Reclaim PPI Manchester
As one of the largest cities in the UK, Manchester has been an important financial centre for many decades. Banks and building societies had branches all over the city, and for many years a sense of mutual trust existed between the happy customer and the benevolent company. Unfortunately, the PPI scandal has managed to strip away much of that trust, to the point where things may never be the same again.
If you lived in Manchester from the 1990s onwards and took out mortgages, loans, credit cards or store cards, you may well have been mis-sold PPI in the process. In a hectic attempt to maximise profits, many financial institutions turned their attention to the targeted and systematic selling of a product that proved to be of little or no use to the customer. In some of the worst instances, they even failed to inform customers of the presence of PPI in their agreements.
In addition to some of the more familiar high street names that took part in what turned out into a national scandal, there were several sub-prime lenders which also got in on the act. They included Welcome Finance, Citi and HFC, all of whom had a strong presence in Manchester at one time. PPI must have seemed to be a bottomless pit of revenue that would keep on going for many years to come.
Inevitably, the lending boom came to an abrupt end. PPI was shown to be something approaching a white elephant for the consumer, and it soon became apparent that the way it had been sold was a long way short of what we expected from those we once trusted. Mis-selling had been undertaken on an industrial scale, and the powers that be were not impressed.