The current figures have actually been launched by the Financial Conduct Authority to show how much cash has been paid by the primary banks who mis-sold PPI. In October 2014 alone there was jump over to these men ₤ 375,600,000 paid to consumers who were wrongfully provided Payment Defense Insurance protection on their loans, credit cards and mortgages by their banks. This is naturally a huge amount for the banks to pay and is excellent news for our clients who have actually gotten a lot of cash. There has actually been as much as ₤ 735,300,000 paid in one month (Might 2012) for successful mis-sold PPI redress claims.
If you have a concern about how your Payment Protection Insurance coverage (PPI) Policy was offered, it’s simple for you to call us straight so you do not have to use a Claims Management Company (CMC) – a CMC will typically charge an upfront fee or take a proportion of any compensation you might be due. We examine complaints sent directly to us in exactly the same method that we deal with problems from a CMC, so by coming direct you will not be disadvantaged.
We are committed to ensuring customers receive payment within 28 days of either our choice letter or your approval of our choice letter. Nevertheless we have actually experienced a big volume of new cases over current months. This has actually created some issues for us that we are putting right. As an outcome we realize that in specific cases, there might be a hold-up in clients receiving their payment. We apologise if you have actually not gotten your payment within 28 days of our decision letter and thank you for your persistence.
Simply write down what you remember about the sale of your loan. Our PPI questionnaire guide will take you through the Ombudsman type step by step. It’s a Microsoft Word file so you can quickly cut and paste areas, or have it next to you as you fill in the form. If you still have problems filling it in, call the Ombudsman on 0800 0234 567 (0300 1239 123 from a mobile) and it will have the ability to answer your questions.
Or you can print out and complete a PDF version of the questionnaire 370 KB, and the additional details form 270 KB if you’re claiming for more than 1 policy. You can take your finished files to a branch or send them by post to Barclays PPI Debt, Leicester, LE87 2BB. To send a claim over the phone, call us on 0800 282 390 2 (+44 207 116 7488 if you’re overseas ). Lines are open Monday to Friday, 8am to 8pm. Yes – we’ll investigate all claims for PPI including closed and existing policies. Kindly make use of the online questionnaire, pdf, word file or call us on 0800 282 390 2. If any claim succeeds we just charge 24 % including taxes, which is less than many of our rivals who charge anywhere from 30 % to 40 %.
We’ll supply the FOS with all the info they need about your claim We’ll also deal with them to ensure a quick resolution to your case although you’ll need to get in touch with the FOS directly if you have any further inquiries. Regulatory and Media interest has been focused on PPI items for the last few years due to issues that some of these items may have been mis-sold when customers took out Loans, Credit Cards or Mortgages.