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HELP Bank of Scotland PPI settlement figures
t24seven
Posts: 3 Newbie
Hi everyone,
Just got a settlement letter from Bank of Scotland, it's not a great deal of money (£200), I wanted to check with the experts as to the explanations and figures in the working out of the PPI refund.
A section in the letter says:
Ai - The cost of the single premium PPI policy added to the loan (N/A for regular premiun PPI policies) - £105.63
Aii - Rows Aii and Aiii Upheld decisions only - PPI premiums to be refunded - £17.61
Aiii - Debit interest on Aii - £2.05
Aiv - Total PPI premiums with interest (Rows Aii+Aiii) - £19.66
Now what is confusing me is the above is laid out in a table with the figures to the right....... the first row Ai, total of £105.63 does not appear to be added anywhere, what is this figure?
If this was a sum paid at the start of the loan then why is this not included in row Aiv?
Any help will be much appreciated
Just got a settlement letter from Bank of Scotland, it's not a great deal of money (£200), I wanted to check with the experts as to the explanations and figures in the working out of the PPI refund.
A section in the letter says:
Ai - The cost of the single premium PPI policy added to the loan (N/A for regular premiun PPI policies) - £105.63
Aii - Rows Aii and Aiii Upheld decisions only - PPI premiums to be refunded - £17.61
Aiii - Debit interest on Aii - £2.05
Aiv - Total PPI premiums with interest (Rows Aii+Aiii) - £19.66
Now what is confusing me is the above is laid out in a table with the figures to the right....... the first row Ai, total of £105.63 does not appear to be added anywhere, what is this figure?
If this was a sum paid at the start of the loan then why is this not included in row Aiv?
Any help will be much appreciated
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