PPI 0ffer

annhan

Hi All

i recently applied for a PPI under the guidance of this website, i received an offer from the bank but am unsure if I should accept the offer as I do not know how much I paid for the PPI. The loan was over 10 years ago and my credit check no longer holds this information. I threw away paperwork regarding this loan as I was overjoyed when I had paid it off. I am veyr happy for the offer ( so thank you Mr Lewis & team) just not sure how to proceed, anyone with experience can you please advise?

Many thanks
Ann

-taff

If your complaint was upheld, they will offer yo the amont paid in PPI, plus interest plus 8% interest.
There is no 'offer'. Redress is defined.

[Deleted User]

annhan wrote: »

i received an offer from the bank but am unsure if I should accept the offer as I do not know how much I paid for the PPI. The loan was over 10 years ago and my credit check no longer holds this information. I threw away paperwork regarding this loan

There is no realistic way to check the amount of PPI you paid unless you have documents from your own archive. Your credit report will never have listed how much PPI you paid.

If you remain sceptical that the Bank are somehow underpaying PPI redress, you can send them a Subject Access Request (SAR) letter which will provide you with all information the Bank has kept on file for you. However, note that this will only be the same information which the Bank used to calculate your redress and will therefore likely be an entirely fruitless exercise. Remember, the "offer" is not an invitation to haggle; it's a full refund plus interest.

If I were you, I'd stop stressing and just enjoy your refund.

[Deleted User]

annhan wrote: »

I am veyr happy for the offer ( so thank you Mr Lewis & team) just not sure how to proceed,

Reply to them, saying that you would like to accept the offer.

annhan

Thank you for the fast answers..much appreciated.
Good luck to the rest of you.