MSE News: Reclaimed PPI? Some banks have underpaid £100's

Former_MSE_Helen Former MSE Posts: 2,382 Forumite
"If Barclays, Lloyds or RBS/NatWest have offered you PPI redress on a loan since 2012, you may be owed £100s more"
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Reclaimed PPI? Some banks have underpaid £100's


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  • GingerFurball_2
    GingerFurball_2 Forumite Posts: 990
    Debt-free and Proud!
    This is based on incorrect information.

    Debt free by Xmas 2014: £3555.67/£4805.67 (73.99%)
    Debt free by Xmas 2015: £1250/£1250 (100.00%)
  • Rolls eyes! The price paid for trying to 'go it alone' wouldn't surprise me if true
  • homer4president
    homer4president Forumite Posts: 2 Newbie
    I have received a settlement cheque and lodged it in the bank in the last week, is it too late to raise it with the bank that I feel I may be entitled to more?

    After reading the article on your website regarding redress Im unsure as to whether Im due anything more. My letter states

    "The total value of payments you would have made to a regular premium PPI policy for the period your single premium policy was live.

    The monthly premium is calculated as £9 for every £100 of net monthly repayment as ruled by the Financial Services Authority (FSA) - for example if your monthly loan repayment was £200, the cost of the regular premium would have been £18.00

    However beside this box there is no amount showing, I take it that means I am NOT due anymore/anything is being held back from me?!
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