PPI Claimline delighted by consumer victory

PPI Claimline is delighted to announce that the British Banking Association (BBA) has abandoned its legal fight over the way PPI (payment protection insurance) complaints are handled by their members.
This is fantastic news for people with claims in process for mis-sold PPI and for people looking to make a claim. The initial estimates are that the amount that will be reclaimed by consumers may be as high as £9billion.

What happened?

The BBA was challenging the Financial Services Authority rules on how lenders should handle PPI complaints. This led to many PPI complaints being put on hold. In a High Court ruling in April the BBA's case was rejected and they were given until now to lodge an appeal. The BBA announced  that they will not be appealing the decision and so claims should now be processed.
What does this mean for consumers?

We are waiting for official confirmation from individual lenders but we are anticipating that all complaints that have been put on hold will now be processed by lenders. If you have not yet put in a claim now really is the time to do so.

The news is a very significant consumer victory. Millions of people have been mis-sold PPI and the estimates are that the banks will need to set aside in the region of £9billion to cover compensation payments to consumers.

By using PPI Claimline you can be sure that that you will have the ethical, consumer champion on your side - ensuring that you get the maximum amount of money you are owed.

What should you do if you think you have a claim?

Contact us straight away! One of our trained advisors will discuss with you whether you are eligible for compensation and guide you through the process. The sooner we get your claim into the lender the sooner you will get your share of the possible £9billion compensation payout.

Will your bank contact you directly?

It is possible that your bank my contact you about your PPI BUT reports are suggesting that they will only do this in certain, limited circumstances.

The advantage of having us manage your claim for you is that we will ensure that you receive the maximum payout possible. Our staff are trained to ensure that when an offer is received from a lender it includes all the interest and PPI payments. Some of our existing customers had previously received offers from their lender directly which they felt was too low. They asked us to review them and they were far lower than they should have been. We then put in a claim on their behalf and got them a significantly higher offer.

Our trained claims handlers will carefully analyse your borrowing history which means that we make sure that you receive compensation from all PPI policies that we find. What most people don't realise is that they have several PPI policies that they can make a claim for. These can be current or repaid. We can even make claims for PPI where the lender is no longer trading.

Why should you trust PPI Claimline with your claim?

There are lots of reasons! Firstly we are on the same side as you. We only get paid if you do so it is as much in our interests as yours to ensure your success is the best it can be. Also, you have the peace of mind of knowing that your claim is being handled by our expert team led by legal and finance professionals. Plus at the heart of what we do is our customer charter setting our commitment to the high levels of service we provide to our customers. If you're still not sure check out some of our testimonials from our customers.