Reclaim Mis Sold PPI Against Bank Of Scotland
Bank of Scotland is now part of the Lloyds Banking Group, a large corporation that was fined a whopping £117 million in 2015 for unfair treatment of customers when assessing their PPI complaints. Beat the Banks have rigorously pursued claims against Bank of Scotland and many others in recent times, and during that period we have seen a vast number of instances in which customers were treated appallingly.
If you have ever wondered whether you were a victim of unfair treatment from Bank of Scotland or any other once-trusted financial institution, our team of specialists might be able to help. Just call 0800 193 1234 and have a chat with one of our highly experienced and extremely knowledgeable people. We’re here to help, and it will only take a few minutes of your time.
The PPI scandal has its roots in the late 1980s and early 1990s. If you took out a loan, a mortgage, a credit card or store card account during that time, it’s highly likely that Personal Protection Insurance was offered as part of the deal. This was a product that was sold enthusiastically and sometimes aggressively, yet it was also a product that in most cases was of little or no use to you whatsoever.
Like several others in the financial sector, Bank of Scotland sold PPI cover via telephone sales and in branches. Staff required very little training in knowing how to sell what was in effect a ‘one size fits all’ policy for them. It was sold to just about anyone and everyone, irrespective of whether that individual had any need for it. In some instances, customers weren’t even told they were buying it, they just received it unwittingly and paid for it accordingly.
Sales teams were on large commissions and the banks themselves made huge profits for a product that they sold ad hoc. Looking back now, it seems hard to believe that high street institutions such as Bank of Scotland – and a multitude of others, it has to be said – bought into this aggressive selling with barely a thought for the needs of the customer. It was wrong, plain and simple.
Here at Beat the Banks, we continue to fight for justice on behalf of our customers. Bank of Scotland, like all the others, shouldn’t be allowed to get away with what they did. If you’d like to find out more, just call 0800 193 1234 and have a chat with us today. We hope to hear from you soon.