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PPI CLAIMS DEADLINE
29th Aug 2019


Blackhorse PPI claim

You could be owed £1,000s in PPI compensation if you ever had Car Finance or a Loan with Blackhorse.

Start your FREE Blackhorse PPI Check below:

PPI DEADLINE FAQs

Is There Any Leeway In Deadline Timing?

No – the deadline is absolute. If the claim is not properly logged with the lender before midnight on August 29th it will be officially time-barred.

I already have a case(s) going through with you, what will happen to them?

The deadline is for new claims only. All existing claims will be investigated and decided normally.

I have had a case with FOS through you for ages – what will happen to it now?

All FOS investigations of current claims will be unaffected by the deadline. It is for new claims only.

Will the deadline cause any delays in my case?

No – existing cases will be processed as normal with a final decision expected within 8 to 16 weeks of acknowledgement of the claim by your lender.

What if the bank wants more information?

A request for further information from the bank means that it has been accepted and is under investigation. The usual timescale of 8 to 16 weeks for a decision will still apply.

Why is there a deadline?

The deadline was set in place by the Financial Conduct Authority (FCA), which is the UK’s financial regulator. It’s chief executive, Andrew Bailey, said at the time: “Putting in place a deadline and campaign will mean people who were potentially mis-sold PPI will be prompted to take action rather than put it off. We believe that two years is a reasonable time for consumers to decide whether they wish to make a complaint.”

“We have carefully considered the feedback we received and we still believe that introducing a deadline for PPI complaints and a communications campaign warning of the deadline will benefit consumers.”

What happens after the deadline?

The deadline is for new claims only. If your claim has already been lodged with your lender then it will be fully investigated.

What happens if my case is rejected by the lender?

If your claim is rejected then it will be passed to our specialist team who will evaluate the terms of the rejection to see whether an appeal to the Financial Ombudsman Service (FOS) might be possible and advise you of their findings.

PPI DEADLINE 29th Aug 2019

IMPORTANT NOTICE!

WE ARE NO LONGER ACCEPTING NEW PPI CLAIMS!

Due to the proximity of the PPI deadline, we are no longer accepting any new PPI claims to allow us to process existing PPI Claim enquiries

Please be assured, if you have already enquired about a PPI Claim with Money Management Team Limited we are processing your enquiry and will update you as your claim progresses. If you need an update in the meantime, please contact us.

You can pursue your own claim direct to the firm to obtain a refund. You can do this for yourself at no cost and then use the Financial Ombudsman Service or Financial Services Compensation Scheme (FSCS) which are both FREE.

Dont Miss the 29th Aug 2019 PPI Deadline!

£Millions Remain Unclaimed!

black-horse-ppi-claim

What Is Blackhorse PPI?

Blackhorse payment protection insurance (PPI), was designed to cover the borrower for loan repayments if the borrower was unable to meet loan repayments due to unemployment or sickness and illness. The PPI was sold with as an additional product by Blackhorse for on their loans or car finance products.

Blackhorse PPI normally secured instalments for at least a year or 12 months, this gave the borrower enough time to seek alternative means for meet repaymemts, for example, returning to work.

How Was Blackhorse PPI Mis-Sold to Consumers?

Some Blackhorse PPI arrangements were sold without the buyer being aware that PPI was included onto their credit loan or car finance. In some cases Blackhorse told the borrower that their application for credit would only be approved if they take out the payment protection insurance too. This led to many borrowers being forced to take Black horse PPI to secure the credit despite the fact that they may not of ever need it.

Were You Been Mis-Sold PPI By Blackhorse ?

If any of the statements below are relevant to you at the point of sale, Blackhorse may have mis-sold you PPI:

