Did you take out a Barclaycard credit card?
Barclaycard is the credit card division of Barclays Bank and was first created in 1966.
PPI is intended to help consumers make their credit card payments if they are unable to work for whatever reason. However, policies were often mis-sold to consumers who either didn’t want them, or those who were not eligible. In some cases, card holders weren’t even told it had been added to their account.
Do You Have PPI?
Policies have been mis-sold to millions of customers. It is believed that the financial industry has already paid out over £26bn, however many experts estimate that this figure could rise drastically.
How do I know if I was mis-sold?
There are many ways in which you may have been mis-sold your Barclaycard PPI policy.
You may not even know you had it because it was added to your agreement without your knowledge.
- PPI is always optional. If you were told you had to have it you were mis-sold.
- If the costs of the policy and how what you pay was calculated each month were not explained, you were mis-sold.
- Were any of the policies exclusions like employment status or pre-existing medical conditions explained to you?
- Were you made aware that if you could meet your payments from your sick pay then you didn’t need a policy?
If any of the above scenarios applies to you then you could be eligible to make a claim to get back any money that’s rightfully yours.