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Missold PPI on CC since 2007, only offered £19:31?

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Hi,
Apologies in advance as probably everything I'm about to ask has already been answered.
Tesco have admitted misselling PPI on my credit card since August 2007.
Made an offer which includes all monthly PPI premiums along with interest and total offer only comes to £19.31?
Does this seem right?
Average spend on credit card is/was about £1500 a month and although would pay the majority off, would quite often been £1-2k taken over.
Have all/most statements.
How is it worked out? Can i work it out myself?
Should I write to them asking to see their calculations?
If so how should I word it.
Thanks for any help, finding it all a bit confusing, £19 does'nt seem much for 6 + years.

Comments

  • dunstonh
    dunstonh Posts: 119,786 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Made an offer which includes all monthly PPI premiums along with interest and total offer only comes to £19.31?
    Does this seem right?

    We dont have access to your statements. So, we cant say. The requirement is to refund premiums paid plus interest. So, how much have you paid in premiums?
    Have all/most statements.

    In which case you add up the PPI payments.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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