  • Were you unemployed, self-employed or retired when you were sold your PPI policy by Blackhorse?
    • If you were unemployed, self-employed or retired when Blackhorse sold you, the PPI policy would have been of no benefit to you as would not have paid out.
  • Were you in any way pressured into purchasing the Blackhorse PPI policy?
    • A basic evaluation of your personal circumstances to decide whether PPI would benefit you should have been conducted by Blackhorse, without pressurising you.
  • Did Blackhorse make you aware of any exclusions or circumstances in which you would not be eligible to make a claim?
    • If you weren’t told by Blackhorse about the exclusions, or circumstances in which you couldn’t claim, you may have been mis-sold your Blackhorse PPI policy.
  • Did Blackhorse explain the PPI policy exclusions, or circumstances in which the policy would not pay out,
    • if the answer is no, you may have been mis-sold your Blackhorse PPI policy.
  • Did you know that Blackhorse had added PPI to your agreement?
    • If you didn't know PPI had been added to your credit agreement by Blackhorse, it might have been included without your knowledge or consent or you may have mistakenly opted into to purchase the PPI policy during the application process.
  • Did Blackhorse explain about your cancellation rights?
    • Blackhorse should have made you aware about your right to cancel your PPI policy within the cooling off period usually anywhere between 7-28 days.
  • Did Blackhorse PPI policy clearly explain the total cost of the PPI policy to you at the point of sale?
    • Blackhorse should have clarified each part of the costs associated with the PPI policy. Inability to do as such would be viewed as a major mis-offering factor.
  • Did Blackhorse lead you to believe that purchase of the PPI policy was compulsory to your finance agreement?
    • If this was the case Blackhorse should have checked if you had any pre-existing cover elsewhere or made your aware that you had to right to shop around, Blackhorse should not have just sold you another PPI policy.
  • Did Blackhorse ask if you already had PPI cover elsewhere that would of covered repayments?
    • Blackhorse shoud have inquired as to whether you had prior PPI cover somewhere else as this would have been adequate.
  • Did Blackhorse inform you that part of your PPI premiums may have been paid as commission?
    • No, under the new Plevin ruling this means that if over 50% of your PPI premiums were paid in commission to Blackhorse, you were mis-sold and so are due a PPI refund of commissions.
  • Did Blackhorse check whether your age was above the upper age limit for thier PPI policy?
    • If you were above this set upper age limit on the PPI policy at the time of purchase, you would not have been covered so Blackhorse should have checked this before selling you the policy.
  • Did you have any pre-existing medical conditions at time you were sold your PPI policy by Blackhorse?
    • If you were ever unable to work due to the pre-existing medical condition during the term of your Blackhorse PPI policy , you would not have been covered by the PPI policy.
  • Was the term of your Blackhorse PPI cover shorter than the finance agreement term and did Blackhorse tell you that there would be a period of time when you would not be covered?
    • If Blackhorse didn't explain that you would be unprotected for a period of time throughout the finance agreement, you have been mis-sold your Blackhorse PPI policy.

How Long Do I Have To Make A PPI Claim With Blackhorse?

The Financial Conduct Authority (FAC) announced a deadline for people to claim compensation for mis-sold PPI. Your Black Horse PPI claim must be made by 29 August 2019.

There have been millions of people who have already made successful claims against banks and lenders however, there are many more still to claim. If claims are not made before the deadline, it will be too late.

Was I Sold PPI by Black Horse?

If you ever had any of the following financial products with Black Horse, there is a risk that you may have been sold PPI and it may have been mis-sold:

The easiest thing to do is ask the bank or lender concerned if they sold you PPI or use PPIClaims.com to get a free check done.

How Can I Make a Claim Against Black Horse?

If you think you have a claim against any of the companies that come under the Black Horse Group for the mis-selling of PPI, you will need to provide as much information about the policy you had. The following information will help the Black Horse Group to process your claim:

  • PPI account policy numbers;
  • The dates of when you took the policy out and how long you had it;
  • How the policy was sold to you;
  • Your employment status when the policy was sold;
  • If you had any savings or other insurances in place at the time of taking out the policy;
  • The reason for taking out the finance and how much you paid off.

What are the Benefits of Using PPICheck.com?

There are benefits in using a company such as ours to make your PPI claim as the entire process is taken care by our case workers through our main brand Money Management Team Ltd.

We offer a free PPI check service to establish if you were sold PPI any financial products. The purpose of the check is to find out how many of your accounts have/had PPI. By going through this process other cases may come to light that you may have forgotten about.

If the checks reveal any PPI present on any of your accounts, you will be advised of your options on how to recover any PPI charges. Should you decide to proceed with PPIClaims.com we will require you to sign and return the relevant paperwork as soon as possible to begin your claims.

If your claim is rejected by the Black Horse Group, we will refer your claim to the FOS at no extra cost. The no-win, no-fee promise still stands.

How Do I Start my Black Horse PPI Claim With PPIClaims.com?

We’d like to discuss the details of your case with you, so your complaint can be lodged with Black Horse on your behalf as quickly as possible.

  • Start your Free PPI check process by using our online form. Completing the required information will help to establish if you have held a policy with Black Horse; or
  • Complete our online claim form to start your claim.

