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......by £19k but refuses to explain why
A PPI mis-selling victim who was originally offered more than £22,000 in compensation by Barclaycard only to see the offer slashed to £3,531 has been left in the dark after the company refused to reveal how it came to the dramatically different calculations. The 48-year-old victim was fuming after the original offer of £22,319 was revised down following a review by Barclaycard. He had paid premiums for mis-sold payment protection insurance on his credit card for more than 20 years between 1989 and 2011. The victim's experience was first described by This is Money in February. We have since identified a discrepancy in the way Barclaycard calculated its second far lower, but Barclaycard has claimed it would breach commercial confidentiality to discuss how it arrived at the figure.....Read more here
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