|Home Reclaim mis-sold PPI/Make an enquiry I've never taken PPI Was I mis-sold PPI? FAQs|
The first step is to find out if you have a claim and how much it could be worth. To do this simply fill in your details in the boxes to the right and one of our expert claim handlers will call you to discuss your case. We will be able to determine if you have a claim and how much Lloyds TSB could owe you.
We will then send you out a free, no-obligation claims pack that has all you need in it to get your money back. If you decide you want us to reclaim what you are owed you need to return this to us then we proceed to get you back your money.There are two kinds of people who have been mis-sold payment protection insurance (PPI) from Lloyds TSB.
If you've ever had a loan, credit card or mortgage with Lloyds TSB you could well be one of these two kinds of people. We can help you either reclaim the PPI that you know was mis-sold to you or find out if PPI was added to any loan, credit card or mortgage that you have taken without you knowing about it. If you didn't know you had PPI then you can definitely reclaim this.
We have been helping people reclaim their mis-sold PPI for over 3 years and have made thousands of successful claims. If you are thinking about reclaiming PPI, or if you want to find out if you can reclaim, or if you want to know if you have PPI at all, then we will help you do this.
Making a claim or finding out what you have and how much you are owed by Lloyds TSB is easy with us. Simply enter your details in the boxes on the right and we'll contact you to discuss your potential claim and send you out a very simple claims pack to fill in. You then return this to us and we will then do everything that needs to be done to get the information you need from your bank and reclaim what you are owed.
Payment Protection Insurance (PPI)
The way the banks have systematically mis-sold payment protection insurance (PPI) is the biggest mis-selling scandal in the history of retail financial services. Over £13 billion has already set aside by banks and building societies (including Lloyds TSB) to compensate consumers. This figure will rise by a considerable sum over the next few years given how much PPI is still to be reclaimed by consumers.
Which? first warned about the dangers of PPI in the late 1990s and have continually highlighted the poor value of this insurance and criticised the inappropriate sales practices.
Banks continued to mis-sell PPI until just a few years ago when the scandal came to light. There were some 50 million PPI policies sold with only about 10% of these having been claimed back.
There are now record complaints going to the banks. The banks have employed stalling tactics and fobbed consumers off to delay and in some cases prevent people getting what they're owed. This is why the Financial Ombudsman Service (FOS) is itself seeing record complaints with the majority of these relating to PPI and why it is a good idea to use a claims management company to ensure you get back what you are owed.
We are aware of stalling tactics and have experience so we won't be fobbed off so can and will always act with your best interests in mind to get you the compensation you are due.
This is what the CEO of the Financial Ombudsman Service says on the PPI mis-selling scandal.
"Around 50 MILLION PPI policies were sold to people who didn't need them or couldn't use them. A lot of those consumers who were sold PPI didn't actually know they had bought it. Only about 10% of consumers who were sold PPI have so far complained to their banks."
This means there is still about 90% of PPI waiting to be reclaimed. There will be a huge number of people who don't even know they've had PPI added to their loans, credit cards and mortgages.
If you've ever had a loan, credit card or mortgage, from Lloyds TSB or anyone else for that matter, fill in the free, no-obligation enquiry form. We will find out how much you are owed and get any mis-sold PPI money returned to you.
Do you think you've never had anything with PPI?
Are you sure? You might want to think again...
If you take into account the fact that PPI was mis-sold to consumers in many ways, but a common way of wrongly selling PPI was to put PPI onto loans, credit cards and mortgages without the consumer even knowing.
You may think you don't have anything with PPI, but if you had a loan, credit card or mortgage at any point over the last 15 years or so there's a chance it had PPI added to it. There's a further chance you never even knew, because they believed that a payment protection insurance (PPI) premium would have been evident to consumers where one was being charged. We can find out if this is the case then pursue your rightful compensation in a speedy and professional manner.
If you've had a loan, credit card or mortgage at any point over the last 15 years or so, from Lloyds TSB or anyone else, then get a claims pack. We can then find out if you did have PPI and if so, how much you can reclaim. Simply fill in the free, no-obligation enquiry form to find out if you have a claim.
