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PPI claim with senior ombudsman

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Comments

  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper Photogenic
    Bloo wrote: »
    Moving on from some of the discussion above. Having had my appeal to the final ombudsman successfully completed how long do Cos. have to make an offer of payment?
    If the Ombudsman has ruled in your favour, the Bank should pay your refund very quickly.
    Though there is no actual time limit, if there is an unreasonable delay you can go to the Ombudsman again.

    It will be interesting to hear how much you are actually refunded, given you can't find any PPI on your most recent statements.

    Remember that the refund is not an "offer" that you haggle over. You receive a refund of any PPI you actually paid plus 8% simple interest (and any associated interest).
  • Bloo
    Bloo Posts: 36 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    It was confirmed that there was PPI on the credit card from 1999 to 2008. I'm sure it simply wasn't broken down, but then I just used to look at the total and the amount due!

    Been hinted to me elsewhere that the bank has up to 8 weeks, is that what you had in mind by 'very quickly'?

    Thanks
  • dunstonh
    dunstonh Posts: 121,235 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Been hinted to me elsewhere that the bank has up to 8 weeks, is that what you had in mind by 'very quickly'?

    That period would not be unreasonable.
    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.
  • Bloo
    Bloo Posts: 36 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Ok, cheers
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