We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Arcadia Group & CarpetRight
Comments
-
This is rare, although it did happen by mistake on some of the old Arcadia Group stores, which Santander are now dealing with.
How would that work? If it didn't mention the PPI charge then the balance wouldn't match the chargesSam 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 -
Exactly, It didn't. I think the FOS mentioned it last year (after finding a case - but Santander said it was a very limited error, but didn't specify to how many of Burton & TopShop's historic accounts).Please be polite to OPs and remember this is a site for Claimants and Appellants to seek redress against their bank, ex-boss or retailer. If they wanted morality or the view of the IoD or Bank they'd ask them.0
-
Exactly, It didn't. I think the FOS mentioned it last year (after finding a case - but Santander said it was a very limited error, but didn't specify to how many of Burton & TopShop's historic accounts).
So can you link to the FOS case in question?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 -
FOS only publish ombudsman decisions. Not adjudicator ones. So, it may not be available.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
-
So what would they base the calculation of their redress on?0
-
It appears they are offering me about £1.25 per month over fifteen years.0
-
That plus 8% pa interest on top.Please be polite to OPs and remember this is a site for Claimants and Appellants to seek redress against their bank, ex-boss or retailer. If they wanted morality or the view of the IoD or Bank they'd ask them.0
-
Yes, plus compensation, don't want to be greedy, just seems a very low monthly calculation.0
-
gramochroi wrote: »Yes, plus compensation, don't want to be greedy, just seems a very low monthly calculation.
PPI was typically around 70p per £100 of balance, £1.25 might suggest you had around £180 balance on the card on average - unless you have documentation showing you had significantly more on the card every month you will have to accept their offerSam 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 -
Thank you, Nasqueron, you're actually almost spot on with your calculation. Will now happily accept their offer.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603.1K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards