With all the doom and gloom surrounding the financial crisis we thought we would share some of our fantastic success stories regarding our PPI claims.
The largest succesful claim we have had for credit card charges has been £2,441 and the largest succesful PPI claim on a credit card has been a whopping £32,757. The customer who recieved this enormous refund is planning a lenghty vacation with his new found wealth.
The largest succesful claim we have had on a loan was a staggering £19,699. This customer was not even aware that they had been charged for PPI. There are a number of ways you could be paying for PPI without your knowldge. A lot of PPI policies were added onto loans withoutthe customers knowledge. If you have had a loan and even if you think you did not take out PPI, it is still highly likely that you have been wrongfully charged for PPI.
To find out if you have been charged for PPI is free and could result in you receiving thousands of pounds. All you need to do is contact one of our expert advisors and you could have claim that will pay for your next holiday or help you pay off any debts.
Lloyds banking group have reported a £3.2 billion first half loss due to the setting aside billions to repay the customers Lloyds ripped off by mis selling Payment Protection Insurance. I wouldn’t feel too sorry for them though as even with the first half loss they are still showing profits of £1.1 billion.
Lloyds PPI claims bill currently stands at £3.2 billion making it the largest of any UK bank. This highlights Lloyds as the nation’s worst offender when it comes to mis-leading customers and trying to deprive them of their hard earned cash. Are we now supposed to feel sorry for them because they have to pay back the illegally gained money?
Let’s not forget the money Lloyds has made off the interest on the PPI money they have delayed paying back. I wonder what the interest is on £3.2 billion. I can assure you it’s more than enough to line the greedy pockets of the bankers. In January Lloyds admitted that nine of its employees earn over £3.4 million a year.
The FSA revealed that in 2009 more than 2,800 bank staff earned over £1 million across the 27 banks regulated by them. Despite the financial crisis and bank bailouts we have still seen huge bonuses paid to bankers this year.
I think its about time we told these banks enough is enough and stopped the exploitation of the British public. We can begin by claiming back every penny the banks took in PPI. To make your PPI Claim contact one of our expert advisors.
Insurers and the FSA have been citiscised for their part in the mis-selling of PPI.
While attending the Association of British Insurers’ last week in London, Financial Ombudsman (FOS) Chief, Natalie Ceeney commented that the insurance sector has a collective responsibility to act when it is made aware of bad practice. She also went on to say “I have had a lot of insurers say to me privately that they knew their product was being sold badly and with hindsight mabye they should have intervened earlier. I believe they should have.”
A sentiment I completely agree with if you provide a service then surely you would want that service to be sold correctly and appropriately. It is clear that in this situation sales were of a much higher importance than service to the insurance companies a situation that tends to arise all too often for banks and insurers. If the banks and insurers concentrated even half as much on customer service as they do on selling new products to customers then possibly scandals such as PPI mis-selling could be avoided. However I’m not in the slightest bit suprised by the failure of Banks and insurance companies to act responsibly after all there is money to be made. The big suprise in all of this is the failure of the FSA, the financial regulator, to intervene earlier.
Highclere Financial Services partner Alan Lakey had this comment on the matter ”There is an element of truth to what Natalie Ceeney has said but it is the FSA that has an obligation to protect consumers and it was made aware about the problems with PPI a long time ago, so the regulator should have stepped in as well as insurers.” Last year the FSA recieved the most complaints in their 10 year history and PPI complaints formed a high percentage of all complaints recieved. The Bank with the highest number of complaints between July and December 2010 was Barclays Bank with 276,315 complaints. The FSA has said that its successor the FCA will learn from the mistakes of the past and will move quicker to identify risks and prevent mass mis-selling. They have also said that they will adopt a much stronger aproach, something they failed to do in regards to the mis-selling of PPI.
In order to improve the service supplied to customers by banks and insurance companies it is imperative that the financial sector is regulated in a more succesfull manner and that problems within the sector are addressed as soon as possible. It is however just as improtant that we, the customers, make a complaint if we are treated unfairly by the banks or insurance companies. It is said that customers are more likely to get divorced than they are to change banks something which needs to change. I think its about time we draw a line and refuse to let theses companies get away with providing poor service while emptying our wallets. It is our civic duty to claim back any PPI that has been mis-sold to us so the banks may think twice before defrauding their customers again.
The Financial Services Authority (FSA) has given the HSBC extra time to deal with a backlog of mis-sold ppi complaints from their customers. The FSA had also given the same to other high street banks, such as Lloyds, Barclays and RBS earlier this week. Normally, banking institutions would have to deal with mis-sold ppi complaints within eight weeks. However, due to the increasing numbers of mis-sold ppi refunds and other complaints from the bank customers, firms need extra time to deal with each customer’s complaint to make sure that every case is being handled properly.
Thousands of complaints were put on hold during the recent High Court hearing and now they must be settled by the end of August this year. New complaints received since the end of the judicial review on the 20th of April, but received before the 31st of August must be dealt within 16 weeks upon filing. Ppi complaints received after the end of August but before the end of this year can be dealt within 12 weeks. From then on, the normal eight-week procedure will be applied.
