Is my pyament correct from axa

[beanybaby.80]

hI can someone help me as not sure two chqs are correct they sent me 2 chqs as follows

PPI owed was £419.37
card started 30/11/1996
ended 13/8/2005
total offered is £870.75 i do have original agreements if that would help

the other was
PPI owed was £42.18
card started 5/4/1997
ended 13/8/2005
total offered £108.37

please can anyone help would be appreciated

[Amethyst]

Re: Is my pyament correct from axa

As the PPI was on cards it was paid as a small amount each month depending on your card balance. The 8% per year interest is calculated from the date you paid each amount. Both offers seem okay even had the PPI been paid in a lump sum at the date of inception of the card ( ie if you just put a straight 8% per year on it actually works out less than the offers are for)

[beanybaby.80]

Re: Is my pyament correct from axa

[QUOTE=Amethyst;680480]As the PPI was on cards it was paid as a small amount each month depending on your card balance. The 8% per year interest is calculated from the date you paid each amount. Both offers seem okay even had the PPI been paid in a lump sum at the date of inception of the card ( ie if you just put a straight 8% per year on it actually works out less than the offers are for)[/QUOTE