Claim back YOUR MONEY today!
Have you taken out a loan from your bank in the last six years?
Thousands did, and just like them you could have been mis-sold Payment Protection Insurance, meaning that you could be entitled to a refund of thousands of pounds!
We are specialists in reclaiming your money quickly, with no up-front-fees and no hassle!
News
Banks Warned Over Missold Payment Protection Payouts
In the latest attack in the long battle over missold payment protection, the banks have been warned that they may have to pay out a huge £5bn in compensation to their customers who have been mis-sold the policies.
This news comes as a welcome revelation to the various consumers, who the Competition Commission have revealed may have been overcharged by a whopping £1.4bn a year since they started looking into the area of payment protection, which has the potential to be the worst financial scandal the UK has ever seen.
The news seems very timely given the £375 million that the US finances group Morgan Stanley put aside in case of future claims. However, the US company have warned that that the UK companies could end up taking a far bigger hit, with the five largest companies having to pay out potential billions in compensation.
The Financial Services Authority first introduced proposals in August for the banks to handle PPI complaints and ensure that they fairly redress the customers who had been missold payment protection.
However, the British banker’s association has been seeking a judicial review as to whether the FSA has the power to apply these new standards to what are deemed old sales.
It is estimated that there are still 12 million outstanding PPI policies, and that banks could incur over £400 million in administration costs alone whilst dealing with them.
For more information on missold payment protection, visit Creditline Financial now by clicking the link here.
Posted by Shaun Edwards on 02 Nov 2010
Other News
Lloyds PPI bill grows £750m to £19.4bn
21 Feb 2019
FCA tells insurers and banks to respect CMCs
19 Dec 2018
Consumers 'wrongly' told they do not have PPI
21 Nov 2018
Lloyds Banking Group PPI provisions reach a staggering £17bn. Who's really to blame for that?
24 Oct 2018
Barclays admits PPI compensation error
28 Sep 2018
PPI fuelling fraud culture, says Barclays boss
28 Sep 2018
Scots banks among worst for PPI claims
11 Sep 2018
FCA's guidelines are undervaluing consumers' PPI claims by billions of pounds, barristers allege
30 Apr 2018
CYBG TO UP PPI PROVISION BY £350M
19 Apr 2018
Lloyds to set aside £450m more to pay PPI victims which will take the total bill to £18.5bn
19 Feb 2018
PPI claim deadline proposed for June 2019
02 Aug 2016
Banks face a new £5bn PPI bill: Flood of new claims on its way triggered by High Court ruling
29 Jan 2016
Banks Face Fresh £5bn PPI Mis-Selling Bill
25 Jan 2016
Largest Success for Creditline Financial
20 Jan 2016
FCA unable to estimate future PPI cost to banks
30 Nov 2015
28 Jul 2014
23 Jul 2014
Lloyds slumps into red after setting aside another £750m for mis-selling PPI loan insurance
30 Oct 2013
Barclays Bank Tops Complaints List
22 Oct 2013
05 Aug 2013
Battered banks face huge extra payouts: Mis-selling bill keeps rising to dash hopes of end to crisis
31 Jul 2013
Banks' PPI deadline talks collapse
12 Jun 2013
Lloyds bank admits PPI complaints 'issues'
11 Jun 2013
PPI scandal will run for years, not months: FOS
05 Jun 2013
Banks deal with fewer customer complaints
16 Apr 2013
Britain's most complained about financial firms
15 Apr 2013
Exclusive: Banks Split Over PPI Time Limit
07 Mar 2013
Lloyds fined 4.3m over PPI delays
19 Feb 2013
Former Lloyds boss defends PPI
18 Feb 2013
Consumer complaints jump by 75%
29 Jan 2013
Consumers Still Unaware on How to Claim Back PPI
30 Aug 2012
Missold PPI Payouts Nearing £5.5 billion
25 Aug 2012
5 Frequently Asked PPI Questions Answered
20 Jul 2012
145% Rise in Banking Compensation Claims
06 Jul 2012
Barclays Fined for “Manipulating” Lending Rates
29 Jun 2012
Lloyds Could Be Forced to Return More Bonuses
15 Jun 2012
PPI Claims Process to be Simplified
08 Jun 2012
£500 million paid in PPI compensation in March.
01 Jun 2012
PPI Tops UK Financial Complaints Table
25 May 2012
HSBC to Increase PPI Compensation Budget
11 May 2012
Banks Finally Communicate With PPI Victims
27 Apr 2012
PPI Complaints Increase Bank Employment
20 Apr 2012
Record Missold Payment Protection Case Settled
05 Apr 2012
30 Mar 2012
PPI Guidance for Banks “Not Achievable”
17 Feb 2012
Lenders “Delaying” Missold PPI Repayments
17 Feb 2012
Mis-Sold PPI Compensation Reaches Record High
03 Feb 2012
FSA Consultation on PPI Requested From Brokers
26 Jan 2012
PPI Industry Calls For Further Regulation
17 Jan 2012
Banks Under Attack For Further Delays
17 Jan 2012
Online PPI Services Still Proving Problematic.
