• 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…

  • PPI

    Help to spread the word

    In his TV show on ITV last night (25th February) financial journalist and consumer financial expert, Martin Lewis, highlighted that we are at the tail end of the window to reclaim PPI that may have been mis-sold to you. “Anyone who has had a credit card, loan, mortgage, overdraft, car finance, catalogue debt, in the past 30 years [could claim],” said Martin. What do you need to claim? If you have the documentation you can start your claims right away, if you cannot remember what you had, you can obtain a credit report for the last 6 years, free of charge, from a Credit Agency such as Experian, Equifax or…

  • PPI

    A race to the end?!

    With the deadline to make your claim for mis-sold PPI only 28 weeks away (from date of this blog), there has been a lot of discussion in the media recently about even further problems and issues. It’s seems like it’s a race to the end! The Moneysaving Expert, The Sun and The Telegraph have all reported recently that the FCA (Financial Conduct Authority) have ordered companies who mis-sold PPI polices, who have rejected customers complaints, to write to them telling them they can claim again. It’s estimated by the FCA that there are up to 150,000 customers whose PPI claims were rejected. The FCA website states: “You can complain about…

  • News

    Have we got old news for you!….

        Why are we telling you about old news?! Well, the information we reference below released in 2017 still remains relevant today and now the deadline is looming, so it’s time to act fast before the banks get to keep what may rightfully be yours. According to an article in The Guardian back in July 2018, “UK banks could face new multibillion-pound claims after PPI ruling over mis-selling may allow cases that have been rejected to be reconsidered”. The article explains that “Britain’s banks face the threat of a huge new PPI bill that could add billions of pounds to the £30 billion already paid out in compensation, following…

  • PPI

    Why use a Claims Management Company?

    You may already be aware it is possible to carry out your PPI check and claims yourself and this is absolutely true. It would not involve costs to you other than postage, paper, ink and possible phone call charges, but it will take up lot of your time. Here are some key points to consider when making your decision on whether to do this yourself or use a Claims Management Company. Fairness If you have been told by your lender that you have a claim, do you know if the offer they make is fair? Is the offer in line with the FCA guidelines? Dealing with the Financial Ombudsman If…

  • PPI

    2019 – The Year of Deadlines – Don’t Miss Out!

      This year will see many important deadlines take effect, we’ve all heard of Brexit but there are also a number of other financial deadlines taking effect, including the deadline for applications to reclaim mis-sold PPI. After 29th August 2019, claims for reclaiming PPI will no long be accepted. August may seem a long time off but it’s now less than 8 months, and counting. A lender can have up to 40 days to issue a response to a claim but it can take 2 months to receive a response. The sooner you start your claim the better, to beat the rush. From the 29th August onwards there will no…