Halifax PPI Reclaim With Beat The Banks
If you have ever had a mortgage, credit card, loan or secured loan through the Halifax brand then, there is a significant chance that you have been mis-sold Payment Protection Insurance.
Halifax merged with Bank of Scotland in 2001 to form HBOS and then the group, due to horrendous financial mismanagement, was forced into a shotgun marriage of convenience with Lloyds in 2008, under Gordon Brown and Alistair Darling’s labour government.
Halifax as a brand aggressively sold PPI on all their lending products. Points quite simply meant prizes and branch “sellers,” had huge targets to meet as did the counter and admin staff in terms of the leads they were required to feed the “sellers” with on a daily basis. Staff not adopting the sales culture, were put on performance improvement plans as a way to negotiating them out the door. It was brutal.
Not just that, try to refuse PPI on a your borrowing and another manager would be called into the interview to convince you that the cover was essential or, even more sinister, that unless you signed up for the Payment Protection Insurance, you wouldn’t get the loan, credit card or mortgage that you wanted. Often, for the likes of local authority workers or NHS staff, these policies were all but useless.
With Halifax personal loans in the early days, insurance was always added to the loan from the outset. The most expensive way to buy PPI. The profit on these policies alone could typically be significantly more than 50%. In later years Halifax moved to a monthly payment option for their Payment Protection Insurance.
As for mortgages, it was all about a product called Total Mortgage Protection or TMP. The more products that you took from their “menu,” then supposedly, the bigger the discount you received. The life and critical illness policies were significantly more expensive than a broker offering and in the case of critical illness, generally, it was of a much poorer quality too. You could then add in your Accident, Sickness cover or Unemployment cover, sold as separate policies or bundled together as ASU. Commissions were through the roof. It wasn’t a case of selling to need – more of selling for points and sheer profit.
Our team at Beat the Banks does things differently when it comes to reclaiming mis-sold PPI on borrowing through the Halifax. First of all, we look to recover all your borrowing records, not just the very limited account information that other CMC’s work with. This substantial paperwork means any claims that we submit are as accurate as possible. Added to that, all our claims experts are former bank lending managers and our combined team has hundreds of years of banking, insurance, and legal experience.
To find out more please call 01382 200474 or for free on 0800 193 1234.
For more information on Halifax, please look at our section on Lloyds Banking Group.
Halifax And PPI, The Facts
Halifax merged with Bank Of Scotland to form HBOS
Due to horrendous financial mismanagement HBOS becomes part of Lloyds Banking Group
Halifax as a brand aggressively sold PPI on all their lending products.
Time is running out to make a claim against Halifax for mis-sold PPI, the time to act is now.
From Our Clients
“Huge thank you to the team. After attempting to claim PPI myself and getting absolutely nowhere, I got Beat the Banks involved and ended up getting £12,000. What a result. Beat the Banks made it so easy and were committed right to the end.”Shona, Dundee
“From previous experience of PPI claim companies, I was a bit dubious if anyone could help me but I thought I would try Beat The Banks. To say I am pleased with the service and conclusion to my claim is an understatement. Beat the banks and my claim handler in particular handled all aspects of the claim from Clydesdale Bank with professionalism, courtesy, and efficiency to secure a positive result on my behalf. I would certainly recommend the services of Beat the Banks to anyone who thinks they have PPI claim, especially with the Clydesdale Bank.”Mr A McQuillian
“Down entirely to Mike’s hard work, we previously had a successful claim with Clydesdale Bank. Mike was convinced we had more loans with PPI and he was relentless in efforts to recover our paperwork from the bank. Finally, after many attempts, enough records were recovered to submit several claims. We have now received much more compensation, covering loans going back many, many years. If it had not been for Mike and the team at Beat the Banks this would never, ever have happened. Literally, all we did was sign our name and bank the cheque.”T & A, Dundee
“I was apprehensive about using a company to claim my PPI as I had previously responded to a “cold call” and was pestered with calls. I heard about Beat The Banks on a local radio station and because they were based in Scotland I felt comfortable approaching them. I have had a very positive experience with Beat The Banks. They are not pushy and answer any queries timeously. All the Agents I have spoken to were knowledgeable, polite and friendly. After the initial information gathering conversation, they understood my needs and just got on with my claim. No hassle. Even when it was clear that my claim was of a relatively low value they processed without delay. I would definitely recommend using Beat The Banks …. they put all the other companies out there to shame.”Mrs S, Falkirk
“Excellent service so helpful, I received a substantial sum back that I had no idea I was due, thank you again to Beat The Banks especially to Gary who was so helpful and efficient in every way.”Mrs M, Elgin
“We had no paperwork but £52,500 reasons to say thank you, we are now living our Spanish dream! Exceptional service.”Dave & Linda , Dundee
“Have just found out I have won all my cases with the bank, going back many years and been awarded compensation of just over £15,000!”Mr S, Dingwall
“We really appreciate the doggedness and professionalism of Jenna and the team at Beat the Banks. This is something we’d never have gotten round to doing and we’re so glad we went through the process with professionals as we’ve now had great results. Only positives have come from the experience.”Mr & Mrs M, Shetland
“From beginning to end, Beat the Banks have been very efficient. I am very pleased with the service from Jenna and the team. I am highly delighted and I have been recommending all of my friends.”Mrs C, Glasgow