PPI Claim

edited 30 November -1 at 1:00AM in Reclaim Bank & Credit Card Charges
2 replies 1.1K views
grannyk_3grannyk_3 Forumite
2 Posts
I have been awarded PPI but the bank are taking over £1000 off the total. In 2004 I used my PPI to make a claim and my mortgage was paid for 2 months. Now they are taking £1000 off my refund. Can they do this?

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  • -taff-taff Forumite
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    Yes. You used the PPI so you have to pay back what you used.
  • dunstonhdunstonh Forumite
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    grannyk wrote: »
    I have been awarded PPI but the bank are taking over £1000 off the total. In 2004 I used my PPI to make a claim and my mortgage was paid for 2 months. Now they are taking £1000 off my refund. Can they do this?

    Of course they can. You complained that you wished you never had it. So, they have agreed and are putting you back in the position as if you never had it just as you asked.

    You are damned lucky they are paying you anything.
    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.
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