06 Jan 2012
2011: A PPI Review Of The Year
23 Dec 2011
Many Customers Still Awaiting PPI payments
02 Dec 2011
Current PPI Costs to the Banks at £557m
02 Dec 2011
FOS Considering a Budget Expansion
25 Nov 2011
25 Nov 2011
PPI Payments Still Causing Damage
18 Nov 2011
Financial Firms Warned Off ‘New PPI’
18 Nov 2011
See How Much You’re Owed with our PPI Calculator
11 Nov 2011
Missold Payment Protection Costs Lloyds
11 Nov 2011
Let Creditline Do The Hard Work
28 Oct 2011
27 Oct 2011
Tesco Bank Profits Suffer From PPI Repayments
14 Oct 2011
PPI Still Top Of The Complaints List
07 Oct 2011
It’s Your Money…Claim It Back Now!
06 Oct 2011
Barclays tops FSA complaints list
05 Oct 2011
Barclays To Cut Jobs Due To PPI Paypouts
26 Aug 2011
19 Aug 2011
12 Aug 2011
Barclays Profits Hit By PPI Provision
05 Aug 2011
28 Jul 2011
FOS Recalls BBA Meetings as ‘Disappointing’
21 Jul 2011
BBA Claims To Be Not At Fault Over PPI
15 Jul 2011
08 Jul 2011
Could PPI Payments Fuel Consumer Spending?
30 Jun 2011
Banks Pressured To Adopt The Barclays Approach
23 Jun 2011
Barclays Will ‘Pay Up’ PPI Compensation
17 Jun 2011
Ombudsman Complaints Bottleneck As Banks Delay
03 Jun 2011
25 May 2011
Could PPI Charges Hit Consumers?
16 May 2011
RBS To Set Aside £850m For PPI
13 May 2011
04 May 2011
Gladstone Brookes Criticse PPI Sales By Banks
12 Apr 2011
ABI Hits Out At the FOS £25 Million Levy
08 Apr 2011
£110m Set Aside by Welcome Financial Services
10 Mar 2011
Lloyd PPI Complaints Jump By 70%
04 Mar 2011
ABI Questions The FOS’ Need For Levy Increase
22 Feb 2011
PPI Named and Shamed as FOS’s Biggest Offender
18 Feb 2011
11 Feb 2011
PPI Rules ‘Unlawful’ According to BBA
08 Feb 2011
24 Jan 2011
AMI Calls For Firms To Co-operate on PPI Cases
20 Jan 2011
Complaints Regarding PPI Surging By 40% So Far
12 Jan 2011
Banks Officially Stalling On PPI Complaints
20 Dec 2010
How To Tell If You’re Eligible For A PPI Refund
14 Dec 2010
08 Dec 2010
Banks To Defy The FSA Over PPI Rules
29 Nov 2010
PPI Interest Still There, Reveals Capita
17 Nov 2010
Banks Estimate An Increase On £4.4bn PPI Bill
09 Nov 2010
Lloyds Vulnerable To ‘£1bn Misselling Hit’
26 Oct 2010
Payment Protection 'Will Be Lowered'
19 Oct 2010
Banks Dragging Their Feet Over PPI
13 Oct 2010
Financial Firms 'Not Responding Properly'
21 Sep 2010
Lloyd's Banking Group 'Worst Offender'
14 Sep 2010
Banks To Take FSA To Court Over PPI?
09 Sep 2010
Banks ‘Automatically Rejecting PPI Claims’
24 Aug 2010
PPI Claims 'Dominate' FSCS Workload
28 Jul 2010
Banks ‘Passing The Buck’ Over PPI Claims
20 Jul 2010
Ombudsman Flooded With PPI Claims
13 Jul 2010
Ban On PPI Sale Set To Go Ahead
29 Jun 2010
22 Jun 2010
Mis Sold PPI Victims Thrown Lifeline
22 Jun 2010
PPI still mis-sold, says Which?
17 Jun 2010
More time for new PPI complaints, FSA says
17 Jun 2010
Commission upholds PPI sales ruling
14 Jun 2010
Copyright © 2010-2019 Creditline Financial Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities under registration No CRM19881. Authorisation can be found on the website www.gov.uk/moj/cmr. Creditline Financial Limited (Registered in England: 4b Tesla Court, Innovation Way, Lynch Wood, Peterborough, Cambridgeshire, PE2 6FL; Registration No: 4558771). VAT No: 973 8708 68.
Useful Links
Popular Searches
Creditline Financial PPI Reclaims
Creditline Financial has years of experience in the PPI Claims market and has returned hundreds of thousands of pounds to its customers through scores of successful PPI Reclaims.
If you think you may have been the victim of missold Payment Protection or mis sold loan protection then contact us using the form on this site and we will get straight back to you. Claiming back PPI is as easy as 1-2-3!
