'I got a PPI reclaim of 2p' - is this the smallest reclaim ever? - MSE News

Options
Former_MSE_Callum
Former_MSE_Callum Posts: 696 Forumite
First Post First Anniversary I've been Money Tipped! Newshound!
in Reclaim PPI & other insurance
A MoneySaver has been sent what could be the lowest ever PPI payout - for a grand total of 2p...
Read the full story:
''I got a PPI reclaim of 2p' - is this the smallest reclaim ever?'
OfficialStamp.gif
Click reply below to discuss. If you haven’t already, join the forum to reply.
Read the latest MSE News
Flag up a news story: news@moneysavingexpert.com
Get the Free MoneySavingExpert Money Tips E-mail

Comments

  • SonOf
    SonOf Posts: 2,631 Forumite
    First Anniversary First Post
    Options
    I guess zero would be the lowest as a number of people have had upheld complaints but received nothing.

    I recall the story of someone who got about 27p on an endowment complaint years ago. It is rather funny to see these sorts of amounts.
  • brettcta
    brettcta Posts: 4,693 Forumite
    Name Dropper First Anniversary Combo Breaker First Post
    Options
    I’ve seen a few where they’re in the pennies. We used to round up to a tenner just to make it look like we weren’t taking the piss
    helpful tips
    it's spelt d-e-f-i-n-i-t-e-l-y
    there - 'in or at that place'
    their - 'owned by them'
    they're - 'they are'
    it's bought not brought (i just bought my chicken a suit from that new shop for £6.34)
  • VT82
    VT82 Posts: 1,079 Forumite
    Name Dropper First Anniversary First Post Combo Breaker
    Options
    MSE_Callum wrote: »
    "I actually think the letter said I was owed around 1p but they rounded it up to 2p, but I don't have the final letter – it must have been thrown out in disgust."
    'Disgust' is an odd choice of word. I'm not sure quite what the complainant had to be disgusted about...
  • nyermen
    nyermen Posts: 1,093 Forumite
    First Anniversary First Post Name Dropper
    Options
    Well I'm not disgusted. On the assumption the calculations are correct, I'm pleased she got the full amount due...
    Peter

    Debt free - finally finished paying off £20k + Interest.
  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
    First Anniversary Name Dropper Photogenic First Post
    Options
    I'm certain I've recommended several people to frame (rather than cash) their PPI cheque over the last eight years because it was such a pittance.

    Another non-news story, I'm afraid, MSE.
  • The_Miser
    The_Miser Posts: 99 Forumite
    First Post First Anniversary Combo Breaker
    Options
    At least Lloyds were honest about it.As for the suggestion about postage consider the time someone took searching for and then through the old MBNA records and then arranging for the cheque. Two decades ago, working in the City, we costed out the writing of a simple one page letter and posting it - over £10.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.2K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.7K Spending & Discounts
  • 235.3K Work, Benefits & Business
  • 608.1K Mortgages, Homes & Bills
  • 173.1K Life & Family
  • 247.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards