We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Barclaycard PPI refund Should I accept?

Hi Everyone,

New to the forum and would really appreciate any advice/help.

After filling there online form in a few weeks ago I received a letter from Barclaycard today stating that they mis-sold PPI on your credit card from Nov 2001 until August 2013. They have offered:
£153.25 Refund of PPi Payments
£12.14 PPI Interest
£2.39 *% Interest
£0.47 Tax
£167.34 Total

I am not sure if this is a fair amount because of the time etc and have read about Comparative Redress.

Should I accept ? Any advice would be great

Thanks to all in advance:)

Comments

  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper Photogenic
    Should I accept ?
    Yes, unless you have documentary evidence that you paid more.

    You may have read about comparative redress, but it cannot be the case with credit card PPI.
  • -taff
    -taff Posts: 15,498 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You only get the 8% interest if the card would have been in credit without the PPI payments.
    Yours looks like it wouldn't have been.
    Non me fac calcitrare tuum culi
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.9K Banking & Borrowing
  • 253.9K Reduce Debt & Boost Income
  • 454.7K Spending & Discounts
  • 246K Work, Benefits & Business
  • 602.1K Mortgages, Homes & Bills
  • 177.8K Life & Family
  • 259.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.