Claim Your PPI In Sheffield
Just like every other city in the UK, Sheffield played host to a great many familiar financial names in the late 1980s and early 1990s. These institutions were trusted by the public, and could at one time always be relied upon for fair and frank advice and guidance. If the local bank manager recommended a particular course of action, that course was generally accepted without a moment’s thought.
At that time, interest rates were high and the financial sector was enjoying large, easy profits. The rates tumbled soon after and from then on banks, building societies and credit providers looked for other streams of income that would keep the cash flowing in. That other stream turned out to be Personal Protection Insurance, a product that required little or no staff training and could be sold on to just about anyone.
The high streets and shopping malls of Sheffield played host to all the major names in finance. The Halifax, NatWest, Barclays, TSB, Yorkshire Bank and all the rest maintained a strong presence in the city, and they sold PPI policies with great gusto, recommending the product to a great many consumers who didn’t really need it and in some instances didn’t even want it.
It’s worth noting that PPI wasn’t just added to bank loans. If you lived in Sheffield at that time and you signed up to any of a number of financial agreements you may well have had PPI. Many credit cards, mortgages, car loans, catalogue accounts and store cards all came with this white elephant of an add-on, and some customers weren’t even informed of its presence at all.