ppi- i won

**gtgiggs** · 11th June 2009 20:00

hi, recieved a letter from HBOS icon

today regarding 3 loans, 1 present and 2 settled.
they are going to pay an amount and put me back in a position i would have been in had i not taken out the insurance. The total including interest icon

is £7159.

sorry for bein a dumb ass but does this mean i get it all back or do they alter the amount depending on how long the loan was active before being settled?
all 3 were single premiums by the way,
i am not in arrears in the current loan so hopefully all the pennies will get put into my bank

**pompeyfaith** · 11th June 2009 20:08

Firstly Well Done

Now I have heard of many cases where they offset the amount against any other Loan.

This should not happen as being put back in the position you would have been would mean that this money was in your pocket and not theirs.

Also it can be argued that the PPI icon

is not part of the Loan so should not be used it offset this.

I would also point out that in all cases that the fos icon

deal with the money goes to the consumer.

PF

**gtgiggs** · 11th June 2009 20:16

lets hope they dont be funny buggers lol.
it states in the letter that if you are in arrears then the redress will be used to reduce or clear the arrears,
my loan aint in arrears so hopefully its going to come my way. they say that they anticipate the payment will be within the next month but knowing HBOS icon

i dont believe that, it was a long 8 weeks but the outcome was sound.

**dx100uk** · 11th June 2009 20:47

can i ask how old were these a/c's, not past 6yrs were they?

dx

**gtgiggs** · 11th June 2009 21:06

the oldest being feb 2004, newest one is nov 2007 and still running. why you ask?

**dx100uk** · 11th June 2009 21:29

i'm just trying to get PPI icon

back further than 6yrs with another bank
they;re wriggling !

dx

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