:|Pretty much as I expected ,but thanks for any responses..none the less. The PPI that I am claiming for is made up of three separate policies with the amounts broken down, meaning I have three 8% amounts, three redress amounts and one less claims already paid.(less claims is on the policy that is outstanding) But the amount on the confirmation is all three combined with agreement to reduce outstanding debt. Am I in a position to bargain with the bank? I mean, if I was to refuse to sign acceptance of payment due to not agreeing (understanding) the terms they have set, would they budge at all or would they just let the whole thing go? (Im not really going to lose out either way as they are effectively only paying themselves) Am I in a position to ask if I can pay a portion of the debt and make a payment plan for the rest? If so who would I ask? And how would I go about asking? Or should I try to exercise my statutory right to waive Off-Set (if I have one) If I cant have it I don't see why I should let them! I am already in financial hardship and this money would mean prospect of future employment. Thanks again.

Hi I'm new to the site,any help would be greatly appreciated. Can anyone please tell me if a Won PPI claim that is awaiting acceptance can be used to repay an out standing loan that has been sold and re-bought by the original lender? ie..HSBC to Compello then Compello back to HSBC,now managed by Ceneral Debt Recovery Unit on behalf of HSBC. Also, I read here about a statutory right to waive set off, link below (add W W W.) is there any truth in this? 31.9A.80 Compensation received, set-off not applied; insolvencydirect.bis.gov.uk/freedomofinformation/technical/technicalmanual/ch25-36/chapter31/part9A/Part 5/Part 5.htm Thanks for any response