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Scotland Wide PPI Specialists

PPI Round Up

18 April 2017

Everything you need to know about making a claim for mis-sold payment protection insurance in one easy-to0follow guide.

At Scottish PPI Claims, we want to make sure that ALL our customers get the right information. Over time, things have changed which is why we want you to have all the latest information about making a claim for PPI compensation.

There is still time

There has been a lot of talk in the media and across social media channels about time running out on making PPI compensation claims.

Most of these claims refer to a blanket PPI deadline but as yet, there has not been an announcement nor a confirmation of the proposed date.

It is widely believed it will be June 2019 but an announcement is not expected until the summer of 2017. Watch this space as we will bring you the latest news as it happens.

There is a promotional campaign being created

As part of this deadline, the Financial Conduct Authority said there would be a nationwide and far reaching campaign to promote PPI compensation claims.

Many people don't realise that they are eligible to make a claim and that the compensation they would receive could be worth thousands of pounds - money that they bank took from them for a policy that was of little or no use.

The Financial Ombudsman Service are still snowed under with PPI complaints

The Ombudsman deals with disputes between customers and financial companies relating to all kinds of financial products.

This includes PPI complaints. But, you will need to approach your bank or lender first, for compensation. However, if the bank say no, you can ask the Ombudsman to make the final decision.

They release regular updates on how they are dealing with PPI complaints and the number of cases they resolve, as well as receive in a month.

The figures paint an interesting picture. After seven years of PPI compensation, the Ombudsman are still having thousands of cases referred to them each month.

And, they are still finding in favour of the customer in the clear majority of cases.

Scottish PPI Claims are still taking cases

With talk of deadline, it is easy to assume that the PPI compensation debacle is finally shutting down - but this is not the case.

Many customers are contacting us directly at Scottish PPI Claims as they want help to claim their money back, and are unsure how to go about it.

Why not contact our team today and benefit from the latest expert advice on
PPI compensation claims?