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PPI Shetlands

Recover PPI From The Shetlands With Beat The Banks

The Shetlands were home to branches of just about all the major names in finance in the early 1990s. Famous institutions such as Barclays, Bank of Scotland, TSB, RBS and the Clydesdale all maintained a high profile here, and after many years of doing business with the locals they were seen as trustworthy and reliable. Unfortunately, as the 1980s drew to a close, something happened to change all that.

The introduction of Personal Protection Insurance (PPI) was a game-changer in the UK’s financial market. Banks, building societies and credit providers embraced this new product with enthusiasm, realising quickly that it brought fast, easy profits and could be sold on to just about anyone. PPI brought in floods of money, but it eventually led to one of the biggest scandals to ever hit the sector.

It was so easy to persuade their trusting customers that a policy was in their interests, and should therefore be included in their loans, mortgages, credit cards and store cards. The commissions the lenders received were huge, so maintaining a sense of trust from the consumer soon became a thing of the past. In a significant proportion of cases, the PPI itself was of little or no use.

If you lived in the Shetlands at any time from the late 1980s onwards and you took out any form of financial agreement, there is a good chance that you had PPI as well. Don’t worry if you weren’t aware of it, because it was often the case that it was sold without the customer even being made aware of it. This is a good indicator of just how keen the banks were to pass on the product in return for a profit.

Here at Beat the Banks, we have been handling PPI compensation cases for many years now, and we’ve become anaesthetised to the initial shock that comes when anyone realises just how underhand these previously trusted institutions acted in a bid to increase revenue. When the authorities stepped in to stop it, it soon became apparent to the general public as well.

Our team of friendly, knowledgeable specialists is ready right now to help you find out whether you’ve been a victim of the scandal. We’re available on 0800 193 1234 for a chat about your situation, and what can be done about it. Don’t worry, the process is so easy and will only take a few minutes. We can take things from there on your behalf.

We hope to hear from you soon.

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