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Bos ppi

houndgirl
houndgirl Posts: 31 Forumite
in Reclaim PPI & other insurance
Received letter from BOS saying they have found I had PPI on a loan I took out in 2006. I know for a fact that I did not take out PPI as I said face to face with the girl in the bank I did not want it. There for I should have no problem getting the money back. What I don't know is how much I should be due. The loan was £3000 over three years. Any ideas folks?

Comments

  • dunstonh
    dunstonh Posts: 121,292 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Nobody can have any idea. Indeed, it is possible it is nothing. They may have initially set up with PPI but removed it before you paid a premium.

    You will have to wait and see.
    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.
  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper Photogenic
    dunstonh wrote: »
    Indeed, it is possible it is nothing. They may have initially set up with PPI but removed it before you paid a premium.
    Yes, this circumstance could still have generated a letter to the effect that the OP HAD PPI.
    houndgirl wrote: »
    I said face to face with the girl in the bank I did not want it. There for I should have no problem getting the money back.
    Not a surefire winner at all, I'm afraid.
  • houndgirl
    houndgirl Posts: 31 Forumite
    OK let's say they do say I have a claim for the full three years and having seen how much paid monthly I'm sure my Apr was 8% then how much PPI should I receive.
  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper Photogenic
    houndgirl wrote: »
    y I'm sure my Apr was 8% then how much PPI should I receive.
    The interest APR is irrelevant, You'll receive only a refund of any PPI you paid(plus interest) if you are successful.
  • houndgirl
    houndgirl Posts: 31 Forumite
    What is the interest on PPI claims these days?
  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper Photogenic
    it's always been 8%.
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