Something that has been mentioned more than once by the readers of this website, are questions in relations to the interest that is refunded to people that have successfully reclaimed their ppi compensation.
This articles’ purpose is to explain to the readers and any customers about the interest rate that is added to any ppi refunds on the claims.
What Is The Rate Of Interest That Is Attached To PPI Claims?
The rate of interest is 8% interest on the balance that you paid to the loans company, this means, that if you paid £4,000 in payment protection insurance repayments, you will be due an additional 8% on top of that amount, as this is the statutory interest that is added to the balance that you paid out.
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