Reclaim Mis Sold PPI Against Mint Credit Cards
From its launch in 2003, the Mint credit card was a popular choice among the British public. Although it offered a seemingly new approach, Mint was actually a rebrand of the Advantage credit card. Both of these products were in fact issued by RBS, a group that became somewhat notorious for pushing PPI policies on all of its products during the lending boom.
In 2018, the Royal Bank of Scotland announced that it had again increased the total sum of money set aside for PPI claims. The total cost of the PPI scandal to RBS stands at more than £5 billion, a staggering figure, but one that clearly indicates just how enthusiastically the company embraced the profit potential of a product that offered so much to the lender but so little to the borrower.
If you had a Mint credit card in the 2000s, there is a very strong possibility that it came with a PPI policy tacked on to it. Sales staff were offered hefty incentives to push PPI with applications, even for consumers who couldn’t receive much in the way of cover. One call to 0800 193 1234 is all you need to find out more about the way Beat the Banks can help you find the justice you deserve.
Far too many claims management companies contact PPI providers with a request for only the briefest of information. Armed with only part of the picture, they then mount a claim that often brings in only part of the compensation that may have been due. Beat the Banks are different, because we believe in going the extra mile to find out all the truth, not just some of it.
The clock is ticking, so act fast
With the PPI deadline fast approaching, it’s vital that claims are made based on all the relevant details. You will only get one chance now to mount a claim, so why choose a route that may not bring what you deserve? Our specialists have many of years of experience within the banking industry, so we know what to look for and where to find it.
Corporations such as RBS made a fortune from mis-sold PPI during the credit boom, and they used an aggressive selling policy to make sure you said yes to this somewhat under-achieving add-on. It’s not right that they should get away with the tactics they used, so make sure you contact Beat the Banks soon to see what can be done.
In addition to the credit side, Mint also offered personal loans, and of course they came with the chance of PPI ‘benefits’ as well. Whether you were looking to improve the home, to pay for a major holiday, to buy a car or perhaps to consolidate some existing debts, you could easily have found the loan of your choice on the web, over the phone or in bank branches.
Eventually the lending boom came to an abrupt end, and soon there were plenty of recriminations in regard to PPI and how it was sold. Financial regulators started fining the wrong-doers in the mid-2000s, but these punishments gathered pace from around 2011 onwards. The more injustices were uncovered, the more money had to be set aside to pay for the inevitable (and completely justifiable) compensation claims.
If you had a loan or a credit card from the Mint brand, we’d like to hear from you as soon as possible. PPI claims will have to come to an end in August 2019, so time is running out. Please call us on 0800 193 1234 for a free, no obligation chat.