• Welcome to the LegalBeagles Consumer and Legal Forum.
    Please Register to get the most out of the forum. Registration is free and only needs a username and email address.
    REGISTER
    Please do not post your full name, reference numbers or any identifiable details on the forum.

PPI Reclaim offer accepted then offer recinded

Collapse
Loading...
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • PPI Reclaim offer accepted then offer recinded

    Hi

    I would like some legal advice about the following if anyone can help?

    2 weeks ago I received an offer after claiming for a mis sold PPI policy.

    When I originally put in a claim for mis selling, I stated that I had already had cashback which was payed after 5 years of not claiming, and that I understood that any settlelment would take this into consideration. The loan has been in place for over 6 years.

    I received an offer which was worded as a goodwill gesture and without prejudice, for a full refund of the premium plus interest which would be taken off the loan balance, and returning the monthly payments made towards the policy to me.

    I accepted this offer in writing 2 weeks ago.

    Today I have received a further letter stating that they made a mistake and now notice that I have received the cashback. This error now means that the settlement is greatly reduced and one of the options offered would mean an increase in my loan balance! In the letter they acknowledge receipt of my original signed acceptance.

    I would like to know where I stand legally on this matter, and what steps I should take next. Should I try and get them to pay out on the original offer made, or would this risk not getting anything at all?

    Any advice would be great

  • #2
    Re: PPI Reclaim offer accepted then offer recinded

    Hi

    I know some time have gone by, but what happened on this one after?
    Thanks.

    Comment

    View our Terms and Conditions

    LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.

    If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.


    If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.
    Working...
    X