Reclaim Mis-sold PPI Against Black Horse (formerly Chartered Trust)
Here at Beat the Banks, we have had a number of dealings with Black Horse over the years, and we’ve helped a great many former customers of theirs to seek substantial PPI compensation claims. During that time, our research has revealed a number of examples of wrongdoing by Black Horse, including misinformation to customers about the accuracy of their record-keeping.
The company, part of the giant Lloyds Banking Group (LBG), once traded as Chartered Trust until a re-badge in 2001. During the lending boom that began in the late 1980s, Black Horse sold PPI over the phone and of course in the many branches of Lloyds Bank. As is the case with so many other big names in the financial sector, the selling of PPI policies was extremely aggressive.
There were great profits to be had for those who sold, and the target-driven sales approach led to a type of scatter-gun selling. Policies were designed on a one size fits all approach, enabling companies such as Black Horse to assemble and prepare sales teams that required very little in the way of expensive training courses. The end result was of course huge sums of money for the UK’s lenders.
Another inevitable end result was the costly outlay for customers for a product that in many instances was of little or no use whatsoever. People paid and paid and paid without ever becoming aware of the fact that their policy provided hardly anything in the way of cover. If you were one of the victims of the nation’s PPI scandal, we’d like to hear from you – just call 0800 193 1234 to tell us your story.