ppi redress calculations

Sparky51

Hi there is there anyone intellegent here that could help me (mathematically challenged) with some calculations on how much I should be getting back from my upheld decision from the fos?

Thanks in advance

-taff

it's what you paid in ppi, plus any asociated interest [different for credit card and loans] and 8% simple interest.

Sparky51

-taff wrote: »

it's what you paid in ppi, plus any asociated interest [different for credit card and loans] and 8% simple interest.

Right so when does the 8% start and finish from?

-taff

from the beginning.

But it's NOT compound interest.

Sparky51

Right so if I work out my monthly ppi payment and worked out the 8% and multiplied it by the number of years from each monthy payment date til today would that be the total interest due back?

Thanks for ur help so far

-taff

No.
Its a sliding scale, e.g you were paying 10 in the first yer, then 8 pound in the next etc etc.