £8963.79
Less Rebate Paid £1975.39
Total Comp £6988.40
I have to sign a letter and return it so they can raise a cheque.
But my questions are
1. What is rebate paid?
2. Is this a haggling process and should I not accept the first offer?
3. I have no paper work or evidence nor has CSO provided any. Should I take the cheque and run?
Thanks for your help.
I have sent into CSO a PPI form and they have upheld my complaint. Great news.
I have received a letter outlining the compensation.
Total PPI paid £6159.16
Interest £1016.44
8% interest £1788.19
Sub total £8963.79
Less Rebate Paid £1975.39
Total Comp £6988.40
I have to sign a letter and return it so they can raise a cheque.
But my questions are
1. What is rebate paid?
2. Is this a haggling process and should I not accept the first offer?
3. I have no paper work or evidence nor has CSO provided any. Should I take the cheque and run?
Thanks for your help.
0
Comments
-
Hi,
I have sent into CSO a PPI form and they have upheld my complaint. Great news.
I have received a letter outlining the compensation.
Total PPI paid £6159.16
Interest £1016.44
8% interest £1788.19
Sub total £8963.79
Less Rebate Paid £1975.39
Total Comp £6988.40
I have to sign a letter and return it so they can raise a cheque.
But my questions are
1. What is rebate paid?
2. Is this a haggling process and should I not accept the first offer?
3. I have no paper work or evidence nor has CSO provided any. Should I take the cheque and run?
Thanks for your help.
1. Was the loan paid off early?
2. It isn't a haggling process
3. Take the cheque and run"The problem with socialism is that you eventually run out of other people's money"0 -
There is no "first offer", this is their full and final response. There is no reason to refuse the offer unless you can show the calculations are incorrect.Is this a haggling process and should I not accept the first offer?
A "rebate" would have been applied to the originally agreed PPI amount when you settled early or consolidated into another loan.
No need to run, it's a legitimate payout.:)3. Take the cheque and run0 -
Thanks for the advice,
I will take the cheque then ..
Rich0 -
Hi
Could I ask how long your claim took? I have had a second update later for my claim with CSO but neither that or the first define the start date of the "received" date.
Think its only a couple of weeks away from the 8 weeks but was hoping for anyone's experience's of starting claim to receiving offer etc. with CSO.
Thanks
Tony0
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