How much could I get?
If your complaint is upheld, we would ask that your are refunded the following:
A calculation of the monthly payments that you have actually paid towards the overall loan in excess of those you would have needed to make, if the original loan had been sold without the PPI policy;
A restructuring of the loan going forward (if it is still in place) so that the amount owed, the monthly repayments, the term and the charges reflect those that would have applied, if the original loan had been sold without the PPI policy; or if the loan was terminated early, then a comparison of the settlement costs that you incurred with those you would have incurred, if the PPI premium had not been added to the loan;
The cancellation of the PPI policy (if it is still in place) – with any rebate in premiums being set against the costs incurred by the financial business in paying the redress;
The addition of interest (normally at the rate of 8% simple per annum) to any excess payments made by you – from the time each payment was made to the point the financial business pays them back to you;
Consideration of a payment for distress and inconvenience.
If your complaint is upheld, we would ask that your are refunded the following:
A calculation of the monthly payments that you have actually paid towards the overall loan in excess of those you would have needed to make, if the original loan had been sold without the PPI policy;
A restructuring of the loan going forward (if it is still in place) so that the amount owed, the monthly repayments, the term and the charges reflect those that would have applied, if the original loan had been sold without the PPI policy; or if the loan was terminated early, then a comparison of the settlement costs that you incurred with those you would have incurred, if the PPI premium had not been added to the loan;
The cancellation of the PPI policy (if it is still in place) – with any rebate in premiums being set against the costs incurred by the financial business in paying the redress;
The addition of interest (normally at the rate of 8% simple per annum) to any excess payments made by you – from the time each payment was made to the point the financial business pays them back to you;
Consideration of a payment for distress and inconvenience.
