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PPI Successful claim vs Barclaycard through F.O.
David1976_2
Posts: 2 Newbie
in Credit cards
This is my first post so I hope it is in the right section.
I started a PPI claim against Barclaycard about 18 months ago. I have had a Barclaycard since 1993 and until 2009 was paying a PPI payment monthly - for which I didn't agree or pay much attention to.
Barclaycard didn't agree with my claim so I pursued it through the Financial Ombudsman, who I have to say have been excellent. Everything was done on emails and was remarkably easy.
As of 2 days ago I received a letter from the F.O. stating that they agree with my claim and that Barclaycard will be settling my claim but to be patient as it may take 8 weeks for them to get the required information.
My question's are:
How do Barclaycard calculate what I am owed if they do not keep records beyond 6 years?
Will they only pay back PPI payments that occurred in the last 6 years?
Will they send me a token offer leaving me to negotiate with them again, or will they send a best and final offer?
I would appreciate some input from someone that has experience of this.
I started a PPI claim against Barclaycard about 18 months ago. I have had a Barclaycard since 1993 and until 2009 was paying a PPI payment monthly - for which I didn't agree or pay much attention to.
Barclaycard didn't agree with my claim so I pursued it through the Financial Ombudsman, who I have to say have been excellent. Everything was done on emails and was remarkably easy.
As of 2 days ago I received a letter from the F.O. stating that they agree with my claim and that Barclaycard will be settling my claim but to be patient as it may take 8 weeks for them to get the required information.
My question's are:
How do Barclaycard calculate what I am owed if they do not keep records beyond 6 years?
Will they only pay back PPI payments that occurred in the last 6 years?
Will they send me a token offer leaving me to negotiate with them again, or will they send a best and final offer?
I would appreciate some input from someone that has experience of this.
0
Comments
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My question's are:
How do Barclaycard calculate what I am owed if they do not keep records beyond 6 years?
Will they only pay back PPI payments that occurred in the last 6 years?
Will they send me a token offer leaving me to negotiate with them again, or will they send a best and final offer?
I would appreciate some input from someone that has experience of this.
There is a known formula for working this out.
No you will get it all back.
No, it will be a full and final offer. As worked out by the known formula.
As FOS have ruled on this. Barclaycard will not mess you around or they will be fined.Never ASSUME anything its makes a>>> A55 of U & ME <<<0 -
Thank you for taking the time to answer this. Any idea what their "known formula" is?0
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