CPP and CAP1

[gerson]

Hi,

 

I sent a Claim to CAP1 regarding PPI and CPP. They have upheld the PPI but have totally ignored the CPP.

 

According to the Information available so far, I should have received a letter by now but this has not happened.

 

How best should Progress this...

 

CPP began in April 2003 (after cancelling PPI) until finally cancelled in March 2006

 

Thanks

 

G

[gerson]

Update,

 

 

CAP1 have decided to refund the CPP payments made in full without any interest included - is this normal??

 

 

G

[t18con]

honestly don't know how this has happened. I thought all cpp persons were waiting for the vote on redress ( which I believe only happened yesterday)

 

 

http://t.money.uk.msn.com/news/%c2%a313bn-payout-for-cpp-customers

 

 

don't know how you've beaten the queue!!!

[gerson]

Update:

 

Cheque received for the premiums paid ONLY - no interest given (not even 8%)

 

G

[ims21]

As you approached Cap1 themselves and they are offering redress the it seems that the CPP scheme will not be applicable.

 

That being the case I would have thought that the similar rules to PPI redress should come into play so that any associated contractual interest should be paid together with 8% if the removal of the CPP puts the account into credit.

 

Have you done any calculations as to the amount you feel you ought to be getting back?