YOU COULD BE OWED £1,000s IN PPI COMPENSATION FROM REDLINE FINANCE
Getting a loan from banks and other lenders to fund big purchases like buying a car has become a common form of financing over the 30 years. Millions of consumers were also sold PPI along with their car finance agreements and many may have been mis-sold PPI by finance providers such as Redline Finance.
How PPI may have been mis-sold to Consumers by Redline Finance?
Ways in which PPI may have been mis-sold to customers include:
- You were not made aware by Redline Finance that you were being sold PPI?
- Did Redline Finance check if you had any exclusions that would make it impossible to make a claim on the PPI policy?
- Did Redline Finance say purchasing the PPI was compulsory at the point of sale?
- Were you led to believe by Redline Finance that you need to buy PPI from the same provider as a loan to be accepted for the motor finance?
- Redline Finance didn’t check to see if I already had this type of insurance cover through my employer or another policy?
- You believe Redline Finance sold me the wrong product.
- At the time of taking out the PPI I was self-employed, unemployed or retired.
- The Redline Finance didn’t check if I had pre-existing medical conditions.
- Redline Finance has already been fined or is facing PPI queries.
What Do I need to Start My PPI Claim with Redline Finance?
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 Redline Finance.
How to start your PPI claim with Redline Finance?
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 Redline Finance
If you have raised a previous PPI complaint with Redline Finance which was not upheld, you may now be entitled to raise a further complaint relating only to the commission charged under the new Plevin ruling on your PPI policy. Learn 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
Lexus Financial Services PPI Claim
MotoNovo Finance PPI Claim
Northridge Finance PPI Claim
Paragon Car Finance PPI Claim
PSA Finance UK PPI Claim
Santander Consumer Finance PPI Claim
Secured Barclayloan PPI Claim
Toyota Financial Services PPI Claim
Welcome Finance PPI Claim
Vauxhall Finance PPI Claim
