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Reclaim PPI Against Lloyds TSB

Reclaim PPI Against Lloyds TSB

If you have ever had a mortgage, credit card or a personal loan with TSB or Lloyds TSB then, there is a significant chance that you have been mis-sold Payment Protection Insurance.

During the 70’s and 80’s the local TSB banks up and down the country began amalgamating. Finally in 1986, TSB Group plc was floated on the stock market. Overnight they went from a friendly local bank to a sales machine with target driven selling. This only became worse, when in 1995 they merged with Lloyds Bank to form Lloyds TSB Bank plc. In Scotland they traded under Lloyds TSB Bank Scotland plc.

In 2009 at the peak of the UK financial crisis, came the forced takeover of HBOS to form Lloyds Banking Group and even more target driven selling. Then, to comply with EU rules on competition control part of the group was spun off and morphed back into the TSB brand which now also included Cheltenham & Gloucester or C&G. Finally this new bank was snapped up by the Spanish banking giant, Banco Sabadell.

TSB and Lloyds TSB in their various guises, 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 or not meeting targets, were simply negotiated our the door.

Pre-approved

Like the Royal Bank, credit cards, overdrafts and personal loans were all pre-approved, by their customer profiling system. The competition between sales staff coupled with huge potential rewards, meant mis-selling was rife. Cross-selling too, was all the rage. If you visited the branch for a loan and didn’t leave with at least one other product sold to you, then the “sellers,” just weren’t doing their job properly.

All sales staff had to hit the phones too. Within months of taking a loan you were targeted for a new one. All of course, with chunky Payment Protection Insurance on top. The most expensive way to buy PPI. Profitability on these policies were simply through the roof, with massive up front commissions. Repay your borrowing early and your PPI rebate was minuscule.

Beat the Banks

At Beat the Banks we do things differently, we always make sure that we recover all lending paperwork and normally as far back as the mid to early 90’s. These lending applications, agreements, statements and contact notes mean we can be supremely accurate when submitting claims. Often this paperwork is many inches thick – we have even seen some files up to feet deep!

Several compensation awards on TSB and Lloyds TSB borrowing have seen customers recovering £tens of thousands.

All our claims experts are former bank lending managers, interpreting these files is just what they love. Using what we call “financial forensics,” they often identify from these records, mis-sold PPI from other lenders.

We are real TSB and Lloyds TSB experts when it comes to mis-sold PPI in all their lending products. If think you have been mis-sold Payment Protection Insurance by them and would like to know more, you can contact our team on 01382 200474 or for free on 0800 193 1234

Lloyds Banking Group And PPI

Personal Loans, Mortgages, Credit Cards, Vehicle Finance and more

Although £17 billion has been set aside, the government has set an end date. The final countdown to submit your claim is on. August 2019 is the deadline, make sure you don’t miss out.

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  • Mrs C, Glasgow

    “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.”

  • Shona, Dundee

    “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.”

  • Mr A McQuillian

    “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.”

  • Mrs S, Falkirk

    “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.”

  • T & A, Dundee

    “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.”

  • Mrs S, Falkirk

    “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.”

  • Mr & Mrs M, Shetland

    “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.”

  • 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.”

  • Dave & Linda , Dundee

    “We had no paperwork but £52,500 reasons to say thank you, we are now living our Spanish dream! Exceptional service.”

  • Mr S, Dingwall

    “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!”

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