Hi all.
I am putting together a LBA to the halifax regarding miss selling of Credit card PPI. The information came back as requested in the SAR and looking into The credit card was taken out in February 2003 and from that date credit card protection was taken out. On investigation a agreement was not signed for the credit card until June 2007. So as my partner suspected the card was just sent with no credit agreement attached to it until 2007. The question is that the intrest charged on a credit card is far in acsess of the 8% and the PPI element is added to the outstanding balance. Would it be unreasonable to ask for the intresat paid on the PPI element to be refunded in full as if i win and they pay back PPI to date plus the 8% my partner in theory will be still well out of pocket. Any advice would be great.
Thanks.
I am putting together a LBA to the halifax regarding miss selling of Credit card PPI. The information came back as requested in the SAR and looking into The credit card was taken out in February 2003 and from that date credit card protection was taken out. On investigation a agreement was not signed for the credit card until June 2007. So as my partner suspected the card was just sent with no credit agreement attached to it until 2007. The question is that the intrest charged on a credit card is far in acsess of the 8% and the PPI element is added to the outstanding balance. Would it be unreasonable to ask for the intresat paid on the PPI element to be refunded in full as if i win and they pay back PPI to date plus the 8% my partner in theory will be still well out of pocket. Any advice would be great.
Thanks.
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