New to forum help claiming ppi

Options
13

Comments

  • Nasqueron
    Nasqueron Posts: 8,957 Forumite
    Name Dropper First Post First Anniversary Combo Breaker
    Options
    You complain to the seller


    Debenhams (for now) and Littlewoods still exist
  • taz_123
    taz_123 Posts: 17 Forumite
    Options
    Hi guys well an update i asked argos card if i had ppi and they said yes cover care.
    just got letter from them with £455.21 full and final settlement.
    Unsure if its correct or not as when i did my cap one account ppi was from 2004 for £125.06 but got two grand back.
    Attached is a scan from part of my letter from argos explaining interest etc wit the figures on but unsure if they have worked it out correctly.
    can anyone make heads or tails from it
    Cheers
    As new user cannot post pic or links so please add the h to the link below
    ttp://i67.tinypic.com/2rgndio.jpg
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    First Anniversary Photogenic Name Dropper First Post
    Options
    Yes, they've worked it out correctly.

    It's a defined formula.
  • taz_123
    taz_123 Posts: 17 Forumite
    edited 24 May 2019 at 12:41PM
    Options
    Deleted_User wrote: »
    Yes, they've worked it out correctly.

    It's a defined formula.

    Thanks how do you mean defined formula?
    how did i get so much from my cap one with only a £30 more payment in ppi?
    Thanks
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    First Anniversary Photogenic Name Dropper First Post
    Options
    Different term, different APR, different amount.
  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
    First Anniversary Name Dropper Photogenic First Post
    Options
    taz_123 wrote: »
    how did i get so much from my cap one with only a £30 more payment in ppi?
    No point comparing redress amounts for different firms and times.
    You are refunded only what you actually paid (plus interest). Is that £30 more overall or just per month? Looks like the interest accrued for far longer on the Cap One account.

    No one here knows how much you did or did not pay.

    You can really only question the amount awarded if you have evidence (statements etc) which show you paid more than is being refunded.
  • taz_123
    taz_123 Posts: 17 Forumite
    Options
    ok thanks well its better than nothing so they say
    cheers
  • taz_123
    taz_123 Posts: 17 Forumite
    Options
    Quick question guys
    i had ppi for cap one credit card would this of covered me for lets say little woods catalouge or would i of needed a separate one for little woods or would the cap one one cover me for all my creditors?
    Thanks
  • dunstonh
    dunstonh Posts: 116,558 Forumite
    Name Dropper First Anniversary First Post Combo Breaker
    Options
    taz_123 wrote: »
    Quick question guys
    i had ppi for cap one credit card would this of covered me for lets say little woods catalouge or would i of needed a separate one for little woods or would the cap one one cover me for all my creditors?
    Thanks

    Standalone regular premium cover is not debt specific. However, those built into a credit agreement (such as credit cards or store cards) only cover the debt they are linked to.
    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.
  • CraftySaver1
    CraftySaver1 Posts: 4 Newbie
    Options
    Have you repaid the balance in full? In this case, the PPI would not have been charged.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.6K Banking & Borrowing
  • 250.2K Reduce Debt & Boost Income
  • 449.9K Spending & Discounts
  • 235.7K Work, Benefits & Business
  • 608.7K Mortgages, Homes & Bills
  • 173.3K Life & Family
  • 248.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards