Received PPI refund from First Plus, no Interest

ToonExile

A couple of years ago I claimed PPI from First which was successful. However at the time of the payment I did not receive any Interest on the Money owed. I queried this at the time but as told that they do not pay interest.

I have also received another PPI claim where I did receive interest. My query is this should I be going back to First Plus or the company that bought the loans and claim the missing interest. I also wonder if I should be reclaiming using Plevin.

[Deleted User]

You can't reclaim via Plevin, as that only applies to rejected complaints. You've already had a full refund.

You should have received statutory interest in the redress.

ToonExile

Thanks, however I did not receive statutory interest on my claim with First plus. They simply told me I was not entitled to any interest when I queried this.

Should I go back and ask them to refund the interest I should have been paid, I got £14,000 so the interest is not to be sniffed at.

societys_child

You could contact them and ask them to explain why they said you were not entitled to interest.

Edit:

should I be going back to First Plus or the company that bought the loans and claim the missing interest.

That may have some bearing on the matter?