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8% interest not paid with a PPI refund

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  • 8% interest not paid with a PPI refund

    Hi All, My other half has had two store card PPI refunds from Santander. On one of them though they have not paid out the 8% compensation interest saying that the card would always have been in debit even without the PPI premiums. This is the first time I have heard of this and was wondering what anybody else might think. She is still in time to go to FOS.
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