halifax ppi

WATSON2013

Hello all

I really hope you can help me as i am struggling to find answers

I am new to all this malarchy with ppi, didnt even know i had ticked the box but apparently they had added it anyway

I have made a claim with halifax and the decision was upheld, i received an offer from halifax regarding ppi repayments and interest, the offer was just over £200, the credit card was over £10,000 and i have had this since 2002.

I have had a little bit of a play with some figures of paying roughly £50 a month ppi over a period of 120 months equates to just shy of £6000

Am i correct or is there offer fair? or are they just trying it on to get rid?

I realy hope somebody can help

Many thanks

Ashley

dunstonh

If you have been borrowing over £10,000 on a credit card for 13 years then the figure is clearly incorrect.

You have access to your statements. We dont. So, you can check your statements to see what you paid.

On a side note, you really shouldnt be borrowing that sort of amount for that sort of period on a credit card. It is far too expensive. Try and switch it to a loan if you can.

WATSON2013

Hiya

Thanks for replying, i didnt think it was right

Trust me lesson learnt, the things you do when young and stupid,

Cheers
Ashley

[Deleted User]

WATSON2013 wrote: »

I have had a little bit of a play with some figures of paying roughly £50 a month ppi over a period of 120 months equates to just shy of £6000

But did you actually pay £50 PPI a month for ten years? Surely the balance of your account was not -£10,000 for a whole decade?
Remember, on months when your card had no balance you wouldn't have paid anything at all for PPI.

In addition, in order to challenge the Bank's offer you'll need to provide documentary proof that you paid more unless they accept that they've made an error.

WATSON2013

Hiya

I completely let this card get out of hand and got caught badly in the financial collapse, this card was in arrears of £10,000 for a long time with added charges

Stupid i know and lessons learnt the harsh way

cheers

[Deleted User]

WATSON2013 wrote: »

this card was in arrears of £10,000 for a long time with added charges

Once your repayments were in arrears, you wouldn't have been paying PPI anymore.

societys_child

I have had a little bit of a play with some figures

No need to play with figures, any ppi charged per month is itemised, separately on each monthly bill.