Hi, I have put in a claim with my bank regarding the miss selling of the PPi. I have recieved a lengthy letter from them today saying that they have reviewed the claim, basically saying that I signed the agreement and application forms, they say that I was sent the loan protector certificate (which I can not ever remember seeing) They have checked the member of staffs RECOLLECTIONS who says that they would have followed the banks process blah blah blah.... That the poilicy was sold on a "non advice basis" The upshot of it all is that they are turning down my claim BUT as a gesture of goodwill they have offered me £750 without any admission of liability!!!
Now what do you think? The full insurance premium was £1263 added on at the beginning of the loan and the monthly payments are £25.95, this was taken out in 9/2004. Just wanted to know your thoughts.
Also I still owe on the loan account would they simply pay the £750 towards that account or as it was an front loaded premium would they have to repay direct to me?
Now what do you think? The full insurance premium was £1263 added on at the beginning of the loan and the monthly payments are £25.95, this was taken out in 9/2004. Just wanted to know your thoughts.
Also I still owe on the loan account would they simply pay the £750 towards that account or as it was an front loaded premium would they have to repay direct to me?
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