Trying to assess likely PPI charges to reclaim against old storecard ('94 - '98).

Unsure which of the spreadsheets to use?

I have all the statements and they show an 'annual charge' being applied for PPI - not monthly.

So not really a single premium type policy on a loan

- but equally is based on an annual charge which does attract interest I'd be paying during course of year - or greater - if balance to limit?

I will likely have to follow through small-claims process when they reject my claim

- so not really concerned with FOS calcs of redress as sure they'll say not appropriate as facility so old?

Any thoughts appreciated please?

is this your GE Debenhams card?

No - but in similar vein!! This is a Burtons storecard - but same organisations involved. They have not provided any decision on this account - just asked for more time to investigate but I'm fairly sure I know their next letter! Same as Debenhams account and won't accept any responsibility? (Satan's that is). They still have not complied with SAR as yet (6 days remaining)

ppi is never yearly on a card

you sure its not cpp

Yes - confused me!

Clearly identifies on statements 'Premium to protect payments' £47.50. It appears on 1st statement - Feb 94 - and then every Feb statement thereafter??

Thanks Dx

- lots to read but few comments fairly old now and fear situ may have changed

- and still not sure which spreadsheet to use as no-one seems to have progressed?

It does seem that not a lot of people have much success with these culprits?

But will press ahead regardless .....

Odd - that nobody else seems to have identified unusual 'annual' PPI premiums on Burtons card even though some comments from similar era?

you'd need to see statement to work out if they charged compounded int at the card rate.

Really difficult to do - as they dont detail on statement what interest rate they were charging!! Just "interest will be charged at applicable rate"!! That helps!

But it does seem as though the PPI premiums were just lumped in with the other transactions providing a total o/s which they charged interest on? Rough calc seems to suggest 2% per month on total - but can't break down?