PPI Archives | Page 42 of 68 | Gladstone Brookes

Blog Category: PPI


SUCCESS STORY – Over £130,000± and still some cases outstanding

Chris North knew he had PPI attached to his credit cards, but while he was working he just didn’t have the time to make a claim.

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SUCCESS STORY – It was a brilliant service all the way through

It was a brilliant service all the way through

When retired manager Julian Perkins saw the Gladstone Brookes advert on TV it sparked his curiosity about whether or not he had ever been mis-sold PPI.

“I thought I may have had something on a loan way back. So I went to the big concertina folder I keep all my papers in and, sure enough, there it was,” he said.Read More


SUCCESS STORY – £500 would have been a bonus

£500 would have been a bonus

Teresa and Gary Willis had been meaning to investigate a possible PPI claim for a long time, but never got round to it.

Said Teresa: “Our lives are so hectic, there was no way we could find the time to do it.  We have an electrical installation business and we are also full time carers.Read More


Banks batten down the hatches as Plevin decision nears

Banks batten down the hatches as Plevin decision nears

Britain’s high street banks are battening down the hatches as they wait for regulators to decide how hard the Plevin case on PPI mis-selling is going to hit them.

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SUCCESS STORY – Another £9,831± for John second time around

Another £9,831 for John second time around

When retired RAF nurse John Millard first contacted Gladstone Brookes it was because he had seen a TV advert back in 2011 and he thought he might have had some PPI mis-sold to him on a loan and a credit card from Lloyds.

He was right and the two claims brought him in a total of £4,902.11±.Read More


SUCCESS STORY – It was a shock to get so much back

It was a shock to get so much back

Former pottery worker Anne Joseph was shocked when Gladstone Brookes told her they had managed to recover £6,878.62± for her in mis-sold PPI compensation.

“I thought I might get back a couple of hundred if I was lucky. It was a shock to get so much back,” she said.Read More


FOS underestimated PPI claims levels

FOS underestimated PPI claims levels

In January 2014 the Financial Ombudsman Service (FOS) produced a budget based on the number of cases they expected to deal with in the coming year.

PPI remains the largest single source of complaints for FOS, who adjudicate on cases which have previously been rejected by the banks.  Each case generates a fee.Read More


Top 10 Things You Need To Know About PPI

Top 10 Things You Need To Know About PPI

You’ve probably heard about PPI. Whether you’ve already claimed some back, or are wondering if you might be owed money, here are our top ten things you need to know about PPI.

1. What does PPI stand for?

PPI means ‘Payment Protection Insurance’ – a type of insurance that would help people if they struggled to pay back loans. It was sold alongside loans, mortgages, credit cards and other financial agreements.

2. Why can it be claimed back?

Banks, building societies and other financial institutions failed to follow the guidelines set up by the City watchdog. Thousands of people were sold PPI who didn’t want it, need it or even know they were paying for it.

3. How do I know if I could have a claim?

The easiest way to know is if PPI is listed on your bank, loan or credit card statements as a separate charge. In other cases, PPI was charged up-front. If you’re unsure, call one of our advisors on 08000 469 144.

4. How do I start my claim?

By getting in touch with us via our website, over the phone or by requesting a postal form. All banks have a free complaints service so you can lodge a complaint on your own behalf.

5. How long does a claim take?

Our average timeframe is 8-16 weeks from the lender acknowledging the complaint to a decision being made. If they can’t handle your case in this time, we can liaise with relevant authorities to ensure we are doing all we can to get your case resolved.

6. How will this affect my relationship with my bank?

If your lender has mis-sold you PPI, you are fully entitled to claim it back. Banks have acknowledged that they broke guidelines and will not put any sort of ‘black mark’ on your relationship with them. We’ve successfully recovered PPI from all the big banks, including Lloyds, TSB, Barclays, Halifax and HFC.

7. How much money have Gladstone Brookes reclaimed for customers?

So far, we have helped our happy customers to claim back £1 Billion± from banks and building societies.

8. How much PPI has been mis-sold?

The Financial Conduct Authority (FCA) reports that a total of £29.2bn has been reclaimed so far, and that billions more could yet be recovered.

9. How much does it cost to start my claim?

We work on a “no win, no fee†” basis, so making your claim will not incur any costs up-front. Gladstone Brookes will take 20% + VAT° (at the prevailing rate) of the total redress offered by your lender. If we do not recover you anything, you don’t pay us!

10. I’ve already made a successful PPI claim; can I make another one?

You’re entitled to claim back all mis-sold PPI, across different loans, credit cards and mortgages. If you’ve already reclaimed for one loan, but think you might be owed PPI on another, you can claim for that one separately.

PPI News – Lloyds PPI bill of £2.45 billion ‘significantly impacted’ profits

The additional provision of £2.45 billion for PPI complaints in 2018 ‘significantly impacted’ the profits of Lloyds Banking Group (LBG) according to chairman Lord Blackwell.

PPI News – Lloyds PPI bill of £2.45 billion ‘significantly impacted’ profits

The additional provision of £2.45 billion for PPI complaints in 2018 ‘significantly impacted’ the profits of Lloyds Banking Group (LBG) according to chairman Lord Blackwell.

PPI News – HSBC profits plunge with mass job cuts and PPI surges

Announcing a drop in profits of 33%, HSBC is to axe 35,000 jobs globally and is still processing tens of thousands of PPI claims.

PPI News – HSBC profits plunge with mass job cuts and PPI surges

Announcing a drop in profits of 33%, HSBC is to axe 35,000 jobs globally and is still processing tens of thousands of PPI claims.

RBS to change its name to Natwest

Royal Bank Of Scotland Group (RBS) is to change its name to NatWest later this year.


SUCCESS STORY – I can’t speak highly enough of the service

 

I can't speak highly enoughSupport worker Susan Britton had heard all about PPI being mis-sold over the years, but didn’t think it applied to her.

“But that was before I got a letter from Lloyds Bank to tell me that I had PPI attached to a number of loans I’ve held over the years,” she said.Read More


SUCCESS STORY – No win no fee? I had nothing to lose

No win no fee

Hairdresser Caroline Cobb wasn’t sure whether or not PPI had been attached to any of the loans and credit cards she had in the past, but when she saw the Gladstone Brookes TV advert and realised the service was no win no fee she decided to call and find out if she was owed anything.

“No win no fee? I had nothing to lose and I would never have done it on my own because I hadn’t a clue where to start.  I’m a hairdresser and I’m a great believer in letting people do what they’re best at,” she said.Read More



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