YOU MAY BE OWED £1,000s IN PPI COMPENSATION FROM LEXUS FINANCIAL SERVICES
Getting a loan to fund big purchases like buying a car has become a common form of finance for many. However, what has transpired is that some consumers may have been mis-sold PPI with the car finance taken out with Lexus Financial Services.
How was PPI may have been mis-sold by Lexus Financial Services?
Ways in which PPI may have been mis-sold to customers include:
- You were not made aware by Lexus Financial Services that you were being sold PPI?
- You were told by Lexus Financial Services that having the PPI policy was compulsory?
- Did Lexus Financial Services check if you had any exclusions that would make it impossible to make a claim on the PPI policy?
- Were you led to believe by Lexus Financial Services that you need to buy PPI from the same provider as a loan to be accepted for the motor finance?
- Lexus Financial Services didn’t check to see if I already had this type of insurance cover through my employer or another policy?
- I believe Lexus Financial Services sold me the wrong product.
- At the time of taking out the PPI I was self-employed, unemployed or retired.
- The Lexus Financial Services didn’t check if I had pre-existing medical conditions.
- Lexus Financial Services has already been fined or is facing PPI queries.
What Do I need to Start My PPI Claim with Lexus Financial Services?
Start by finding your paperwork with evidence of mis-sold PPI. You will need this to make a claim. If you no longer have the paperwork, don’t worry we can find out if you had PPI on this or on any previous finance products and/or accounts.
If you notice that your account had PPI attached to it, think back to when it was sold to you. Can you remember when or why you agreed to it? Were you informed that it would be added?
If you can’t remember please don’t worry as this can be done during the PPI check with Lexus Financial Services.
How to start your PPI claim with Lexus Financial Services?
Please Note: The PPI deadline (29th August 2019) set by the FCA has now passed and we are no longer accepting any new PPI claims.
PPI DEADLINE FAQ’s
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.
Plevin Ruling – Making a High Commission PPI Claim with Lexus Financial Services
If you have raised a previous PPI complaint with Lexus Financial Services which was not upheld, you are now be entitled to raise a further complaint relating only to the commission charged under the new Plevin ruling on your PPI policy. Read more about High Commission PPI Claims.
Other Car Finance Providers Facing PPI claims:
ACF Car Finance PPI Claim
Advantage Finance PPI Claim
ALD Automotive PPI Claim
Blue Motor Finance PPI Claim
BMW Financial Services PPI Claim
First National Motor Finance PPI Claim
First National Wagon Finance PPI Claim
Ford Credit PPI Claim
Hitachi Capital PPI Claim
Honda Finance PPI Claim
MotoNovo Finance PPI Claim
Northridge Finance PPI Claim
Paragon Car Finance PPI Claim
PSA Finance UK PPI Claim
Redline Finance PPI Claim
Santander Consumer Finance PPI Claim
Secured Barclayloan PPI Claim
Toyota Financial Services PPI Claim
Welcome Finance PPI Claim
Vauxhall Finance PPI Claim
