📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Rbs redress offer

Good morning
Does anyone know I had a offer from rbs for a ppi claim from a old credit card, the offer letter states redress is this a full offer or is this one of them that Martin Lewis says isn't a full refund.

Help pls

Comments

  • Nearlyold
    Nearlyold Posts: 2,380 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Combo Breaker
    By not a full refund I assume you mean, have they used comparative redress - this is where PPI was suitable and not miss sold but should have been sold as monthly premium rather than single premium - so they give you back the difference between the premium types. Since you can't have single premium PPI on a credit card the offer can't be comparative redress. As to whether the offer is correct in itself you've not given any figures to go on so no one can say, do you have reason to believe the figures are incorrect?
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.8K Spending & Discounts
  • 244.3K Work, Benefits & Business
  • 599.5K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.