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What should I do??
Trislander
Posts: 25 Forumite
I have received today a letter from FOS to advise me MBNA will now offer to pay me back 50% of the commission from my PPI after MBNA had rejected my claim. I don't know what that amounts to and FOS say it's a fair offer. Should I accept or reject?
I have found I was being charged £75 a month PPI so don't know if anyone has an idea of what I can't expect
I have found I was being charged £75 a month PPI so don't know if anyone has an idea of what I can't expect
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Comments
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Trislander wrote: »Should I accept or reject?
If you reject the offer, you'll get nothing at all...
The PPI you paid each month is irrelevant if this is about Plevin commissionTrislander wrote: »I have found I was being charged £75 a month PPI0 -
It's not negotiable . .Should I accept or reject?0 -
The letter from FOS says if I don't wish to accept to let them know by 19th October0
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No one here has said you cannot refuse your refund.Trislander wrote: »The letter from FOS says if I don't wish to accept to let them know by 19th October0 -
And appeal via FOS0
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Should I accept or reject?
Strange question. Nothing or something. Something is better than nothing.The letter from FOS says if I don't wish to accept to let them know by 19th October
Your complaint failed and the FOS adjudicator did not overrule the complaint. Your choices are
1 - accept
2 - reject and get the same outcome from an ombudsman (ombudsman only overrule in around 1 in 10 cases and they are nearly all on the more complicated issues. Not the easy stuff like PPI). If you reject that, you get nothing.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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