How were the banks mis-selling PPI?
Payment Protection Insurance is designed to cover loan, credit card or mortgage payments if you cannot work, for example, if you become ill or lose your job.
Banks and other lenders (like Lloyds TSB) sold PPI to their customers without fully explaining what it covered. In the worst case scenarios, the banks and lenders lied to customers by telling them it was a compulsory element of a loan, or they simply added it without the borrowers' consent.
The end result is that consumers ended up with a PPI policy that they often did not want, could not use or didn't even realise existed at all.
Reclaiming your mis-sold PPI from Lloyds TSB
We take all the leg-work out of making a PPI claim.
The benefits of using a claims management company (CMC) for reclaiming PPI
Reclaiming PPI is not as straightforward as you may think. You do not just ask for the money to be given back to you and without having to do some work and follow processes put in place by the lenders like Lloyds TSB. Some lenders want to make the process quite complex to slow things down as well as putting some people off reclaiming completely.
If you reclaim mis-sold PPI from Lloyds TSB there is a chance you could do it wrong, or the bank could steer you into a corner with a certain line of questioning etc. which could lead to your claim being rejected even if it is legitimate.
We can be extremely helpful and often needed by customers. We have years of experience in dealing with the processes and systems involved in reclaiming mis-sold PPI. We deal with many cases on a daily basis and have thousands of clients including those who we felt the bank tried to manoeuvre into a position they did not want to be in.
Since we first started helping consumers reclaim their mis-sold PPI we have helped thousands of people successfully reclaim what is rightfully theirs from banks and institutions such as Lloyds TSB. There is a vast array of experience with dealing with banks directly. We can take any pain and confusion out of receiving and understanding correspondence from banks whilst at the same time communicating your requirements back to their specialist PPI teams that have been created due to the sheer size of the mis-sold PPI scandal. Using a CMC such as us means you will have a professional acting on your behalf, on a strictly no-win-no-fee basis* that will get your claim processed as fast and efficiently as possible.
* Fee may be payable if the claim is not pursued at client's request
"PPI-hit consumers face stalling from banks" says newspaper report
According to the press the banks are holding up legitimate consumer complaints as they have rejected a third of claims over the last nine months. In November 2012 this hit a high of 44 per cent.
The rejection of these claims, could mean that more consumers have to refer their case to the Financial Ombudsman Service (FOS) in order to ensure that they get their money back.
The article implies that this means that consumers are having to wait longer for their money from a successful claim and some consumers having claims rejected by their banks take their claim no further meaning the banks don't repay what they should.
Don't be one of these people. Using us will mean you use a resource that has experience in reclaiming mis-sold PPI from banks like Lloyds TSB along with many thousands of successfully compensated customers. Make a claim through us and receive any refund you are due in the quickest amount of time possible. Fill in the free, no-obligation enquiry form to start your claim.
PPI complaints to ombudsman soar as banks fail to deal with claims
Miles Brignall of The Guardian says: "Consumers complained to the Financial Ombudsman Service (FOS) in record numbers last year, as the fallout from the payment protection insurance (PPI) mis-selling scandal continued and financial services customers became more aware of their rights."
Don't let this happen to you.
Using us to reclaim your mis-sold PPI means you are using a company with experience of making claims. If your claim has to go to the FOS this can increase your waiting time to receive any refund you are due by well over half a year. We will take claims to the FOS that get rejected if we feel there is a case to answer but do what we can to get the claim resolved fairly without this having to happen.
The fact is that two in three of the claims made against the ten most complained about banks were later upheld by the FOS in 2012. The banks rejected legitimate claims and will continue to do so.
Don't let banks fob you off by saying you don't have a claim.
Below are figures from the Financial Ombudsman Service (FOS) showing claims they received and upheld for some of the main high street banks.
Lloyds TSB was the subject of 45,727 complaints to the ombudsman, 42,195 about PPI, of which 86% were upheld; Bank of Scotland attracted 34,434 PPI complaints, of which 81% were upheld; while another Lloyds Group business, Black Horse Limited, accounted for a further 5,888 complaints about PPI, of which 97% were ruled in the customer's favour by the ombudsman.