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capital 1 ppi query
larner
Posts: 14 Forumite
Hi
Have had my ppi refund agreed with capital 1 the problem is that altough i agreed a settlement of £1100 from £1500 which was outstanding and canceled the card 10 years ago they claim there is still £300 pound outstanding which the ppi refund will go to reducing. Is this correct as i have had no contact from or with capital 1 since 2004.
Thanks
Have had my ppi refund agreed with capital 1 the problem is that altough i agreed a settlement of £1100 from £1500 which was outstanding and canceled the card 10 years ago they claim there is still £300 pound outstanding which the ppi refund will go to reducing. Is this correct as i have had no contact from or with capital 1 since 2004.
Thanks
0
Comments
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They can use any redress against defaults, amounts outstanding, or as in your case, amounts written off.Non me fac calcitrare tuum culi0
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You've contacted them only recently to complain about mis-sold PPI, so you have had contact. Did you really think they'd allow you a reduced settlement all those years ago and then pay you the full amount of PPI which you failed to pay? The Bank agreed to write off the money owed, but it is a two-way street and you shouldn't have expected a full refund.Is this correct as i have had no contact from or with capital 1 since 2004.0 -
As mentioned above, they can use the redress against unpaid debts. No matter how long ago it is.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.0
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