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Credit card companies pay out £50K compensation for ONE woman's claim on mis-sold PPI

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  • Credit card companies pay out £50K compensation for ONE woman's claim on mis-sold PPI

    Outstanding

    A woman has claimed a huge amount of money back for PPI mis-selling in one of the biggest claims to date - won back herself with a free guide and not using a claims firm.
    Tags: None

  • #2
    Re: Credit card companies pay out £50K compensation for ONE woman's claim on mis-sold

    At the end of the day it is only her own money she has reclaimed. As with all ppi claims, it's easy to think of the money as a bonus, but it isn't, it's the consumer's own money which has effectively been placed in an enforced saving scheme.

    I have no doubt there will still be thousands of people who don't claim who are eligible to do so.

    Comment


    • #3
      Re: Credit card companies pay out £50K compensation for ONE woman's claim on mis-sold

      I hope she remembers that its taxable.

      Comment


      • #4
        Re: Credit card companies pay out £50K compensation for ONE woman's claim on mis-sold

        Originally posted by sapphire View Post
        I hope she remembers that its taxable.
        Is it? Why? She already paid tax on the money before it went into the ppi.

        Comment


        • #5
          Re: Credit card companies pay out £50K compensation for ONE woman's claim on mis-sold

          The interest received is taxable not the full amount

          Comment


          • #6
            Re: Credit card companies pay out £50K compensation for ONE woman's claim on mis-sold

            Yep, you have to declare it on your tax return.

            Comment


            • #7
              Re: Credit card companies pay out £50K compensation for ONE woman's claim on mis-sold

              Good old MBNA, dont you just love them!

              Posted by a proud member of the MBNA fan club

              Comment


              • #8
                Re: Credit card companies pay out £50K compensation for ONE woman's claim on mis-sold

                Originally posted by enaid View Post
                The interest received is taxable not the full amount
                http://www.bbc.co.uk/news/business-18032740

                Comment

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