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Hello
Sorry if this has been explained in a previous thread.
I just received a letter from Bank of Scotland upholding my PPI complaint. They are refunding my PPI payments which comes to around £850, and they are refunding the interest that I paid on those payment which comes to around £15 (the credit card was closed in 2009).
All of the other PPI I have reclaimed (barclays and tesco) have paid interest up until the day that they have refunded the PPI to me, to put me in the position that i would have been had i not had the ppi in the beginning. BOS have not done this. When I queried this with them they said they are following FSA guidelines. When I asked him to explain the FSA guidelines to me, he could not.
Does anyone know what the FSA guidelines say about interest.
Sorry if this is unclear, happy to explain further if needed.
Thanks in advance
Charles
Sorry if this has been explained in a previous thread.
I just received a letter from Bank of Scotland upholding my PPI complaint. They are refunding my PPI payments which comes to around £850, and they are refunding the interest that I paid on those payment which comes to around £15 (the credit card was closed in 2009).
All of the other PPI I have reclaimed (barclays and tesco) have paid interest up until the day that they have refunded the PPI to me, to put me in the position that i would have been had i not had the ppi in the beginning. BOS have not done this. When I queried this with them they said they are following FSA guidelines. When I asked him to explain the FSA guidelines to me, he could not.
Does anyone know what the FSA guidelines say about interest.
Sorry if this is unclear, happy to explain further if needed.
Thanks in advance
Charles
