Thread: To cash or not to cash a cheque..

My boyfriend has recently started the process of trying to uncover mis sold PPI's as well as recover bank charges and mis sold loans....

He had an original loan from HBOS which was redrawn 1year later which in turn was sent to blair oliver and sons (another nightmare) however they have now sent us one cheque for the original loan for £320 for mis sold ppi and been notified of a further £1100 which has in turn cleared his arrears with hbos.

Now based on some reading I have been doing (i am a complete novice but a lot better than him financally) I think that if the ppi was originally included in the loan there will be implications on the redrawn loan which I am unsure if they have at the clearing of arrears stage have taken in to account....

My question is...if the cheque is cashed is he accepting that the case is shut or can we still pursue that part of the redrawn loan was possibly not correct due to the ppi and any charges included.

Hope that makes sense..

did HBOS not enclose a settlement letter with the cheque

There was a settlement letter included which states that there has been a recalculation but it doesn't seem to mention the start point of the new loan so whether the PPI removed from the first loan has been taken into account.