According to the FSA, the arrangements extend the time periods of HSBC to deal with their backlog of stayed mis-sold ppi claims and other ppi related complaints and the high volume of new complaints on ppi and have been put in place to make sure that the financial firms are able to handle the mis-sold ppi complaints of their customers properly.
Understanding PPI and whether you have an eligible PPI refund claim can be tricky, so we thought you might want to know the three easy steps you can take to see if you have a claim.
1. First you need to find out if you have a PPI policy, you can find this out by looking at the original paperwork for your loan. If you can’t find it, you can request a copy from the lender.
2. While there, also request a copy of your PPI policy’s terms and conditions if you can’t find them and be sure to ask for the original T’s & C’s at the time of your agreement as terms can change.
3. Once you know you have a policy, you can establish how much it’s costing you and whether you’ve been mis sold by speaking to one of our team on 0800 840 7292 or have a chat with an industry expert.
So, there’s three simple steps that will help you find out if you have a policy, if it was mis sold and how much you may be owed. Go do it now! Or if your prefer, we can take care of it all, from requesting paperwork to chasing your lender and securing a payout. Sound good? Get started now…
The so called mis sold ppi is a kind of unfair deal that gets one consumer to pay unusual amounts or amounts that they don’t know. Anyone can be a victim and you may have been involved with it during your application for loans, mortgages, credit scores, store scores and other related transactions. If you have been mis sold PPI then you could make a PPI reclaim and get all of the unfair payments you’ve made, back in your pocket. To start your PPI reclaim, give one of our experts a call now on FreePhone 0800 840 7292.
To know more on how to get claims in regards to your mis sold ppi, you will have to search it for yourself over the net or contact a special person who has complete knowledge of the matter. Claims specialist can be a good option for you if you don’t have your own solicitor. You can contact them via phone and they can give you good offers nowadays with lesser cost and hassle. To give your PPI reclaim the best possible chance of succeeding, give one of our friendly experts a call now on 0800 840 7292.
Mis sold ppi is the act of a lender to sell you PPI or payment protection insurance that you may not actually need. Payment protection insurance may be sold unfairly. Lenders may have used some schemes to get you under their tab without you knowing. And you should know that you can get refunds and claims for these unfair deals. Go ahead and ask information about these. If you have been mis sold PPI then you could make a PPI reclaim and get all of the unfair payments you’ve made, back in your pocket. To start your PPI reclaim, give one of our experts a call now on FreePhone 0800 840 7292.
Mis sold ppi is a thing that you should work on to and investigate. Remember that the best time is now and help is easily found almost anywhere. So work on them as fast as you can. Good luck. To give your PPI reclaim the best possible chance of succeeding, give one of our friendly experts a call now on 0800 840 7292.
Have you known that bank charges may have some unfair deal with you as well? You may have to pay high on late payments that may be based from a mis sold mortgage; this is difficult for you will have to pay a good amount due to the fact. You should know that this amount is hard to achieve. You may not know it but you may be paying more than you can actually afford. These are unfair dealings and your bank may add up to the problem. If you have been mis sold PPI then you could make a PPI reclaim and get all of the unfair payments you’ve made, back in your pocket. To start your PPI reclaim, give one of our experts a call now on FreePhone 0800 840 7292.
Mis sold mortgage is just one of the many concerns that may add up to your pending and unbelievable bank charges. You may want to get hold of more information like PPI or payment protection insurance and other concert hat you may need help from. Get the most of these and act on it. To give your PPI reclaim the best possible chance of succeeding, give one of our friendly experts a call now on 0800 840 7292.
Have you been unfairly sold to an insurance policy without even knowing it? Have you paid charges that automatically take from your account and not know exactly what it is? Or have you tried to not pay it and cancel everything and you learn later on that you have to pay the remaining balance that you haven’t completed? These are just possible scenarios that you may have been affected. Mis sold ppi should be corrected as early as today. If you have been mis sold PPI then you could make a PPI reclaim and get all of the unfair payments you’ve made, back in your pocket. To start your PPI reclaim, give one of our experts a call now on FreePhone 0800 840 7292.
Mis sold ppi is a violation to your rights and also respect has been damaged as well. Try to read the guidelines that were recently sent and double check if you fall under the people who are entitled.. Also if you have some doubts or if you fall under situations that you need help then you contact one of our experts. To give your PPI reclaim the best possible chance of succeeding, give one of our friendly experts a call now on 0800 840 7292.
Were you forced to pay or unknowingly paid any amount for PPI? You might be one of the thousands of employees and workers who have encountered mis sold mortgage. You actually have a right against this kind of unlawful doing. And you can contact experts who work on these kinds of cases, PPI claim authorities can help as well. If you have been mis sold PPI then you could make a PPI reclaim and get all of the unfair payments you’ve made, back in your pocket. To start your PPI reclaim, give one of our experts a call now on FreePhone 0800 840 7292.
Work on this and stop any payment to any of this mis sold mortgage. Before getting easy on all the charges done to your card and bank, you should at least have a concrete idea of the service. Services like this who fails to give their expected task shouldn’t be introduced to the public. Experts who can help you get the amount would be a good option to take for this one. To give your PPI reclaim the best possible chance of succeeding, give one of our friendly experts a call now on 0800 840 7292.