Experts believe consumers could be missing out on millions of pounds in PPI compensation even though they may have already submitted a successful claim.
The great British PPI scandal is finally drawing to a close – 114 days and counting before the August PPI claims deadline – but there are still millions of pounds to be claimed for policies mis-sold over decades.
With just four months to go before the PPI claims deadline Lloyds Banking Group (LBG) have added another £100 million to their PPI compensation pot.
Thousands of Brits could be owed hundreds of pounds by the taxman after having a successful PPI claim.
Figures just released by Barclays show that they expect to pay another £900 million in PPI compensation.
When the alarm bells first started ringing about mis-sold PPI experts believed the episode would be very short-lived and end up costing around £4 billion.
CYBG – the parent company of Clydesdale and Yorkshire Banks – is still receiving around 1,800 new PPI claims a week.
With less than a year to go before the PPI deadline the consumer awareness campaign does not appear to be reaching all of its intended targets.