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News

Banks could owe us millions more in Payment Protection Insurance payouts - how to beat their loophole

This bare minimum approach from banks has meant that many who have already received PPI pay-outs could have missed out refunds on all their policies.

As the August 2019 deadline approaches for people to make PPI claims huge numbers of victims of this mis-selling scandal might never receive refunds.

Which? is urging people to ensure they make a general complaint to their bank, as that requires firms to look at every product they have held.

Gareth Shaw, Which? money expert, said: “Firms have admitted that they are doing the bare minimum to compensate victims by failing to investigate and flag all the policies a claimant might have held, millions could be left unclaimed.

”We’re encouraging anyone who thinks they might have additional policies to re-lodge a general claim, even if they’ve already had a successful pay-out on one policy. The banks certainly won’t check other policies for you, unless you ask.”

Article taken from – The Mirror

DON’T FORGET THERE IS A DEADLINE 29TH AUGUST 2019

Posted by M White on 09 Jul 2019

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