Lloyds offer made... any way to check?

stugall

Hi all.

I have unexpectedly received an offer in respect of PPI I had no idea of even having, following a neighbour's suggestion I complete a questionnaire she photocopied.

The questionnaire was submitted back in November, so it came completely out of the blue.

Lo and behold, I have received a small offer for a chain of five consolidated loans stretching back to the 2002.

Not wanting to appear ungrateful, is there any way of independently checking that the offer is correct?

Any tips or hints accepted and thank you in advance.

Yours
Stuart.:j

[Deleted User]

If you have evidence it isn't, you can provide that,

Otherwise, they will have calculated it accurately on the information they have.

[Deleted User]

stugall wrote: »

is there any way of independently checking that the offer is correct?

You can ask the Bank for a breakdown of the PPI paid and of the interest accrued. You can then check this against one of many PPI "calculators" available online. This will give you a "ballpark figure" to determine if the redress is correct.

Do be aware that the chances of the redress being wrong (in either direction) are very slim.

There are no "independent" assessors, unless you want to go to the expense of a solicitor or other legal professional to check it for you.

Rather a waste of your time (and money) unless you can provide documentary evidence from your own archive with which to challenge the bank.

If you had PPI on a chain of loans, why are you saying you never knew about it? The PPI would have been itemised on each of the Agreements you signed. What you really meant was that you have forgotten agreeing to the PPI.

You say you have a "small" offer? Are you sure your PPI complaint has not been rejected and you have instead been awarded a Plevin refund of undisclosed commission?