Barclays Claims

Have you taken out a loan, mortgage or credit card with Barclays?


If you have taken out any of the three then it’s also possible you took out payment protection insurance to ensure you could make your payments if you were ever to come out of work through accident, sickness or unemployment.

But it’s also possible that the insurance was mis-sold to you if you didn’t want it, need it or could not have benefitted from it because of an exclusion clause. Read on to find out more about Barclays PPI Claims.


Scandals

In the scandal which has grown up surrounding the mis-selling of PPI, Barclays is one of the most complained about banks in the UK. So far, it has set aside more than £9.3 billion in total to pay compensation for successful PPI claims.

The industry as a whole has already paid more than £29.2bn back to consumers since 2011 and some financial commentators believe the final total bill could go even higher.

Barclays, along with Royal Bank of Scotland, were also involved in the LIBOR rate rigging scandal of 2012 and were fined a total of £290 million by the US Department of Justice, the Commodity Futures Trade Commission and the UK’s Financial Services Authority.


How was PPI mis-sold?

There are a number of ways in which your Barclays PPI policy may have been mis-sold to you, including:

  • Did Barclays tell you the policy was optional and that you didn’t have to take it?
  • Were the costs of the policy explained to you as a separate item?
  • Did Barclays warn you that your employment status might affect your right to claim on the policy?
  • Did Barclays make to you aware that if you received full sick pay from your employer you did not need the policy?
  • Did Barclays explain the exclusion clauses in the policy like not being able to claim if you had a pre-existing medical condition?

If the answer to any of these questions is no then you may have possibly mis-sold your policy and could make a claim to get back any money that’s rightfully yours.


Claiming back PPI

Gladstone Brookes offer a Free PPI Check** to get you started. Should you decide to pursue a claim through us if PPI is found, we will treat your case with the utmost care. Getting started with Gladstone Brookes is simple. Just call us on 01925 321 0150800 862 0375 or fill in the PPI check form on our website.

For any claims pursued, we aim to recover 100% of any premiums that you have paid, plus any interest paid on those premiums and where possible a further 8% in statutory interest.

Gladstone Brookes has a 91% success rate on the claims we make on behalf of our clients and we have already recovered more than £1 Billion± for our clients against a wide range of lenders.


Making a claim

If you decide to pursue a PPI Claim through Gladstone Brookes, once we issue a letter of claim to Barclays, the bank should acknowledge it as soon as possible and then our average timeframe is 8-16 weeks from the date of that acknowledgement to a final decision being made.

If your Barclays PPI claim is a success, the compensation will be paid directly to you and Gladstone Brookes will then invoice you for our fees which are 20% + VAT° of the total redress offered by your lender, including any reduction of any outstanding agreement, which if in place the PPI may be cancelled. If we are unsuccessful there will be no charges whatsoever†.


Rejection

Of course, your claim might also be rejected, but if that happens Gladstone Brookes will assess the terms of the rejection and advise you whether or not an appeal to the Financial Ombudsman Service (FOS) to overturn the decision might succeed.

It’s all part of the same no win no fee service. Our specialist team will carefully examine the rejection letter and, if they feel there is the chance they can get the decision overturned, they will compile the information needed to appeal to FOS.


Did Barclays sell you PPI?

Gladstone Brookes offer a Free PPI Check** to get you started. Should you decide to pursue a claim through us if PPI is found, we will treat your case with the utmost care. Getting started with Gladstone Brookes is simple. Just call us on 01925 321 0150800 862 0375 or fill in the PPI check form on our website. Start My PPI Check

Latest Bank News


FOS admits it ‘failed to get to grips’ with cases

The Financial Ombudsman Service (FOS) has admitted it ‘failed to get to grips’ with almost one in ten of the cases it dealt with in 2018.
Read More

CYBG still receiving 1,800 new PPI claims a week

CYBG – the parent company of Clydesdale and Yorkshire Banks – is still receiving around 1,800 new PPI claims a week.
Read More