Really appreciate you getting back to me. Thanks. Ok - I've got statements up to 2008 but not beyond so I'll have to get hold of those. If you have time to answer one more question, as a general rule, is it the case that if my credit card was not in credit, but in deficit (if that's the correct word) then in the years from 2006 onwards, compound (or compensatory) interest keeps accruing on the PPI amount that was charged between 2004 and 2006?

The account itself is still open. It's just that the PPI apparently stopped being charged in 2006, Sorry if I'm sounding grasping - really don't mean to sound that way! I'm just genuinely confused.

Many thanks. I'll have to admit to being confused about how this is precisely fair - as surely if they 'created' this debt (I never signed up to it) they should mop up the interest compounded on that debt for its entire extent (as 8% simple interest comes to far less than compound interest). Am I alone in thinking this? But at least I know that they are following the regulations.

Hello there - I had an Egg credit card which had PPI from 2004 to 2006 - inappropriately sold to me. I complained and Barclaycard have offered me a settlement. I'm confused about the compound interest quoted though - they seem to have calculated the compound interest from 2004 to 2006 - whereas I had thought that given they have wrongly had this money since 2004 till now, the calculation of compound interest should run till now. Who is right? Really grateful in advance for any advice!