Terminator Arnie Schwarzenegger is back with a new warning about the PPI claims deadline.
1:18 pm Credit Cards
Barclays wins first round of £1.1 billion credit card battle
Barclays wins first round of £1.1 billion credit card battle
Barclays Bank has won the first round of a legal battle with an American credit card company which is suing it for £1.1 billion.
The complex case involves a PPI mis-selling style of payment break products and who should be responsible for paying the compensation.Read More
SUCCESS STORY – “I can’t thank you enough”
Damian Shaw had seen the Gladstone Brookes advert on TV many time but never did anything about making his own PPI claim until in 2016 a friend suggested he make the call.
He was unsure how much PPI he may have had attached to agreements in the past and was surprised when his enquiry uncovered it was attached to four loans from Halifax. Following an investigation, the lender agreed he had been mis-sold the policies and paid him £5,334 in compensation.
What will Open Banking mean for you?
We are weeks away from a revolution in British banking, but most of us have no idea what Open Banking will mean for us.
From January 13 the new Open Banking rules will allow customers to easily and securely instruct their banks to share their personal financial information with other banks and financially regulated companies.Read More
SUCCESS STORY – The service has been excellent
Alan Jones had taken out quite a few loans and credit cards in the past, but he had no idea whether or not he had PPI attached to any of them and so had never made a claim.
“Then my partner made a claim through Gladstone Brookes on some of the agreements she had had in the past and got back over £1,500. I thought to myself ‘if she can get a result like that maybe I should have a go’ so I rang up and spoke to an advisor,” said Alan.
SUCCESS STORY – I never expected this much!
Pensioner Mr L.B knew he had taken out several loans and credit cards in the past, but he had no idea whether or not PPI was attached to any of them.
“To be honest, I’d never even thought about making any sort of claim and then I saw the Gladstone Brookes advert and thought I would give it a try and then I could be sure.”
Lloyds will buy MBNA for £1.9 billion
Lloyds Banking Group (LBG) is set to buy the Bank Of America MBNA credit card business for a reputed £1.9 billion.
The deal is expected to be completed in the first six months of 2017, subject to competition approval as the move will increase Lloyds share of the UK credit card market to 26%, just one percentage point behind market leader Barclays.Read More
SUCCESS STORY – “Nothing ventured, nothing gained”
Like thousands of other people Susan Farnell-Jones had no idea whether PPI had been mis-sold on any of the loans or credit cards she had taken out over the years.
“I can’t ever recall it being mentioned at the time I took these things out, but then my son and daughter-in-law had a successful claim and I decided to call Gladstone Brookes and find out,” she said.Read More
PPI payouts jump by more than £100 million in a month
New figures released by the Financial Conduct Authority (FCA) show that PPI payouts for successful claims have jumped by more than £100 million in a single month.
In February consumers received £423.9 million in compensation – £112.1 million more than was paid out in January.Read More
How Lenders Assess your Loan Application
Applications for credit can feel like being cross-examined, probed and prodded by lenders trying to assess your suitability for a loan – but what are they looking for? We’ve got the answers.