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Is my PPI refund calculation correct? - Page 2

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Is my PPI refund calculation correct?

edited 30 November -1 at 12:00AM in Reclaim PPI & Other Insurance
14 replies 1.1K views
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Replies

  • edited 26 January at 1:31AM
    brown1950brown1950
    264 posts
    Forumite
    edited 26 January at 1:31AM
    Or you could replace the the relevant figures in this explanation if you really think it's wrong.

    PPI compensation was originally supposed to put you back in a position if PPI charges had not been applied.
    So can the so called experts who have been on this forum daily for the last 5 years explain why if the
    credit card companies charged monthly COMPOUND interest then please explain why PPI refund
    calculations do not include COMPOUND interest ?
  • MoneyineptitudeMoneyineptitude
    25.8K posts
    Forumite
    25000 Posts Seventh Anniversary Name Dropper Photogenic
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    brown1950 wrote: »
    please explain why PPI refund calculations do not include COMPOUND interest ?
    Explained to you several times already over the years, most recently on this thread from July 2019..
    https://forums.moneysavingexpert.com/showthread.php?p=76085723
  • BermoniaBermonia
    977 posts
    Forumite
    500 Posts
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    The calculation of redress of PPI on credit cards is a defined process - which has been made clear by the ombudsman on numerous occasions as certainly used to be available on their website.

    Furthermore, this has been explained over and over with you before... like a number of other FACTS that you simply are unable accept, or perhaps fail to be able to grasp
  • -taff-taff
    11.1K posts
    Forumite
    10000 Posts Seventh Anniversary Photogenic
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    brown1950 wrote: »
    Would be nice however if somebody with the 'knowledge' could provide a proper answer to my question ?



    Tell you what, go do some research and tell us why we're wrong and you're right. That should keep you out of trouble for a bit.
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