If you have ever had a credit card with MBNA, then there is a substantial chance that you may have been mis-sold PPI.
One of the UK’s biggest credit card providers, they still receive a massive amount of complaints each year regarding potentially mis-sold PPI. In the second half of 2016, official figures from the FCA, show that 3,772 cases were passed to FOS, whist the total number of claims submitted to MBNA for mis-sold PPI alone in the same period, was in excess of 72,000. As a comparison, in the first 6 months of 2013, that figure was 237,000, which was only marginally surpassed by Lloyds TSB, one of the country’s biggest banks at that time.
As a brand, MBNA has received significant criticism regarding the aggressive way that historically, they addressed debt issues with customers, including increasing interest rates on accounts when customers were already struggling to meet their payments. Their calculation process for working out PPI refunds has also been subject to considerable bad press, with customers apparently receiving much less interest redress when compared to other credit card providers.
MBNA as well as issuing their own credit cards, branded for some of Britain’s biggest football clubs, such as Manchester United, Liverpool and Celtic, they were also behind the AA credit card offering. In 2002 they bought Alliance & Leicester’s credit card business and in 2013, they sold their Virgin brand to Virgin Money in a deal that earned them a cool £1billion. This ended a partnership that had been in place as far back as 2002. Finally, in 2016 Lloyds Banking Group purchased MBNA from the Bank of America in a huge £1.9billion deal.
At Beat the Banks, we have an excellent success record against MBNA when it comes to PPI complaints. Unlike other PPI companies, we look to recover your full lender file, not just substantially abbreviated account information. This reveals exactly how, where and when your card was sold. Vital if you want to make an accurate complaint. Additionally, all our claims experts are former bank lending managers, who know the industry inside out.
If you believe that you have been mis-sold PPI on your MBNA credit card and would like to know a bit more, then you can contact our team on 01382 200474 or for free on 0800 193 1234.
MBNA And PPI, The Facts
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