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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!

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News

Barclays investment arm drags down bank's half year profits as its PPI compensation pot rises to nearly £5bn - but shares rise

The lender said a 46 per cent slump in earnings at its investment arm caused adjusted pretax profits for the first six months of this year to fall by 7 per cent to £3.35billion.

Barclays also said it had added a further £900million to its existing £3.95billion compensation pot for payment protection insurance ‘as a result of the lower expected decline in claims’.

The bank said it had seen an increase in PPI cases filed by claims management companies in the second quarter of this year and that these were only 39 per cent lower than at their peak in May 2012. However, Barclays said direct customer claims were down 69 per cent.

Article taken from – This is Money

Contact Creditline Financial on 01733 393399 and speak to our experts, who will make sure your claim is dealt with a minimum of fuss.

Posted by M Carey on 01 Aug 2014

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