Can I reclaim PPI from Barclays

Barclays, like many of the top name banks in the UK have been fined and ordered to refund customers who were missold PPI in the period leading up to the judicial review in November 2010.

Typically Barclays customers are owed around £3000 in compensation, from 2 different policies held with the provider.

PPI was mis-sold to people who didn’t need it in the first place or by sales staff incentivized to hit targets and so using underhand tactics to hit those.

You could have been mis-sold PPI because you were unemployed at the time, suffering from an illness or you were covered elsewhere, in any of these cases you shouldn’t have been given the cover.

On a proportion of the mis-sold policies bad sales tactics were blamed, for example staff using underhand or pressurizing tactics to ensure the customer took the policy.

In some circumstances sales staff informed the customer that their application for finance would be declined unless they were covered by PPI, which of course is not the case.

If you were mis-sold PPI by Barclays on a credit card, loan or mortgage you could be owed thousands in compensation, simply contact your bank to start the process of getting a refund.

  • Like!
    0
Jack Daniel - Jack Daniel
Jack has written 27 awesome articles.

Comments:

Leave A Comment

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>