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PPI offer from RBS
gman41
Posts: 44 Forumite
Hi,
Could someone explain this offer?
Credit card was from 2000-2003
Offer is a 'redress' offer???
What is this?
Details .....
Refund of PPI £430.01
interest of premiums £154.57
Statutory interest £23.98
Less tax £4.87
Is this offer a correct one?
I have had offers before different ppi same time scale(2000-2003), one being £690.00 with interest being £580.00
Thanks!
Could someone explain this offer?
Credit card was from 2000-2003
Offer is a 'redress' offer???
What is this?
Details .....
Refund of PPI £430.01
interest of premiums £154.57
Statutory interest £23.98
Less tax £4.87
Is this offer a correct one?
I have had offers before different ppi same time scale(2000-2003), one being £690.00 with interest being £580.00
Thanks!
0
Comments
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You only ever receive a refund of the PPI you actually paid, since this is variable with a credit card there is no way for anyone here to determine whether the offer is "correct" or not. The amount awarded on other complaints is completely irrelevant.0
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ok,
Question was if the 8% has been applied to the offer of £430.01?0 -
It's listed in the breakdown you provided above...0
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PPI was paid as a % of the balance (seen figures of around 80p per £100 of debt on the card) - the more you had on the card, the more PPI paid and vice versa. If you had 3 cards I would bet my house that you didn't have the exact same balance on all 3 every month in that period - hence why you have different offers. Unless you have proof you paid more, accept the offer.
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
0
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