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PPI mis-selling.

PostPosted: 06 Jul 2020, 14:15
by Workingman
I made a claim about a loan going back 16 years and I just got my claim agreed. :Hi:

I might get a decent meal and some new clothes. 8-) ;) :P

Actually it is quite substantial and a very pleasant surprise at over three times the amount of the loan! :o :shock: :?

Re: PPI mis-selling.

PostPosted: 06 Jul 2020, 16:56
by Kaz
:shock: Oh fantastic! :Hi:

Re: PPI mis-selling.

PostPosted: 06 Jul 2020, 17:14
by JanB
:Hi: :Hi:

Re: PPI mis-selling.

PostPosted: 06 Jul 2020, 17:44
by TheOstrich
Excellent. You'll also get a fair bit of interest added if it's going back over that length of time. The company paying you are obligated to deduct 20% tax at source from the interest, so depending on your other income etc., you may additionally be entitled to an income tax repayment in 2020/21 ....

Re: PPI mis-selling.

PostPosted: 06 Jul 2020, 18:12
by cromwell
Lend us a quid? :)

Re: PPI mis-selling.

PostPosted: 06 Jul 2020, 18:26
by Workingman
cromwell wrote:Lend us a quid? :)

No problem. 20% for any period up to seven days then 2% per day (or part of) after for a maximum of 365 days. Wonga - eat your heat out. ;)

Ossiee, thanks for the tip, I will now read the enclosed info under a microscope. :roll:

Re: PPI mis-selling.

PostPosted: 06 Jul 2020, 22:03
by miasmum
Good for you Workingman. I have tried over the years, but have to accept we were never mis sold PPI

Re: PPI mis-selling.

PostPosted: 07 Jul 2020, 13:50
by cruiser2
Got a refund a few years back. It was a couple of thousands. Nearly as much as the loan.

Didbn't apply, just got a letter to say I was due a refund. Filled in the form and a few weks later the cheque came.