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| PPI Refund Application |
Reclaim £3,500 from Bank Of Scotland (HBOS) in 8 weeks*
PPI Expert is claiming back £thousands of pounds daily for customers who were mis-sold Payment Protection Insurance. PPI Expert has had a 94% reclaim success rate so far this year.
The Facts:
> HBOS made 11% of their profits from PPI
> HBOS pressurised customers to buy PPI
> £9billion set aside by banks to repay customers their PPI
> 6.44 million policies mis-sold PPI policies
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Recently won PPI Claim cases:
> Mr and Mrs D reclaimed £3,012 from RBS > Mr H reclaimed £18,000 from First Plus > Mr P reclaimed £9,000 from Lloyds TSB |
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Why choose PPI Expert:
> 94% PPI reclaim success this year > Refund in 8 weeks* > No Win, No Fee > Original agreements not required |
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Fill in our Application Form. A member from our team will call you back and ask you one or two simple questions. |
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We post you out our Claims Pack. Just sign where we’ve highlighted and post it back in our prepaid envelope, along with any original paperwork you may have. |
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We’ll pursue your lender for a full refund of all PPI payments, updating you at each stage of the process, ensuring your money is repaid to you, quickly. |
| PPI Expert are regulated by the Ministry of Justice in respect of regulated claims management activities Registration number CRM27182. Company registration number SC346006 * Most PPI Claims are settled in 8 weeks, however it could take a little longer as lenders are overwhelmed with claims. |
Freephone 0800 652 7076
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Read More about Bank of Scotland Payment Protection Insurance (PPI) Claims
What exactly is PPI and how does it affect you?
Firstly, Payment Protection Insurance or now commonly know in abbreviated term as PPI is essentially an insurance policy to which sits along side loans to protect against the risk of unemployment or sickness which could result in the borrower unable to meet their monthly repayments.Why has Payment Protection Insurance (PPI) been so controversial recently?
Payment Protection Insurance (PPI) remains highly controversial due to the manner in which it was sold to the majority of borrowers. In fact it has been said that it could be as high as 80% of all Payment Protection Insurance (PPI) policies were mis-sold. As a net result the financial regulator initially fined the major offenders, such as Lloyds, RBS, Alliance and Leicester, Capital, Egg to name just a handful.So how were these policies mis-sold to us?
PPI was sold to us in many ways, for example it was just not explained to us fully when we took out the policy to establish whether Payment Protection Insurance (PPI) was right for us or if we could benefit from it in the future such those in the public sector, the self-employed or anybody with a pre-existing medical condition. In the worst instances the lender simply added Payment Protection Insurance (PPI) to the policy without even advising the customer.What was the average cost of PPI?
Payment Protection Insurance (PPI) was an extremely expensive form of Insurance. The Citizens Advice Bureau found that in many cases Payment Protection Insurance (PPI) accounted for up to 50% of the value of the personal loan. Anything below 20% was very rare is the Payment Protection Insurance (PPI) was bought directly from the provider.But was Payment Protection Insurance (PPI) not worth having should I loose my income.
Unlikely. The Office of Fair Trading (OFT) stated that infact that every 4 in 5 Payment Protection Insurance (PPI) claims were rejected by the lenders. As a net result, even if you find yourself to be insured it is unlikely that the Payment Protection Insurance (PPI) would cover your repayments.I was informed by the lender that I had to take out PPI in order to qualify for the loan. Is this a fact?
Definitely not. This was just another underhand tactic by the lenders to trick us into taking Payment Protection Insurance (PPI). The FSA rules state quite clearly sate that it is against their rules for a lander to imply this.How do I make a PPI Refund Payment Protection Insurance (PPI) claim?
Easy, contact us - PPI Expert. We’re one of the Scotland and the UK’s largest PPI claim experts. PPI Expert will take you through the minefield of reclaiming your Payment Protection Insurance (PPI).It has been said by some parties that making a PPI claim is as easy as just writing a letter to your bank and asking for you money back. Hardly. In a handful of cases it is certainly easier to reclaim PPI than others but rest assured banks are not in the habit of handing money out for free without putting up a fight!
