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ppi claim

I paid £6.61 each month over 36 months ppi on a sofa I bought from DFS starting in 2007 and ending in 2010, total paid was £237.96, got a offer today of £330 back, I thought I would of got more than this. Could anyone tell me if they think this is right?

Comments

  • amersall
    amersall Posts: 17,037 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Looks to be, you have the PPI back and interest.
  • Nearlyold
    Nearlyold Posts: 2,459 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Agree with Amersall, it looks about right, you only get back what you paid plus 8% pa simple interest. Posters who get back thousands paid thousands. Did they not provide a breakdown of the calculation?
  • dunstonh
    dunstonh Posts: 121,294 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I thought I would of got more than this.

    If you paid £237.96, why did you think you would get back more?

    You get a refund plus interest. The near £100 extra is the interest.
    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.
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