• PPI

    Last chance!

    We managed to pin down our MD, Simon Mayo, for a few moments to ask him the following questions in the run up to the final deadline for PPI claims. Please note, we will not be taking any new customers after 22nd August, this is ahead of the FCA (Financial Conduct Authority) deadline of 29th August. Why are we, ReclaimPPI, taking last claims ahead of the FCA deadline? To enable us to process your claims efficiently and in time to meet the FCA deadline, we are only planning to take on claims up until the 22nd August, as this allows us sufficient time to check, prepare and send your requests…

  • PPI

    Just over 30 days left to claim

    It’s nearly time for the final curtain call but there will be no encore here. The deadline is set 23.59 on Thursday, 29th August 2019. After this date, if you were owed back money from mis-sold PPI then the banks get to sneak away with the money in their profit pot, a double-win for them. DIY or check with a CMC You are not required to use a claims management company (CMC) to make your complaint to the Lender. You are able to pursue the Lender directly. If your complaint is not successful, you can refer it the Financial Ombudsman Service yourself for free. However, if you are pushed for…

  • PPI

    Meet the team behind your claims

    We’d like to introduce you to some of our team members, the people busy working hard behind the scenes to process your claims against lenders for mis-sold PPI. We’ve asked a few members of the team the same questions, to give you an idea of what they do on a daily basis for Reclaim PPI First meet, Sadie Gane, Remote Team Manager What are the main areas you cover in your role at Reclaim PPI? I manage operations of our Remote Team of workers along with our two offices. What one thing did you not expect to discover when you started working here? How quickly the business would grow with…

  • News,  PPI

    A quarter of those mis-sold PPI are still to claim their share of hundreds-of-millions due back.

    In an article in The Telegraph, by Sam Barker, on 29th May, it states in the headline “PPI deadline nears, but 25% of victims still have to claim”. The article explains: “Customers were sold policies that could not be claimed on, or that they were not made aware of. Often PPI sales involved large commissions for the sellers, incentivising widespread mis-selling. The truth about PPI wrongdoing emerged almost two decades ago and the City watchdog, the Financial Conduct Authority (FCA), has said no claims can be made past 11.59pm on Aug 29. Many risk missing this deadline.” Later, on the 31st May, Yahoo Finance UK explained in an article by…

  • PPI

    Huge sums still left to claim.

    “Lloyds Banking Group has set aside a further £100m to cover payment protection insurance (PPI) mis-selling as it reported flat quarterly profits.” See the full BBC article here: https://www.bbc.co.uk/news/business-48131541# Despite the clock ticking and the deadline for new claims fast approaching in just over 16 weeks from now, there is still millions left for lenders to re-pay. That’s millions of your money that should be back in your pockets and not sat on the balance sheets of the lenders. Check your lenders It won’t just be the Lloyds Banking Group that will have set aside funds to cover PPI repayments, many other lenders will know they need to expect more…

  • PPI

    Billions paid back and yet still more left to claim.

    Figures from the Financial Conduct Authority (FCA) show that £34.4 billion (that’s billion) has been paid out by lenders since January 2011, for mis-sold PPI policies. The deadline for applications to claim is 29th August this year.  There is still time to put your claim in, if you have not already. If you haven’t claimed yet, we urge you to do something, even if you do not use a claims management company (CMC). If you do use a CMC, be sure it is good value for money or the cheapest. Why banks want you to complain about PPI directly…. It’s not because they want you to keep all the money!…

  • PPI

    You could be due back the tax paid on your PPI win

    In recent news, consumer finance expert Martin Lewis highlighted that those who have won PPI claims can claim back, from HMRC, the tax that they were charged on their pay-outs. If you are a customer of ours (ReclaimPPI.co.uk) we want to ensure that you not only get your PPI compensation back from the bank but your tax too, if you are eligible. How do I do this? For customers with an existing claim in progress, when we check your offer from your lender, we will include a link in our email to you so you can complete an online questionnaire, (similar to the other processes you have already been through…

  • PPI

    Where things stand right now with PPI

    You will be unable to make a PPI claim after the 29th August 2019, which is now just over 5 months away, that’s less than 22 weeks, and counting. To give that context, a lender is meant to respond to the initial claims for mis-sold PPI within 12 weeks. Over £30 billion has been claimed so far, with 1000’s of customers yet to make a claim. Here at Reclaim PPI, every month we are seeing more and more people enquire as we get closer to the deadline, and we are seeing that some banks already have a back-log, due to the volume of requests. Not only can you claim for…

  • PPI

    2019, the last time to reclaim PPI

    With less than 6 months to go until claims for PPI refunds can no longer be made, now is the best time to start your check, before it’s too late. After the deadline it will not be possible to make a claim and the money set aside by banks and lenders for refunds will stay with them, and not go to the customers it is due to. Facts about our wins so far this year: In February this year: We won 4,733 claims for our customers The total amount claimed back for our customers was £11,605,024 The customer with the biggest win received £66,926 In January this year: We won…