That’s where PPI Expert comes in because we’re your PPI Expert. We take your case on a ‘No Win No Fee’ basis - that means we will not charge or ask for ANY upfront fees or payments.
You simply can’t loose. Our team of trained PPI experts and solicitors take the hassle and stress out of negotiating with your lender. We’ll state your case and where appropriate take your PPI claim to the Financial Ombusman to ensure you get the refund you deserve.
Make your PPI Reclaim with the experts - PPI Expert - Scotland and the UK’s leading PPI Reclaim specialists.
Telephone PPI Expert today on 0800 652 7076 or complete our confidential enquiry form and we’ll begin you PPI Refund immediately.
PPI Expert is regulated by the Ministry of Justice.
Significant Surge in PPI complaints in last 3 months of 2011
In the last three months of 2011 the Financial Services authority received a fresh jump in Payment Protection Insurance complaints.The ombudsman received over 50,000 PPI complaints in the last 3 months of 2011, up by over 10% from the previous quarter.
Payment Protection Insurance (PPI) complaints still continue to outstrip other types of complaints received by the ombudsman.
Typically mortgages, current accounts, and credit cards account for 18% of all complaints received in the last two months.
Payment Protection Insurance or PPI was designed to cover a loan repayment should an individual lose their job or fall ill.
After years of campaigns by consumer groups it was obvious a large percentage of these policies had been missold, for example to individuals that did not need Payment Protection Insurance (PPI) cover or people that would never have been to make a PPI claim.
This renewed increase of Payment Protection Insurance (PPI) complaints suggests that there is some time to go before the banks - the principal sellers of Payment Protection Insurance (PPI) insurance - has a considerable way to go before the PPI scandal is finally resolved.
In the last three months of 2011, the FFA found 68% of all Payment Protection Insurance (PPI) cases in favour the customers.
This follows years if denying any wrong doing by the banks about the way Payment Protection Insurance (PPI) policies were sold.
In early 2011, the British Bankers’ Association lost a high court challenge to the demand of the FSA that previous Payment Protection Insurance (PPI) complaints should be reviewed and that stricter rules should be imposed.
This ruling meant that 200,000 complaints that were previously on hold now had to be dealt with and a deadline of the end of August for either paying or rejecting Payment Protection Insurance (PPI) claims.
The big banks have set aside in excess of £6 billion pounds to cover the cost of Payment Protection Insurance (PPI) to many millions of customers who were missold Payment Protection Insurance (PPI). To date only about £1 billion pounds of missold PPI has been reclaimed.
PPI Claims are showing no sign of slowing down. During the first half of 2011 as much as 31% of all complaints received by Natwest and 47% from RBS were for Payment Protection Insurance claims (PPI).
Just recently Barclays Bank disclosed that they had received as many as 73,000 Payment Protection Claim (PPI) and forecasted that this trend would continue for the forceable future. Lloyds also disclosed that Payment Protection Insurance claims (PPI) also had grown to over two hundred thousand PPI complaints in the first half of the year alone.
Make your Payment Protection Insurance Claim (PPI) with PPI Expert:
For many not every complaint guaranteed compensation for Payment Protection Insurance (PPI), thankfully though PPI Expert, a Payment Protection Insurance claims (PPI specialist), has been achieving an unprecedented 94% PPI reclaim success rate for 2011.Bankers Liability
Many of the UK's biggest banks are are facing enormous Payment Protection Insurance (PPI) compensation bills, for instance:- Lloyds TSB £3.2bn - Payment Protection Insurance (PPI)
- Barclays Bank £1bn - Payment Protection Insurance (PPI)
- RBS £850m - Payment Protection Insurance (PPI)
- Santander Bank £731m - Payment Protection Insurance (PPI)
- HSBC Bank £269bn - Payment Protection Insurance (PPI)