Reclaim Mis Sold PPI Against Royal Bank Of Scotland
If you had a mortgage, loan or credit card from the Royal Bank of Scotland or any of the organisations that have come under its umbrella, there’s a strong likelihood that you had a PPI policy attached. RBS has been one of the UK’s most active financial players over the past three decades, and like many others they were only too happy to pass on PPI to customers, irrespective of whether it was of much use to them.
During the lending boom that began in the late 1980s, consumers all over the UK found it all too easy to obtain credit. Companies such as RBS were happy to offer a wide range of financial products, and at one time just about all of these products came with the possibility of Personal Protection Insurance. For the customer, extra cover and protection seemed like a good idea, so why wouldn’t they say yes?
The Royal Bank of Scotland, like many others, saw a golden opportunity to increase profits dramatically without having to try too hard to make it happen. Sales teams were offered plenty of incentives to add these policies to their products, and the fact that very little training was needed meant RBS and the rest of them could keep their operating costs down to a minimum.
In 2018, the company announced that it had again increased the amount of money it had set aside for PPI claims, bringing the total to more than £5 billion, a staggering sum that highlights just how heavily involved RBS and its various partners were in the PPI scandal. Perhaps it’s also an indicator of how much profit there was to be made during the lending boom.
It’s not just about RBS
It should be noted that even if you didn’t have PPI from the Royal Bank of Scotland your dealings may still have come under their auspices. The RBS Group has links to several familiar brands which have been extremely active in the UK’s financial sector over the years. They include:
• Direct Line
• Lombard Direct
• Ulster Bank
• Shell Credit Cards
…and several more.
If you have had any form of PPI via these companies or through RBS itself, we’d like to speak with you. Contact us today on 0800 193 1234 for a free, no obligation chat. We might just be able to help you find some well-deserved justice.
When the lending boom was in full swing, many UK financial institutions seemed to focus less on providing a service that could be trusted and more on selling products that brought in ever increasing profits. The days when we as a society looked on our banks and building societies as seemingly benevolent organisations that had our best interests at heart were fading fast.
The Royal Bank of Scotland sold mortgages, loans and credit cards with a great deal of gusto during the lending boom, and they aggressively pushed their PPI policies as well. Customers in branches, over the phone and via the early beginnings of the internet were strongly encouraged to agree to the addition of PPI to their purchase, and in many cases the cover was little more than a white elephant.
As we all know now, there was a great deal of wrong-doing in regard to mis-selling PPI. Once-trusted institutions were found to have used many underhand tactics in a bid to increase their profits, and until the authorities got involved it was nothing more than an absolute feeding frenzy. Thankfully, those who were wronged are able to seek compensation. And that’s where we come in.
Beat the Banks have constructed a vast number of robust, tenacious PPI claims against the financial sector in recent years. Unlike most other claims management companies, we don’t believe in seeking the quick win via access to the scantest of historic information. We seek data that goes right back to the beginning of a credit application, enabling us to mount cases that relate to the whole picture.
If you had PPI from RBS or any of its partners in the past, we’d love to hear from you. All it will cost you is a few minutes of your time, so make that call today to 0800 193 1234 and lets see what can be done.