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RBS PPI offer - too low? Help wanted!


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Hi,

 

Just looking for a quick steer if poss - RBS have offered me £956 for PPI for two loans, looking to understand roughly if this is a massive under offer or not.

 

The loans were:

 

2004 - 2009, £4000 borrowed with approx. £120 paid each month for 3 years and £45 per month for the last 2.

 

2007 - 2010, £3000 borrowed, approx. £140 paid each month.

 

Both loans paid as agreed, both with PPI.

 

Any rough ideas of the reasonableness of the £956 offer?

 

Thanks,

 

Mark

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Hi Mark, welcome along

 

Have a read of No.1 in my signature which will show you how to calculate the amount you should receive.

 

There are spreadsheets at the end to help you with the figures.

 

Shout here if you need help.

 

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