Should I cancel my PPI while complaining to FOS?

boingingian

Hi,
I have been trying to get my PPI back from FirstPlus. They believe they have done everything correctly and pointed me in the direction of the FSO (which I have done). They have also offered me as a gesture of goodwill and not any admission of guilt, an additional rebate of £5200 on top of the £2700 they say I am allowed.

1. Should I accept this even though I have complained to the FOS?
2. If I do will it affect my complaint with the FOS
3. If I don't and the FOS say no mis-selling has taken place, will I be able to accept it then?
4. Should I cancel the PPI now to save on my outgoings while all this is taking place and still hope the FOS uphold my complaint?

My thoughts are to write back to FP accepting the offer 'without predjudice', cancelling my PPI, but explaining I have continued with my complaint to the FOS.

Can anyone advise? Thanks

boingingian

sorry, forgot to say the PPI was for £14200 and put as single premium on my loan back in May 2006

jonesMUFCforever

If they are going to give you a partial refund does this not mean it will be cancelled anyway?

boingingian

If they are going to give you a partial refund does this not mean it will be cancelled anyway?

I presume it would be cancelled, but if I cancelled, would it affect my complaint to the FOS?

jonesMUFCforever

I don't think so.
The fact that they are prepared to give you a partial refund indicates to me that they don't really have a 100% case that they are in the right.

petermb_2

I dont think that FP will allow you to go to FP if they are to make you a good will gesture. They will normally ask you to sign a full and final settlement agreement.
I think there may be more in it for you.

petermb_2

Sorry I did mean FP will not allow you to go to FOS.