Victims of Britain’s worst mis selling scandal are being encouraged to make a claim as quickly as possible after UK banks are believed to have held ‘crunch talks’ about an imposing PPI deadline.
An article by Sky News’ City Editor, Mark Kleinman revealed executives from the major high street lenders are understood to have held talks last Thursday (7 March) about securing a deadline for customers to make a claim for mis-sold PPI.
The Financial Services Authority (FSA) has previously said it is open to discuss the idea of implementing a deadline with the banking industry. It is therefore in the best interests of customers to submit their claim as quickly as possible in order to ensure they receive compensation.
Payment protection insurance was mis sold to millions of customers who took out a loan, credit card or mortgage. The most common examples of mis selling include:
- Customers were told PPI was compulsory
- Lenders failed to ask about medical history
- Customers were led to believe not agreeing to PPI would jeopardise their credit application
- Lenders did not ask about employment status
- The policy was automatically added without the customer’s knowledge or consent.
If you took out a loan, credit card or mortgage in the last 10 years, there is a strong possibility that you have been mis sold PPI.
Don’t wait until it’s too late. Make a claim for mis sold PPI with the help of PPI Return.
Content correct at time of publication