Reclaim PPI Against M&S

M&S Reclaim PPI

If you have ever had a loan or credit card with M&S Bank then then there is a considerable chance that you have been mis-sold PPI. M&S Bank, set aside £128 million in 2016 to repay customers mis-sold Payment Protection Insurance. This was significantly higher than the previous year, which came in at £83 million.

The bank have revealed that they expect to finally receive over 230,000 complaints regarding mis-sold PPi on loans and credit cards. This would make up 43% of all the policies that they sold. They admit that they are uncertain about the total amount that they eventually have to set aside to meet the cost of mis-sold PPi, but in the past four years alone, the bill has topped £400 million.

At Beat the Banks, we are experts on claiming mis-sold PPI on loans and credit cards with M&S Bank. Unlike other claims companies, we look to recover all your banking records from M&S Bank before we submit your claim. This includes copies of original loan and credit card agreements. It allow us to be 100% accurate when submitting our claims. Just one of the main reasons why our claims success against M&S Bank is so high.

Did you have any borrowing with M&S Bank since it was formed in 1985 and pay PPI? Here is a bit of a reminder about the background of M&S Bank. Launched originally in 1985 as St Michaels Financial Services, they sold personal loans right from the very outset. The business was renamed M&S Financial Services in 1988 and introduced the M&S Money brand in 2003. At the same time they launched their own store card. Previous charge card holders say their accounts transferred to a full-blown credit card.

Finally, in 2004, the bank was sold to HSBC for £580 million on the proviso that they would continue to share profits until at least 2019.

If you think you might have paid PPI on a loan or credit card with M&S Bank, then our team of claims experts can help you recover what is rightfully yours. Remember uniquely, all our claims experts are former bank lender managers.

To find out more, you can give our team a call on 01382 200474 or for free on 0800 193 1234.

Marks & Spencers And PPI - The Facts

Was set aside by M&S bank in 2016 to repay customers mis-sold PPI

That how many complaints M&S Bank is expecting, making up over 43% of all policies sold.

All PPI claims need to be registered by August 2019, if you were mis-sold PPI by M&S Bank you need to act 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

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