PPI mis-selling.

[Workingman]

I made a claim about a loan going back 16 years and I just got my claim agreed.

I might get a decent meal and some new clothes.

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

[Kaz]

Oh fantastic!

[JanB]

[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 ....

[cromwell]

Lend us a quid?

[Workingman]

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.

[miasmum]

Good for you Workingman. I have tried over the years, but have to accept we were never mis sold PPI

[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.