PPI offer settlement

[jerrylc10]

Hi All I wonder can you help.

 

I have just received a letter of offer of settlement of PPI from NRAM--Northern Rock.

 

They have made me an offer but have given me two options of acceptance.

 

Offer 1

states that I can have the refund in full but I confirm that I have arrers.

 

offer 2

states I put the payment towards arrers.

I cant make the jargon out and they wont give me a proper ans..

I want to know if I accept the money ,which would help me emmensily at the moment, would the bank demand reypayment of the arrers immediatly.

 

I am at present paying off the loan through a plan with Paypln at a reduced rate and am also worried this may also be effected.

 

I cant help feeling that yes they have admitted their error and owe me this but thay say I owe them more

so tough it will have to go towards hat or else we wont playball qwith your plan.

seems unfair but is that the way the cookie crumbles? After all folks its our bank !!!

can anyone advise

thanks

[Bazooka Boo]

Trying to hold you too ransom and bribe you??

And it is YOU who calls the shots, not them.

 

Regardless whether or not you have 'arrears' with them, they owe you this money, and to attempt to bribe you into admitting something which is already obvious is exactly why we on this bank.

 

I find the whole banking industries attitude ridiculously arrogant.

[ims21]

Hi

 

I would suggest that you are in financial hardship if you are paying off debts through pay plan.

 

The banks are not allowed to take retaliatory action as a result of PPI claims, especially where there is a case of hardship involved. Fos would be interested to hear of that is the case.

 

They have actually been quite good to you here by giving you the option. Many lenders will use their right of set-off against arrears without giving an option.

 

If it were me I would take the money and you can then use it as you decide....that may of course include putting some in to the pay plan to help reduce your debts.

[ims21]

Two threads merged and tidied.

 

Please don't start multiple threads for the same issue.

 

Ta