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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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Online PPI Services Still Proving Problematic.

As a firm that has been working with consumers for years now in order to help them reclaim the funds that they are owed as a result of being missold payment protection, we find it staggering that many of the financial institutions responsible for the scandal in the first place are still not offering the possibility of carrying out claims online. Nonetheless, this seems to be precisely the case, according to the latest news from Which? magazine.

The statistics on the matter show that only 50% of the financial providers of PPI are offering the facility for consumers to make claims regarding the insurance on their company websites – only fourteen out of a possible 28 companies. With over £1bn having been paid out in 2011, and a further potential £5bn or more still to be paid, it is little more than a stalling tactics from the banks.

However, various lenders such as Barclays, Lloyds TSB and RBS were all expected to have cleared their backlog of complaints resulting from the high court dispute by June, but were given an additional extension by the FSA at the time.

Of course, we here at Creditline Financial still encourage anyone who feels they may be eligible for a Payment Protection Refund to get in contact with us now and give yourselves a great chance to have your money reclaimed.

To view our PPI calculator and find out how much compensation you could be entitled to, click our link here.

Posted by Shaun Edwards on 06 Jan 2012

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