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PPI Refund Help Please
spacecowboy07
Posts: 4 Newbie
I received a final response from Santander regarding a Loan taken out with Alliance & Leicester in 2003 for £5000 they have offered me the sum of £891.27 which seems to me to be pretty low compared to PPI claims I have had regarding other loans I had over the years.
There offer of £891.27 consists of £506.40 representing the total PPI premiums. It also includes £384.87 in respect of interest payable to 31 March 2018. ( I don't think this goes bck to 2003 tho)
I do not want to accept this offer can anyone help with calculation and what to do nxt please.
Thank You!
There offer of £891.27 consists of £506.40 representing the total PPI premiums. It also includes £384.87 in respect of interest payable to 31 March 2018. ( I don't think this goes bck to 2003 tho)
I do not want to accept this offer can anyone help with calculation and what to do nxt please.
Thank You!
0
Comments
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Do you have any evidence you paid more?
Getting more money from other complaints has no link to this oneSam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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There is no correlation between what you have received in recompense from other finance and this. You receive a refund (plus interest) of what you actually paid.
Only if you have documentary evidence that you paid more than the bank has offered will you have any chance of receiving any more.
Sorry.0 -
Without knowing the actual PPI on the agreement and if the loan went to term, we cannot help with the figures.
Ask them how they worked this out, they are the only ones who can tell you. I assume you have no paperwork but did the bank?.
You could have repaid the loan early so you would not have paid all of the PPI, this could be why the redress is not what you think it should be.0
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