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Challenging the reclaim payment- Comparative redress?
impycunious
Posts: 9 Forumite
Hi, in 2011 and after a long battle with Barclays I managed to reclaim PPI charges which I am very pleased that I did, it was well worth it.
However, I am coming across articles on Comparative redress- does this apply to me? Or should I just accept what I got and be happy on the payout from 2011?
Would it be worth challenging them a second time on the type of PPI? I am no expert which was how I got in this mess but I will never let it happen again and so I feel
I am just looking through the pages of documents and I am wondering if they got off lightly - should I challenge the actual payment. I have just read about the Billions that Barclays have not paid out on PPI. The wording of my pay out from the lovely people at Barclays was broken down thus:
A Original PPI Policy
B Interest Incurred
C 8% per annum simple interest
D Less previous claims
E Less early settlement
F Less any other previous refunds made directly as a result of this policy.
G PPI Refund = (A+B+C) -(D,E,F)
Any help or advice much appreciated cheers.
However, I am coming across articles on Comparative redress- does this apply to me? Or should I just accept what I got and be happy on the payout from 2011?
Would it be worth challenging them a second time on the type of PPI? I am no expert which was how I got in this mess but I will never let it happen again and so I feel
I am just looking through the pages of documents and I am wondering if they got off lightly - should I challenge the actual payment. I have just read about the Billions that Barclays have not paid out on PPI. The wording of my pay out from the lovely people at Barclays was broken down thus:
A Original PPI Policy
B Interest Incurred
C 8% per annum simple interest
D Less previous claims
E Less early settlement
F Less any other previous refunds made directly as a result of this policy.
G PPI Refund = (A+B+C) -(D,E,F)
Any help or advice much appreciated cheers.
0
Comments
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However, I am coming across articles on Comparative redress- does this apply to me?
Was your complaint rejected but a payment made to give a correcting amount as if you had paid monthly premium? if so, yes. If not, no.
your calc suggests a full refund.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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