What are High Commission Levels?

Insurance providers paid banks and other lenders a commission for every PPI policy sold. The greater the number of policies sold, the more commission that is earned by the seller.

High-levels of commission is when you, the customer, has paid more than half of what you’ve paid for the PPI policy.

The FCA introduced new rules in March 2017 after a Supreme Court ruling in the case of Plevin v Paragon Personal Finance March 2017, which outlines how PPI commission complaints are to be dealt with.

The rule states that if the commission is over 50% of the price of the PPI, the claimant is entitled to the difference back plus interest.

Since the Plevin case, customers could complain about the level of commission paid for, that was not previously disclosed when the policy was sold to them. If the commission was high you may be entitled to compensation regardless of if you were mis-sold the PPI or not.

However, another case, Doran v Paragon Personal Finance June 2018, was decided by a District Judge in a County Court. He awarded the claimants all their high commission payments back plus interest.

The case of Doran does not set a precedent, like Plevin case does, as it was decided in a lower court and may yet be appealed by Paragon Personal Finance.

Customers who have already been successful in their claims for mis-selling cannot claim under the Plevin rules. This will still apply after the recent Doran case. Lenders will only consider claims for undisclosed commission if the customer has been rejected for a mis-sale.

If you feel that you have paid high commission for a PPI policy, you may be entitled to compensation, please complete our online PPI High Commission Check Form.

How Can the Plevin Ruling Affect my Case?

If you’ve already claimed and received a pay out, you cannot claim again.

However, if you had PPI in the past you may not have been mis-sold the policy, but you may still be due a pay-out. Banks now need to take into consideration the Plevin rules which means a previously rejected claim could be successful.

If your mis-sold PPI claim was previously rejected, you may be able to complain about the commission if:

  • The PPI policy was sold with the credit arrangement on or after 6 April 2007;
  • The PPI policy was sold with the credit arrangement before 6 April 2007 and was still running on or after 6 April 2008;
  • 50% or more of your PPI premium was pure commission for the lender which was unknown to you. The extra paid may be refunded to you.

Next of Kin Mis-sold PPI Claims

An area of mis-sold PPI that is often overlooked because many people do not know about it is claiming on behalf of a deceased spouse or other family member who has passed away. For example, if you knew your spouse was paying for PPI before they passed away and you have concerns if it was mis-sold, you should find out as you may be entitled to claim it back.

Each month a sum of money was paid for a PPI policy that covered the policyholder should they repayments become unaffordable because of illness, accident, redundancy or death.

The PPI policy would have been sold by a bank, building society or other financial provider such as an insurance company or broker.

There have been many cases of banks, lenders and other providers selling PPI to customers who would never be able to claim on it.

The are several situations that could apply to your spouse or family member that would make them ineligible for PPI. These include:

  • Having a pre-existing medical condition or if someone was;
  • Being self-employed or retired at the time of taking out the cover;
  • Public sector workers, civil service workers and those in other similar employment may have protection through their employment contracts, so did not require PPI;
  • Some customers were not aware that they had PPI as it was added on with their consent or knowledge;
  • Customers being led to believe the PPI cover was compulsory when it was optional, indicating that they didn't understand what the cover was for.

If you, as an executor, personal representative, or next of kin know or suspect that any of the above situations applied to your late spouse or family member, look further into it as there is a strong possibility that the PPI was mis-sold.

Here's what you need to do:

  1. Establish if your spouse or family member was paying for PPI on a credit card, loan or mortgage.
  2. Try and work out if the PPI was mis-sold based on the situations described above.
  3. Decide how you want to pursue the claim: yourself or by using PPIClaims.co.uk. By using PPIClaims.co.uk we do all the hard work, so you don't have to.

If you think there may be PPI on any loans or credit agreements that were take out by a deceased spouse or family member it is worth getting a FREE PPI check done to know for sure.

How Much Could I Claim Back From Black Horse?

There are several factors that will determine how much compensation you can claim.

It can depend on the number of accounts you have. If you have more than one account which has had PPI added to it, you will have made more than one payment for PPI each month. Together these amounts will be the basis for what you may be entitled to receive.

If you have had several different credit card accounts, these may have had PPI policies attached to them with the monthly premiums being calculated as a percentage of the amount outstanding.

You may be able to claim a substantial amount in PPI compensation, especially if your credit card balance was close to the limit.