ppi offer on loan

amersall

15% from 1990 to 1993 and then 8% to the redress date for the op.
Hope they come back, they need to ask for a breakdown of the interest. To be honest as the PPI was only on loan of £1,000, the PPI monthly amount would not have been a great deal to get the 15% and 8% on as the interest is on a decreasing scale anyway, the nearer the redress date the lower the amount of interest.

Mr_BARGAIN_2

amersall wrote: »

15% from 1990 to 1993 and then 8% to the redress date for the op.
Hope they come back, they need to ask for a breakdown of the interest. To be honest as the PPI was only on loan of £1,000, the PPI monthly amount would not have been a great deal to get the 15% and 8% on as the interest is on a decreasing scale anyway, the nearer the redress date the lower the amount of interest.

Yes I c ur point there about decreasing interest but at least it's better. In are pocket than nasty wests bet there are loads from the 80's and early 90's where joe public has not had full redress from all banks

amersall

Mr_BARGAIN wrote: »

Yes I c ur point there about decreasing interest but at least it's better. In are pocket than nasty wests bet there are loads from the 80's and early 90's where joe public has not had full redress from all banks

I agree fully, does not hurt the op to query this with the bank just in case, you never know better in their pocket than the banks, as you say.