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PPI CLAIMS DEADLINE - 29th Aug 2019


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Mis-sold PPI Claims – Provisions by UK Banks and Lenders

Mis-sold PPI is the biggest and most expensive mis-selling scandal in the history of UK consumer financial services. UK banks have set aside billions more to cover an increase in payment protection insurance claims in the past few months, pushing the total cost of the scandal over £44bn. The extra PPI provisions come ahead of the deadline set earlier this year by the Financial Conduct Authority, which will bring an end to this scandal in August 2019. The bill is expected to increase even more as a result of the deadline. The latest FCA figures show the banks have already paid out £30.7bn in PPI compensation, leaving many billions more for the last rush of people who have still not claimed.

Mis-sold PPI Provisions – How much has been set aside by Banks for compensation?

 

Lloyds £19.2bn
 
Barclays £9.3bn
 
Royal Bank of Scotland (RBS) £5.1bn
 
HSBC £4.05bn
 
Clydesdale Yorkshire Bank £2.05bn
 
Bank of America £1.5bn
 
Santander £1.5bn
 

source:newcityagenda.co.uk

LATEST PPI PROVISIONS BY BANKS AND LENDERS



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PPI Claims for Deceased Persons

Deceased Persons

If a PPI policyholder is deceased, any money owed to them becomes part of their estate, so whoever inherits the estate is entitled to make a PPI reclaim. This can be done by an executor or the person appointed to carry out their wishes after death. We automatically assume that reclaiming mis-sold Payment Protection Insurance (PPI) for deceased parents and grandparents may not be possible due to the passage of time.

However, the truth of the matter is it is quite straight forward to make a successful claim for mis-sold PPI for someone who is deceased.

To reclaim mis-sold PPI start with a FREE PPI check** with us today.

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Did you have a loan, credit card, store card or mortgage between 1988-2014?

You may have been Mis-Sold PPI

£Millions Remain Unclaimed! Let Us Find Out if You've Had PPI No Upfront Fees Don't Miss the Deadline

You Could be Due a PPI Refund!

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Armed Forces Personnel & PPI

Armed Forces PPI

Armed forces personnel have cover for sickness, accident & unemployment built into their salaries. This protection means that if a member of the armed forces was unable to work due to one of these reasons, they would still be able to meet any mortgage, loan or credit card repayments they had. So any PPI insurance policies would NOT have been appropriate. To find out if you can reclaim for mis-sold PPI, start a FREE PPI check** with us today.

UK Expats & Non-British Nationals

Expat PPI Claim

Did you have a loan, credit card or mortgage in the UK between 1988 and 2014? As a British Expat or Non-UK National who has lived in the UK for a long period, it is likely that finances were arranged while you were a resident in Britain. This may include loans, mortgages or credit cards and, even though you are no longer living in the country you can still claim mis-sold PPI. You could be eligible to claim for mis-sold PPI!

Public Sector Workers PPI Claim

Public Sector PPI

For many public sector workers, the Payment Protection Insurance (PPI) they were sold was useless. However, for some of these workers it would not have been useless, depending on the policy type and cover it provided them with.

If you had PPI and it provided you with extra cover that hadn’t been included in your employment contract, then it may have been useful for you.

Business PPI Check and Claims

Business PPI Claims - Mis-sold Payment Protection Insurance

Business PPI - Like most consumer PPI policies, business PPI also know as commercial PPI was sold alongside secured and unsecured loans, overdrafts, credit cards and mortgages. Business Loan Repayment Insurance is a type of insurance policy sold alongside commercial loans, including Fixed Rate Loans, Variable Rate Loans and Treasury Loans. If you had a commercial or business loan between 1988 and 2014 you may be eligible for a PPI refund. Start a Free Business PPI Check and find out if you have mis-sold PPI to reclaim.