Reclaim PPI Against M&S
If you ever had a loan or credit card from M&S Bank, or a store card from Marks & Spencer, there is a good chance that you also had a PPI policy attached. One of the most famous names in the history of British retail, Marks & Spencer began life as a penny bazaar in Leeds back in the 1880s, and of course, it grew from there into a brand that has branches all over the world.
In the late 1980s and right through to the 2000s, Payment Protection Insurance was aggressively sold by a broad cross-section of companies in retail and finance, and M&S were no exception to the rule. Thanks to the convenience of a store card, consumers were able to shop till they dropped at their local Marks & Spencer branch without having to worry about paying up front.
For M&S, such an arrangement brought in huge profits, and with PPI added on those profits became even larger. Their loyal customer base trusted the retailer to play fair, so they were happy to sign on the dotted line. Buying now and paying later became the favoured method of shopping for so many people, so if an insurance policy was attached there was surely nothing to worry about.
We know now that these policies were often of little or no use to the average consumer. In many cases they provided cover for some and not for others, so many people were paying a significant sum of money for something approaching a white elephant. If you were one of them, it’s time to start seeking the justice that you really deserve.