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!

Claim now. It's easy. No obligation. No up-front fees.
* Required information
Best time to call?
How did you find us?
Type code shown* verification image, type it in the box

Don't worry. We will only store and use the information provided to answer your query and process your request. Your details will not be passed on to any 3rd party or be used for any other purpose.


Rising PPI claims are bad news for shareholders | Analysis

But figures from the Financial Ombudsman show that claim numbers have doubled to 379,000 over the past year, and they are by no means all from the ambulance-chasing claims companies.

The banks have gone from denial (rejecting claims and rightly being fined by the FSA) to acceptance (setting up claims departments staffed by thousands, making £14bn in provisions, moaning about false claims) but are now moving back to fight mode.

Last year, the ombudsman upheld only 70% of PPI complaints, down sharply from 84% the year before. Indeed, uphold rates in favour of consumers are falling across the board at the ombudsman, dropping below 50% for the first time.

Which? magazine reckons it indicates the banks are still dragging their heels on complaints, and they have a point.

Others, irritated by junk texts from the claims companies, may even sympathise with the banks.

But it is unmitigated bad news for bank shareholders. Given the still-rising claims figures, the chances of a write-back of those gigantic provisions is unlikely – and £14bn may yet prove to be not nearly enough to cover the most monumental mis-selling in banking history.

Article taken from The Guardian

If you think you may have a claim, call and speak to one of our experts at Creditline on 01733 393399, who will discuss with you our claim proceess.

Posted by Jay Beecher on 30 May 2013

Other News

What Is PPI?

19 Aug 2011