RBS PPI CLAIMS
The Royal Bank Of Scotland aka RBS is one of the big 4 banks in the UK. Millions of PPI policies were sold by the RBS Group. Now consumers who were RBS borrowers are finding themselves trapped in a maze when they believe they have a legitimate compensation for RBS PPI claims for the miss-selling of Payment Protection Insurance (PPI).
Mint Credit Cards
Royal Bank of Scotland average PPI claims total in the thousands of pounds, even when credit card holders believed that they did not use their cards very much. In other words, if you were an RBS customer, you may have a much larger compensation due to you that you would at first expect.
Listening to RBS credit card customers discuss the miss-selling that gives them legitimates claims for compensation, one senses virtually all of the industry problems that led to this scandal in the first place. Unfortunately, without guidance, a great number of borrowers seem to lack the information or confidence to properly make their cases.
Those who held RBS credit cards or loans are in an especially difficult, complicated and confusing situation because the company sold off its credit card business and loans to other banking institutions. Further, RBS’s business model of applying over the Internet or through a call center poses even more barriers for customers to successfully apply for RBS PPI Claims compensation on their own.
The miss-selling can take several forms and we have dealt with them all in our experience through the many RBS PPI claims we have successfully filed. See if any of these situations sound familiar to you.
While purchasing PPI can make sense for some borrowers, for many it is virtually a worthless product and RBS often failed to disclose to its applicants the many instances when PPI would not assume loan payments. In other words, credit card and loan customers were paying for an insurance product that would not be there for them when they needed.
The list of “exceptions” is long and includes categories such as the self-employed and some who suffer from chronic illnesses. The list is too long to present here, but our experienced team has worked with all the categories and seen individuals win very large awards.
In general terms, the examples cited above involve the failure to disclose important information about RBS PPI. In other cases, the inclusion of PPI when applying for credit was not disclosed at all. As prospective borrowers applied for a credit card, for example, whether it was over the Internet or over the phone, the true nature of PPI was not discussed or explained. Some borrowers report that they were made to believe that their loans would not be approved if they did not buy PPI, or at the very least that they had a better chance for approval.
These are examples of how RBS PPI on credit card or RBS PPI on loan could have been mis-sold, however, they are not the only ways you may have been mis-sold RBS PPI. While it is in the bank’s interest to limit the number of RBS customers who file PPI compensations claims, we only work for you, so we take every measure to properly determine your eligibility. Here at Brownstar our approach is working with you and filing your claims assures you the maximum reimbursement.
DONT GO IT ALONE
The overwhelming volume of claims and the banks’ desire to deny or reduce compensation has created a difficult situation for borrowers. You do not need to use a claims management company to make your complaint to your bank and if your complaint is not successful you can refer it to the Financial Ombudsman Service yourself for free. However, if you would like an experienced and dedicated service that Claimspower can offer then please get in touch with us now. Claimspower is a highly experienced claims management service that will work tirelessly for all your claims. If you had RBS PPI for a loan, credit card or mortgage anytime between 1988 to 2014 and suspect or know you were paying for PPI, please contact us immediately. For all our clients we assign a dedicated claims manager who makes the process easy for you—there’s no paperwork required. Your claims manager will tell you if you have been mis-sold, so you no longer have any doubt about where you stand. No paperwork is required in order to perform the search, however, if you have any documents that support PPI policy on your account then please provide this information as this will enable us to fast track your claim.
ACT NOW BEFORE THE DEADLINE?
DUE TO OUR INTERNAL DEADLINES, WE ARE UNABLE TO ACCEPT ANY NEW PPI CLAIM REQUESTS FOR THIS LENDER. PLEASE GO TO THE LENDER’S OFFICIAL WEBSITE DIRECTLY THE LINK IS PROVIDED BELOW PLEASE ENSURE YOU DO THIS BEFORE THE 29TH AUGUST 2019