PPI Interest confusion...

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Foggy

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Post by Foggy » Mon Jul 08, 2013 8:41 pm
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font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by MelanieGiles

Maybe they prefer to work their own fees out on the gross receipt, rather than the net after interest?
I believe that will probably be the case. From what I have briefly seen of other calculations, some IP's calculate their 15% on the headline gross. Then the claims company calculates their 30-ish%, again on the headline gross.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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MelanieGiles

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Post by MelanieGiles » Tue Jul 09, 2013 12:56 am
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There may be nothing wrong with that Foggy to be honest. I would probably do the same.
Regards, Melanie Giles, Insolvency Practitioner
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Pandy

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Post by Pandy » Tue Jul 09, 2013 7:06 am
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To be honest, we were not expecting anything, don't think it is going to be a lot after their email, we worked out it was approx £350 fr the 8% interest on the total now there are costs etc probably only going to be less than £100, knowing how greedy these companies are. Was hoping there was going to be enough to replace my dishwasher that broke a few weeks ago, (hubby doesn't like the marigolds in this weather :-) ) doesn't look like there will be or that we are going to get it anytime soon. oh well back buying bulk bottles of washing up liquid.
If life is what you make it, I must have been in a strange mood when I made mine
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