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NEXT Directory PPI
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to the successful next claimants - how did they work out your redress? Do next add the correct interest. Im curious as to how they work this out. I had an account for 23 years and know how much ppi I paid in total during those years
thanks in advance:j Proud to be No. 49 of the DMP Mutual Support Club:j
DMP through CCCS started April 2007
I can see clearly now the rain has gone
8lb lost so far on Slimming World - 18lb to go!!!!!0 -
to the successful next claimants - how did they work out your redress? Do next add the correct interest. Im curious as to how they work this out. I had an account for 23 years and know how much ppi I paid in total during those years
thanks in advance
All PPI redress is done as per the rules agreed with the FOS - refund of premiums, a refund of any interest charged on the PPI premium, any interest should the account have been in credit were it not for the PPI and 8% simple (not compound) interestSam 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.
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I've just received a response from the Phoenix group confirming that they are unable to locate a PPI policy with next and as such have closed the complaint.
Am I wrong in thinking that there was 1 on every next directory account I thought it was added automatically?
Anyone shed any light?0 -
I've just received a response from the Phoenix group confirming that they are unable to locate a PPI policy with next and as such have closed the complaint.
You might not have had oneAm I wrong in thinking that there was 1 on every next directory account I thought it was added automatically?
Anyone shed any light?
PPI was added at the request of the customer, you would be offered it and tick a box on the form to say you wanted itSam 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.
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