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Ppi claim help
Shortie247
Posts: 2 Newbie
Hi. I took a loan out from Yorkshire bank in 1992 for £1125.00 and I was mis-sold the ppi of a one off payment of £117.00. I contacted the bank who rejected my claim as they didn't have the information as it was so long ago. I fortunately kept my bank statements with the information on. I then went to the ombudsman who found in my favour 😀 I wanted to know how the interest on this is worked out so when the bank gets back to me with an offer I will know whether it is right or not. Can anyone help?
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Comments
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You get a refund of the premium paid plus 8% simple.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.0
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So I add 8% onto £117.00 for each year since 1992?0
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